PMPA flashcards
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32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Project
- A temporary endeavor undertaken to create a unique product, service, or result. It has a defined start and end, and its outcome is not repetitive.
- Program
- A group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.
- Portfolio
- A collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives. Portfolio components may not be directly related.
- Organizational Process Assets
- Plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization. Examples include templates, lessons learned, and historical data.
- Project Charter
- A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with authority to apply organizational resources to project activities.
- Stakeholder Register
- A project document that records identified stakeholders, their roles, interests, expectations, influence, and engagement strategy. It is updated as stakeholder needs change.
- Power/Interest Grid
- A stakeholder analysis tool that groups stakeholders based on their level of authority (power) and concern (interest). Strategies include manage closely, keep satisfied, keep informed, and monitor.
- Stakeholder Engagement Plan
- A component of the project management plan that identifies strategies to engage stakeholders effectively. It documents how to communicate and work with stakeholders to meet their needs.
- Work Breakdown Structure
- A hierarchical decomposition of the total scope of work to be carried out by the project team. The lowest level is a work package, which can be estimated and controlled.
- Scope Baseline
- The approved version of the project scope statement, work breakdown structure (WBS), and WBS dictionary. It is used to compare actual performance against planned scope.
- Requirements Traceability Matrix
- A grid that links product requirements from their origin to the deliverables that satisfy them. It helps ensure all requirements are met and tested.
- Scope Creep
- The uncontrolled expansion of project scope without adjustments to time, cost, and resources. It is managed through integrated change control.
- Critical Path
- The longest path through the project network diagram, which determines the shortest possible project duration. Activities on the critical path have zero total float.
- Total Float
- The amount of time an activity can be delayed without delaying the project finish date. It is calculated as late start minus early start or late finish minus early finish.
- Earned Value Management
- A technique that integrates scope, schedule, and cost to assess project performance. Key metrics include planned value (PV), earned value (EV), and actual cost (AC).
- Schedule Performance Index
- A measure of schedule efficiency calculated as earned value (EV) divided by planned value (PV). An SPI less than 1 indicates the project is behind schedule.
- Cost Performance Index
- A measure of cost efficiency calculated as earned value (EV) divided by actual cost (AC). A CPI less than 1 indicates the project is over budget.
- Budget at Completion
- The sum of all budgets established for the work to be performed on a project. It is the total planned value for the project.
- Quality Assurance
- The process of auditing quality requirements and results from quality control measurements to ensure appropriate quality standards and operational definitions are used. It is prevention-driven.
- Quality Control
- The process of monitoring and recording results of executing quality activities to assess performance and recommend necessary changes. It is inspection-driven.
- Cost of Quality
- The total cost of conformance (prevention and appraisal) and nonconformance (internal and external failure). It includes costs incurred over the life of the product.
- RACI Chart
- A responsibility assignment matrix that uses Responsible, Accountable, Consult, and Inform roles to clarify team member responsibilities for tasks or deliverables.
- Communication Channels
- The number of potential communication paths among stakeholders, calculated as n(n-1)/2, where n is the number of stakeholders. It helps assess communication complexity.
- Risk Register
- A project document that records identified risks, their causes, probability, impact, responses, owners, and status. It is updated throughout the project.
- Qualitative Risk Analysis
- The process of prioritizing individual project risks for further analysis by assessing their probability of occurrence and impact. It uses a probability and impact matrix.
- Risk Response Strategies
- For threats: avoid, transfer, mitigate, accept, escalate. For opportunities: exploit, share, enhance, accept, escalate. The choice depends on risk priority and feasibility.
- Fixed-Price Contract
- A contract type in which the seller agrees to provide goods or services at a fixed price. The seller bears the risk of cost overruns, so scope must be well defined.
- Integrated Change Control
- The process of reviewing all change requests, approving changes, and managing changes to deliverables, project documents, and the project management plan.
- Change Control Board
- A formal group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project. Decisions are recorded and communicated to stakeholders.
- Configuration Management
- A set of processes that ensures the description of the project product and its components are correct and complete. It includes configuration identification, status accounting, and verification.
- Lessons Learned
- Knowledge gained during a project that shows how project events were addressed or should be addressed in the future. They are captured and stored in organizational process assets.
- Professional Responsibility
- The ethical obligation to adhere to standards such as honesty, fairness, and respect. PMI members must comply with the PMI Code of Ethics and Professional Conduct.