PMP Foundational Concepts

Card Set Information

PMP Foundational Concepts
2012-06-20 20:20:01
PMP Fundational concepts

Study Cards for PMP
Show Answers:

  1. What is a Project?
    A temporary group of related tasks undertaken to create a unique product, service, or result.
  2. What is a Program?
    A group of related projects and operations coordinated together in a larger effort than a project.
  3. What is a Portfolio?
    an organization's entire investment in projects and programs.
  4. What is Project Management?
    using skills, knowledge, and resources to satisfy project requirements.
  5. What is Process?
    1 of 42 packages of inputs, tools, and outputs used to produce specific outputs for the project
  6. What is Phases?
    Groups of project activities seperated by exit gates to evaluate phase deliverables.
  7. What is Project Life Cycle?
    A group of project phases specified by an organization's project managemet methodology.
  8. What is Methodology?
    An organization's specific implementation of project processes; a set of steps to manage a project.
  9. What is Triple Constraint?
    The concept taht scope, time, and cost are interrelated, one cannot change without affecting at least one of the others. Also known as Iron Triagle.
  10. What is Baseline (BL)?
    The original plan plus all approved changes (scope, schedule, cost).
  11. What is System?
    A set of formal managment procedures; rules, processes, people, etc that support an outcome.
  12. What is Historical INformation?
    Information from previous projects used to evalute future project decisions.
  13. What is lessons learned?
    Documented variances (historical information) used to avoide variances in future projects.
  14. What is Progressive Elaboration?
    An iterative approach where planning occurs in cycles rather than only up front.
  15. What is PM Skills?
    Leading, communicating, negotiating, problem-solving, influencing, delegating, and being proactive.