Project Management

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  1. Project Work?
    Projects have clear objectives. Its temp work that has a begining and end. Start and Finish. No resources. 
  2. Operational Work
    Operational is concerned with volume and effeciency and has a goal. Its on going work. Routine work (ex.) assembly line. Has resources all the time.
  3. Characteristics of a Project:
    • - Temporary
    • - Unique well defined goals/objectives
    • - Specific Deliverables 
    • - Budget/resources requested and committed
    • - Constraints
    • - Investment
    • - Progressive Elaboration
  4. Characteristics of Opertional Work:
    • - Permanent part of Company
    • - General Goals/objectives (efficiency, volume)
    • - General Deliverables
    • - Budget/resources (Annual Budget)
    • - Permanent team
    • - Investment (depends)
    • - Work method, work load
    • - Efficiency is critical
    • - Elminate variations 
  5. What is Project Management?
    The application of project management tools techniques, and skills to achieve the project objectives.
  6. What does the definition of PM mean?
    PM is a systmeatic approch (its a method; sets of language) to accomplishing projects.
  7. What does this graph represent? 

    Image Upload 1
    The Process Flow for a Project (or phase).
  8. Project Process Groups 
    – Interrelated activities, with common purposes, coherent time period 
  9. Project Phases 
    – subprojects (stopped, started, funded etc)
  10. Project Baseline 
    – an approved plan, against which we compare the actual performance of the project
  11. Baseline Documents 
    – for example, the baseline schedule, the baseline cost (budget), the baseline scope
  12. Project Management Plan 
    – a “super plan” that integrates all the other plans 
  13. Importance of Project Management
    • Projects represent change and allow organizations to effectively introduce new products, new process,  new programs – therefore projects and PMs are important.
    • Project management helps cross-functional teams to be more effective
    • Project management improves budget, schedule and quality performance of projects
    • Project management offers a means for dealing with reduced product cycle times
  14. Trends in Business which increase the importance of Projects and PM
    • Downsizing
    • Re-engineering processes
    • Continuous improvement
    • Globalization
    • Customization
  15. What does this graph represent?

    Image Upload 2 
    Project life cycle – basic understanding about the way work progresses,  underlying the schedule.
  16. The first Answer to ALL Project Management Questions.
    It Depends! (ex) context specific, resources etc
  17. Whats does this graph represent?

    Image Upload 3 
    Effort distribution over time
  18. Whats does this graph represent?

    Image Upload 4 
    Macro View over Time
  19. What does this graph represent?

    Image Upload 5 
    PM  Process Groups 
  20. What are the Traditional View of 3 Constraints. 
    • Scope –Performance -Quality 
    • Schedule - Time
    • Cost - Budget
  21. What are the 6 project  management constraints via PMBOK?
    Image Upload 6
  22. Based on PMBOK 2.4.2 what is a Functional Organization? 
    A hierarchy where each employee has one clear superior.. Staff members are grouped by specialty. Each department will do its project work independent of other departments.
  23. What does this chart represent?

     Image Upload 7
    Functional organization
  24. What is PMBOK 2.4.2 definition of Projectized Organization?
    The opposite end of spectrum from Functional – teams often co-located, most of the resources (in the company) are involved in project work,
  25. What does this chart represent? 

     Image Upload 8
    Projectized Organization
  26. Based on PMBOK 2.4.2 what is a Matrix Organization?
    A blend or functional and projectized.
  27. What are the advantages of Matrix Organization 
     What are the disadvantages of Matrix Organization 
    • 1. Some one is responsible for training.
    • 2. Who do they work for.. it depends 
Card Set
Project Management
PM X470 Flashcards
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