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project management
section
| Question | Answer |
|---|---|
| Project | A temporary endeavor undertaken to create a unique product, service, or result. |
| Project | temporary, unique, deliverables, start/end, not routine operations. |
| Operations | Ongoing work that sustains the business (repetitive and continuous). |
| Operations | ongoing, repetitive, day-to-day, routine. |
| Interdependent tasks (project work) | Tasks that rely on one another; outputs of one become inputs to another. |
| Interdependent tasks (project work) | dependencies, sequence, predecessors/successors. |
| Strategic initiative | A major effort started to support long-term organizational goals. |
| Strategic initiative | competitiveness, efficiency, new business model, growth, cost reduction. |
| Project sponsor | Person who provides authority, funding, and support for the project. |
| Project sponsor | executive support, approves charter, provides resources. |
| Stakeholder | Any person/group who can affect or is affected by the project. |
| Stakeholder | customer, sponsor, team, vendor, regulators, end users. |
| PMO (Project Management Office) | Organizational unit that standardizes PM practices and supports project teams. |
| PMO (Project Management Office) | templates, best practices, lessons learned, standards, governance |
| Scope Creep | uncontrolled expansion of project scope without formal approval or updates to the scope baseline |
| Scope Creep | small additions,” “no approval,” “informal request, |
| Change Control | formal process for reviewing, approving, and documenting changes to scope, cost, or schedule to protect the baselines. |
| Change Control | formal approval,” “change request,” “change control system” |
| Float (Slack) | The amount of time an activity can be delayed without delaying the project’s completion. |
| Quality Assurance (QA) | A process-focused activity that ensures the project follows defined quality standards. |
| Quality Assurance (QA) | “process audits,” “standards,” “during execution” |
| Quality Control (QC) | A product-focused activity that verifies deliverables meet quality requirements. |
| Quality Control (QC) | inspection,” “testing,” “checking outputs” |
| Traditional (Predictive) | A sequential approach where scope, cost, and schedule are fixed early. |
| Traditional (Predictive) | well-defined requirements,” “low uncertainty,” “waterfall” |
| Iterative | Work is repeated in cycles to refine and improve the product over time. |
| Adaptive | An approach designed to respond quickly to change as requirements evolve. |
| Adaptive | high uncertainty,” “changing requirements” |
| Agile | An adaptive approach that delivers work in small increments with frequent customer feedback. |
| Agile | frequent delivery,” “customer collaboration” |
| Scrum | An Agile framework that uses sprints, daily stand-ups, and defined roles. |
| Scrum | sprints,” “product backlog, |
| Extreme (Extreme Programming | An Agile method emphasizing continuous testing, customer involvement, and rapid releases. |
| Extreme (Extreme Programming | pair programming,” “continuous testing” |
| Iteration Completion | Formal acceptance of work completed during a single iteration or sprint. |
| Iteration Completion | sprint complete,” “increment approved |
| Stage Completion | Formal closure of a major stage before moving to the next one. |
| Deliverable Completion | Acceptance of a specific deliverable, even if the project continues |
| Phase Completion | Formal approval at the end of a project phase(phase gate) |
| Preparing for the Change | Identifying the change, assessing impacts, and planning how to implement it. |
| Managing the Change | Executing the change and managing resistance during implementation. |
| Reinforcing the Change | Ensuring the change sticks through rewards, monitoring, and feedback. |
| Upgrading the Change | Enhancing or expanding an already implemented change. |
| Cost Performance Index (CPI) | A measure of cost efficiency showing how well the project is using its budget. |
| Scope Verification | The formal acceptance of completed deliverables by the customer or sponsor. |
| Scope Definition | Developing a detailed description of the project and deliverables. |
| Change Management | The structured approach to requesting, reviewing, approving, and controlling changes. |
| What does PRINCE2 stand for? | PRojects IN a Controlled Environment |
Created by:
ltay774