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27 Cards in this Set
- Front
- Back
Program Management
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This is the centralized, coordinated process of managing a program in accordance with the business' strategic objectives.
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Portfolio Management
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This is the effective management of programs and independent projects to achieve strategic goals of an organization.
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Operations Management
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This is the management of resources and processes involved in producing and delivering products and services.
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Agile Project Management
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This refers to taking an iterative approach to managing a project throughout its life cycle.
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Business Requirements
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These are the pressing organizational needs or market stimuli that drive decision-makers to sponsor projects and to prioritize competing projects.
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Project Selection
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This is the act of choosing a project from among competing proposals.
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Project Selection Criteria
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These are the standards and measurements an organization uses to select and prioritize projects.
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Qualitative Criteria
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This deals with the project's fit with the organization's capabilities.
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Quantitative Criteria
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These specify financial targets that the project must meet.
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Project Selection Methods
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These are any systematic approaches that decision-makers use to analyze the value of a proposed project.
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Project Selection Decision Model
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This providea a framework for comparing competing project proposals by helping decision-makers compare the benefits of one project alternative with another.
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Capital Budgeting
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This helps senior executives make determinations about when and whether to make significant investments in capital expenditures such as new equipment, machinery and facilities.
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Scoring and Rating Systems:
Decision Tree |
Selection criteria are arranged along the branches of a tree flowchart. If the project fails to meet any one criterion it is removed from consideration.
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Scoring and Rating Systems:
Criteria Profiling |
Much like Decision Tree but the project will continue to be considered, even if it fails some of the criteria. It is then scored by the number of criteria met.
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Scoring and Rating Systems:
Weighted Factor |
Much like Criteria Profiling but different criteria may be weighted and factored into the scoring.
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Scoring and Rating Systems:
Q-Sorting |
Groups of people are given cards with projects on them which are sorted by order of importance of high, medium and low priorities.
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Scoring and Rating Systems:
Delphi Technique |
This allows remotely located experts to remain anonymous yet still participate in group decision-making. Project is rated on a 1 to 10 scale along with reasons.
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Cost Benefit Analysis
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This presents a project's estimated costs alongside its predicted benefits to help decision-makers make informed decisions about project selection.
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Project Statement of Work (SoW)
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This is a document that describes the products or services that the project will supply, defines the business need that it is designed to meet and specifies the work that will be done during the project.
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Project Charter
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This is a document that provides a clear, concise description of the business needs that the project is intended to address.
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Develop Project Charter Inputs
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- Project Statement of Work
- Business Case - Contract (for external customer) - Enterprise Environmental Factors - Organizational Process Assets |
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Business Case
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This is a brief document that justifies the investments made for the project and describes how a particular investment is in accordance with the organization's policy.
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Identify Stakeholders Process
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This is where the project manager identifies all stakeholders that are impacted by the project and documents information that is relevant regarding their interests, involvement and impact on project success.
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Stakeholder Analysis
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This is the formal process of identifying all of the stakeholders of a project by gathering and analyzing quantitative and qualitative information and building coalitions at the onset of a project.
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Stakeholder Register
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This is a document that identifies stakeholders of a project with information that includes their identification, assessment and stakeholder classification.
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Stakeholder Analysis Matrix
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This is a document that describes the strategies used to used to manage the stakeholders of a project.
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Stakeholder Management Strategy
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This is a management strategy that is created to ensure maximum support and to minimize the negative impacts of stakeholders throughout the entire project life cycle.
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