PMP Prep vocab 1

Aug 12, 2024

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