Definitions
A temporary endeavor undertaken to create a unique product, service or result.
What is a Project?
The person responsible for all elements of planning, managing, executing, and controlling the project and who is responsible for bringing the project in on time, cost, to specifications, and to a given quality with agreed upon resources.
Who is the Project Manager?
Identifies the appropriate scope, deliverables and team participants.
What is the Project Charter?
Visually represents a chronological task list to, deliverables and task dependencies.
What is a Gantt Chart?
Cost Reduction or 'Savings' at a single instance; not expected to recur.
What is One Time Savings?
The application of knowledge, skills, tools and techniques to project activities to meet the project requirements.
What is Project Management?
The executive responsible for the overall project delivery including management, monitoring, and funding. They must be in a position to solve problems at a higher level when necessary for a project manager.
Who is the Project Sponsor?
The project charter is the ________ for senior management, stakeholder and/or sponsor support.
What is the Contract?
Tasks may have multiple preceding tasks and multiple succeeding tasks.
What is Dependencies?
The resources and associated costs needed to execute a project, which helps ensure you achieve project objectives within the approved timeline and budget.
What is Cost Estimations and or Cost Forecast?
Person assigned by the organization to achieve the project objectives.
What (who) is the Project Manager?
Individuals who support the project manager in performing the work of the project to achieve its objectives.
Who are the Project Team members?
Typically prepared during this stage of the Project Management lifecycle.
What is Project Initiation?
Listing potential project risks.
What is a Risk Register?
They can include project team wages, the costs of resources to produce physical products, fuel for equipment, and money spent to address any project-specific risks.
What are Direct Costs?
Includes all the work required and only the work required to complete the project successfully.
What is Scope Management?
An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project.
What or Who is a Stakeholder?
Describe the tangible products and or services that are being built by the project.
What is are Project Deliverables?
By performing this task the impact can be mitigated to cost, timelines, performance and resources.
What is Perform a Qualitative and Quantitative Risk Analysis?
Likely to not directly reflect in P/L statements or Balance Sheets, but monetary value can be attached through robust calculations.
What are Soft Cost Savings?
Coordinates the various processes and project management activities within the project.
What is the CORE Team?
The individual(s) who define the requirements of the project.
Who is the Customer?
A project charter is ____________ required.
What is Always?
Demonstration of the shortest possible length of time in which the project can be completed.
What is the Critical Path?
Typically used to compare a company's profitability or to compare the efficiency of different investments.
What is Return On Investment?