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MG 417 mid term exam
ch.1 mg 417
| Question | Answer |
|---|---|
| Agile Project Management (Agile PM) | Iterative incremental developmental methods for completing projects with high uncertainty |
| Program | Group of coordinated related projects designed to accomplish a common goal over an extended period of time |
| project | Temporary endeavor undertaken to create a unique product , service or result |
| Project Life Cycle | Stages in all projects : definition , planning execution and closing |
| Professional ( PMP ) : | Person who has met specific educational & experiential requirements of the PM Institute |
| Emotional intelligence ( EQ ) : | Skill to perceive , assess and manage emotions of one's self and others |
| Inspiration - related currencies | Inspiring others to do good , be best etc |
| law of reciprocity | Feeling of obligation to grant a favor comparable to one received |
| management by wandering around | Intentional management through spending time outside the office, interacting with key people |
| Personal-Related Currency | Influence based on enhancing another person's self-esteem. |
| Position-related currencies | Influence based on the ability to enhance someone else's position within an organization. |
| Relationship-related currencies | Influence based on friendship. |
| Social network building | Identifying and building cooperative relationships with key people |
| Stakeholders | Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does. |
| Systems Thinking | Holistic view emphasizing interactions among different problem factors |
| Task-related currencies | Influence based, helping someone else do their work. |
| Brainstorming | generating as many ideas as possible while withholding criticism and evaluation |
| dysfunctional conflict | Disagreement that does not improve project performance. |
| functional conflict | Disagreement that contributes to the objectives of the project. |
| Groupthink | Tendency of members of highly cohesive group to lose critical evaluative capabilities |
| Nominal Group Technique (NGT) | A structured problem-solving process in which members privately rank-order preferred solutions. |
| positive synergy | Performance is greater than the sum of individual contributions |
| project kickoff meeting | Typically the first meeting of the project team. |
| Project vision | An image of what the project will accomplish. |
| team building | A process designed to improve the performance of a team. |
| virtual project teams | Team separated by distance, unable to communicate face to face, usually by electronic means. |
| Implementation gap | The lack of understanding and consensus on strategy among top management and middle-level (functional) managers who independently implement the strategy. |
| Net Present Value (NPV) | A minimum rate of return computed from the present value of all net cash flows authoritarianism |
| Organization Politics | The process and behavior in human interactions to acquire and use power and authority to obtain outcomes where there is disagreement over choices |
| Payback | Measures the time it takes to recover the project investment |
| Phase Gate Model | Review and evaluation process (go, kill, recycle) project phases must pass through to determine whether to continue |
| Priority system | Picking projects by linking them to organization strategy |
| Priority team | Team that evaluates projects by their relative contribution/value according to selected criteria |
| Project Portfolio | Group of projects selected for implementation, balanced by type, risk and ranking by selected criteria |
| Project Sponsor | Typically a high-ranking manager who champions and supports a project. |
| Sacred Cow | Project favored by a powerful manager, who champions it |
| Strategic Management | Organization process that decides "who we are" "what we intend to be" and "how we are going to get there" |
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