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Domain 1 - Task 1
CAPM Prep
| Term | Definition |
|---|---|
| Project | Is a temporary endeavor undertaken to create a unique product, service, or result |
| Program | Is a group of related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available for managing them individually |
| Portfolio | Is a collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives |
| Operations | Is the ongoing production of goods and/or services |
| Predictive/Waterfall Approach | The project scope, time, and cost are determined in the early phases of the life cycle. Any changes to the scope are carefully managed |
| Adaptive/Agile Approach | The detailed scope is defined and approved before the start of an iteration |
| Issue | Is a challenging event that has already occurred or is currently occurring |
| Risk | Is an event that may occur that could affect a project, could be a benefit or a challenge |
| Assumption | Is something we believe to be true and we therefore build into the project plan |
| Constraints | Are things that we know to be true and which must be accounted for in the plan so that we can work around them |
| Plan Scope Management | Developing a plan that outlines our strategy for developing and validating our project scope and requirements. |
| Collect Requirements | Determining stakeholder needs and project requirements |
| Define Scope | Fully characterize the products scope and acceptance criteria, based upon the requirements captured in previous process |
| Create WBS | Create a scope baseline by decomposing your project work into easy-to-manage chunks |
| Validate Scope | Obtain formal acceptance of the projects deliverables from customer/sponsor |
| Control Scope | Making sure the projects scope doesn't change without it being reviewed or approved by the change control board through the formal change request process |
| Scope Management Process Groups | Plan Scope Management Collect Requirements Define Scope Create WBS Validate Scope Control Scope |
| Responsibility | Project management code of ethics - is our duty to take ownership of the decisions we make or fail to make, the actions we take or fail to take, and the consequences that result |
| Respect | Project management code of ethics - is our duty to show a high regard for ourselves, others, and the resources entrusted to us. Resources entrusted to us may include people, money, reputation, the safety of others, and natural or environmental resources |
| Fairness | Project management code of ethics - is our duty to make decisions and act impartially and objectively. Our conduct must be free from competing self interest, prejudice, and favoritism |
| Honesty | Project management code of ethics - is our duty to understand the truth and act in a truthful manner both in our communities and in our conduct |
| Vehicle for change | Projects enable change and create value |
Created by:
rrtyra
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