Project Basics
This document formally authorizes a project and gives the project manager authority to apply resources.
What is a project charter?
These are individuals or organizations who can affect or be affected by the project.
Who are stakeholders?
This is the total time required to complete a task from start to finish.
What is duration?
This is an uncertain event that, if it occurs, has a positive or negative effect on project objectives.
What is risk?
This acronym stands for the organization that created the Project Management Ready certification.
What is PMI (Project Management Institute)?
The temporary nature of projects means they have a definite beginning and this.
What is the end or ending?
This person is ultimately accountable for the project's success and provides resources.
Who is the project sponsor?
This hierarchical decomposition of project work breaks down deliverables into smaller, more manageable components.
What is a Work Breakdown Structure?
Quality is defined as the degree to which the project fulfills these.
What are requirements?
This term describes the work performed to deliver a product, service, or result with specified features and functions.
What is scope?
This constraint triangle includes scope, time, and this third element.
What is cost or budget?
This type of stakeholder has high power and high interest in your project.
What is a key stakeholder (or manage closely)?
This is the longest path through the project network diagram, determining minimum project duration.
What is the critical path?
This risk response strategy involves shifting the negative impact of a threat to a third party.
What is transfer (or transferring)?
This is a collection of projects managed together to achieve strategic objectives.
What is a program?
Projects are undertaken to create this: a unique product, service, or result.
This communication method is best for complex or sensitive information requiring discussion.
What is interactive communication (or meetings/face-to-face)?
This schedule compression technique allows activities to be performed in parallel that would normally be done in sequence, potentially increasing risk.
What is fast tracking or leveling?
This quality management concept states that you should plan quality in, not inspect it in.
What is prevention over inspection?
This term describes the approved version of a work product that can only be changed through formal change control.
What is baseline?
This is the difference between a project and operations: projects are temporary while operations are this.
What is ongoing (or continuous/permanent)?
This term describes a project that is protected from criticism or cancellation, often due to political reasons, even if it lacks strategic value.
What is a sacred cow?
This technique adds buffer time to the project schedule to account for uncertainty without padding individual task estimates.
What is Critical Chain Method (or adding project buffer)?
This risk analysis technique uses probability and impact to calculate a numerical risk score.
What is quantitative risk analysis (or expected monetary value/EMV)?
This organizational structure gives the project manager little to no authority, and team members report to functional managers.
What is a functional (or weak matrix) organization?