PMP Key Terms - Chapter 1

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  1. A Guide to the Project Management Body of Knowledge (PMBOK)
    A PMI publication that defines the widely accepted project management practices.  the CAPM and PMP exam are based on this book.
  2. Application Areas
    The areas of expertise, industry or function where a project is centered.  Examples of application areas include architecture, IT, health care, or manufacturing
  3. Certified Associate in Project Management (CAPM).
    A person who has slightly less project management experience than a PMP, but who has qualified for and then passed the CAPM examination.
  4. Cultural and Social Environment.
    Defines how a project affects people and how those people may affect the project.  Cultural and socila environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project.
  5. Deliverable
    A product, service or result created by a project.  Projects can have multiple deliverables.
  6. General Management Skills
    These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, HR management, standards and regulations, and IT.
  7. International and Political Environment
    THe consideration of the local and international laws, languages, communications challenges, time zone differences, and other non-collocated issues that affect a projects ability to progress.
  8. Interpersonal Skills
    The ability to interact, motivate, lead and manage people
  9. Iron Triangle of Project Management
    Time, Cost and Scope are the sides of the triangle.  All sides must be balanced, if not the quality of the project suffers.  Also known as the triple constraints of project management.
  10. Physical Environment
    The physical structure and surroundings that affect a projects work.
  11. Program
    A collection of related projects working in unison toward a common deliverable
  12. Progressive Collaboration
    The process of of gathering project details in steady, uniform steps.  This process uses deductive reasoning, logic and a series of information gathering techniques to identify the details about a project, product or solution.
  13. Project
    A short-term endeavor to create a unique product, service or result. The end result of a project is also called a deliverable
  14. Project Environment
    The location and culture of the environment where the project work will reside.  The project environment includes the social, economic, and environmental variables project must work with or around.
  15. Project Management Institute (PMI)
    An organization of project management professionals from around the world, supporting and promoting the careers, values, and concerns of project managers.
  16. Project Management Office (PMO)
    A central office that oversees all projects within an organization or within a functional department.  A PMO supports the project manager through software, training, templates, policies, communication, dispute resolution and other services.
  17. Project Management Professional (PMP)
    A person who has proven project management experience and has qualified for and then passed the PMP examination.
  18. Project Portfolio Management
    The management and selection of projects that support an organization's vision and mission.  It is the balance of project priority, risk, reward, and return on investment.  This is a senior management process.
  19. Subprojects
    A smaller project managed within a larger, parent project.  Subprojects are often contracted work whose deliverable allows the larger project to progress.
  20. Triple Constraints of Project Management
    Also known as the Iron Triangle.  This theory posits that time, cost and scope are three constraints that every project has
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PMP Key Terms - Chapter 1
2013-10-19 22:27:56

Key Terms for CAPM / PMP exam
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