PMP Exam Prep
Card Set Information
PMP Exam Prep
Preparing for the PMP Exam
What is the definition of a project?
Creates a unique product or service.
What is the definition of a program?
A group of interrelated projects;
managed in a coordinated way.
What is the definition of a portfolio?
A group of programs to achieve a specific strategic business goal.
What is a product life cycle?
The cycle of a product's life from conception to withdrawal.
What is a project life cycle?
What you need to COMPLETE the work.
It varies by industry and type of project.
What is the project management process?
What you need to MANAGE the work
Monitoring and controlling
What is a project management office?
A department that centralizes the management of projects
Provides the policies, methodologies, and templates for managing projects within the organization, or;
Provides support, guidance, and training to others in the organization on how to manage projects, or
Provides project managers for different projects, and is responsible for the results of those projects.
What are project constraints?
Constraints are used to help evaluate competing demands
Who are stakeholders?
Anyone whose interest may be positively or negatively impacted by the project, including
What should we do with stakeholders?
Identify all of them
Determine all of their requirements
Determine all of their expectations
Communicate with them
Manage their influence
What are the three primary forms of organization?
What is a functional organization?
The company is grouped by aeas of specialization (eg accounting, marketing)
What is a projectized organization?
The company is grouped by project.
the team has no department to go at project end.
The project manager has total control of the resources.
What is a matrix organization?
A blend of funvtional and projectized organization where the team members have two bosses (the project manager and functional manager)
What is a strong matrix organization?
A matrix organization where the balance of power rests with the project manager instead of the functional manager.
What is a weak matrix organization?
A matrix organization where the balance of power rests with the functional manager instead of the project manager
The project manager's role may include