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PMP Prep vocab 1
Aug 12, 2024
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Project Management Concepts and Terminology
Project Team
Individuals supporting the project manager
Responsible for project work to achieve objectives
Important to understand people's roles and responsibilities
Stakeholder
Individual, group, or organization affected by project decisions, activities, or outcomes
Anyone with an interest in the project (real or perceived)
Stakeholder Register
Document listing individuals or organizations who are stakeholders
Includes their interests, influence, authority
Helps in managing stakeholders
Responsibility Assignment Matrix (RACI Chart)
Identifies who is Responsible, Accountable, Consulted, and Informed
Defines stakeholder involvement in project activities
Resource Management Plan
Identifies resources and how to acquire, allocate, monitor, and control them
Includes both human resources (team members) and physical resources (equipment, supplies)
Team Charter
Document establishing team values, agreements, and practices
Ground rules for internal team members
Ground Rules
Clear expectations for conduct, especially for external individuals affecting the project
Expert Judgment
Judgment based on expertise in a specific area
Provided by individuals with specialized education, knowledge, skill, or experience
Resource Calendars
Identifies working days, shifts, and availability of resources
Shows when human and physical resources are available for project work
Lessons Learned Register
Records knowledge gained during the project
Used for current and future projects
Project Charter
Issued by initiator or sponsor (not project manager)
Authorizes project and provides PM with authority to use resources
Includes high-level requirements, schedule, risks, and budget
Consensus
Collaborative process to reach a decision everyone can support
Agreement does not necessarily mean full support but mutual acceptance
Rolling Wave Planning
Iterative planning technique
Near-term work planned in detail, future work planned at a higher level
Allows detailed planning as project progresses
Progressive Elaboration
Iterative process of increasing detail in the project management plan
Allows for modifications as more information becomes available
Predictive Life Cycle
Management approach determining scope, time, and cost early in the project
Requirements are collected upfront
Scope Management Plan
Describes how scope will be defined, developed, monitored, controlled, and validated
Prevents scope creep by controlling what is delivered to the customer
Project Requirements
Actions, processes, or conditions the project needs to meet
Approved requirements become actual project deliverables
Product Requirements
Agreed-upon conditions or capabilities of a product, service, or outcome
Defines what the product must do
Project Scope
Work performed to deliver a product, service, or result with specified features and functions
Includes product and project scope
Product Scope
Features and functions characterizing a product, service, or result
Includes the operational aspects and functional characteristics
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