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C722 - module 15

Project Management

TermDefinition
Project evaluation and review technique (PERT) used to estimate activity duration times. It uses a statistical approach to estimate the time that will be required to complete project work activities
Critical path method (CPM) also used for estimating project activity durations, but assumes that the estimates do not vary and time can be reliably estimated
Critical chain project management (CCPM) focuses on managing the uncertainties of a project. It assumes that resources available to complete the project are in limited supply and it specifically plans to ensure resource availability
Waterfall method is a traditional practice which found its best use in software and hardware development. In this method, the project work flows downward like water falling over a ledge
Projects in controlled environments version 2 (PRINCE2) is a highly structured project management method which focuses on the specification of the outputs rather than the coordination of activities (PMBOK)
complexity in PM many parts contribute to the project outcomes and the outcome itself may be many complicated or interrelated parts.
uncertainty in PM can come into project management with regard to the desired outcome or the technologies and processes that will be used to generate the outcome
project processes initiating, planning, executing, monitoring & controlling, closing
traditional methods the path from project beginning to project end is linear and sequential steps are followed—define, plan, execute, close
agile methods is an iterative approach to project management where the project team works closely with the customer to deliver projects in usable chunks
scrum to develop a project process in which a cross-functional team worked closely together to create continuous improvements
extreme project management methods are approaches to address issues of extraordinary uncertainty or complexity
Created by: drister05
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