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C722 - module 3

Project Management

TermDefinition
projects a temporary endeavor with a specified start and end date. It exists to develop a unique product, service, or result that may become a part of the organization’s ongoing operations
operations the ongoing, daily activities of an organization that produce revenue and expense. They continue over an indefinite period of time
product virtually every product and service that you use on a daily basis started as a project
business scenario an imagined or projected sequence of events, especially any of several detailed plans or possibilities
business strategy consists of the activities, methods, and tactics that will be employed to meet the business's goals
program a group of related projects
portfolio a group of related programs that support a long-term company goal or objective
charter defines the project and authorizes the resources, roles, responsibilities, authorities, and scope for the project
business case The project justification is a statement explaining the business need for the project. This is sometimes referred to as the business case
project life cycle phases defining, planning, executing, closing
phase 1 - defining Determine the project’s sponsor and the project’s manager - Create a project charter
phase 2 - planning Technology Business process Staffing Training Testing Communications Budget constraints Integration of the project with operations and other projects
phase 3 - executing overseeing and managing all necessary work and assignments by members of the project team that are required over the life of the project
phase 4 - closing occurs when the project is completed to the customers’ satisfaction, the project deliverables have been successfully launched and the resulting project efforts are complete. This includes the launch and review and transfer of lessons learned.
SMART goals specific, measurable, attainable, relevant, time-based
projects triple constraints scope, schedule, budget
project management the application of knowledge, skills, tools, and techniques to project activities
Created by: drister05
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