PMP Project Management Processes and Knowledge Areas Flashcards

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Project TimelineA graphical representation of a chronological sequence of project events
Contract ManagementThe process of managing contract creation, execution, and analysis
Project LifecycleThe series of phases that a project goes through from initiation to closure
SWOT AnalysisA technique to identify Strengths, Weaknesses, Opportunities, and Threats
Change LogA comprehensive list of changes submitted during the project and their status
Executing Process GroupProcesses performed to complete the work defined in the project management plan
Risk AvoidanceChanging the project plan to eliminate the risk
Scope VerificationThe process of formalizing acceptance of the completed project deliverables
Change Control Board (CCB)A group that reviews, evaluates, approves, delays, or rejects changes to the project
Cost EstimationThe process of forecasting the financial resources needed for a project
Initiating Process GroupProcesses performed to define a new project or phase by obtaining authorization
Earned Value Management (EVM)A methodology that combines scope, schedule, and resource measurements
Actual Cost (AC)The realized cost incurred for the work performed
Fishbone DiagramA visual identification of many potential causes of a problem
Schedule BaselineThe approved version of the project schedule
Performance ReportingCollecting and distributing performance information
Human Resource ManagementOrganizing, managing, and leading the project team
Project BudgetThe total amount of authorized financial resources for the project
Lessons LearnedKnowledge gained during a project which shows how project events were addressed
Responsibility Assignment Matrix (RAM)A grid that shows the project resources assigned to each work package
Scope CreepThe uncontrolled expansion to product or project scope without adjustments to time, cost, and resources
Project TeamThe group of individuals performing the work of the project
Risk ManagementIdentifying, analyzing, and responding to project risks
Procurement ManagementAcquiring goods and services from outside the performing organization
Quality ControlThe process of monitoring and recording results of executing quality activities
Kickoff MeetingThe first meeting with the project team and the client
Gantt ChartA type of bar chart that illustrates a project schedule
FloatThe amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks
Time ManagementEnsuring timely completion of the project
Stakeholder AnalysisA technique used to identify the interests and influence of various stakeholders
Decision Tree AnalysisA diagramming technique used to select the best course of action in situations with uncertain outcomes
Monte Carlo SimulationA process that generates hundreds or thousands of probable performance outcomes
PERT ChartA project management tool used to schedule, organize, and coordinate tasks
Project GovernanceThe framework within which project decisions are made
Integration ManagementEnsuring that the various elements of the project are properly coordinated
Scope BaselineThe approved version of a scope statement, WBS, and WBS dictionary
Project ManagerThe person assigned by the performing organization to achieve the project objectives
Planned Value (PV)The authorized budget assigned to scheduled work
Triple ConstraintThe balance of the project\s scope, schedule, and cost
Communication PlanA document that outlines the communication goals and strategies
Cost ManagementPlanning, estimating, budgeting, and controlling costs
Project SponsorA person or group who provides resources and support for the project
Project ScheduleThe planned dates for performing activities and the planned dates for meeting milestones
Scope ManagementEnsuring the project includes all the work required, and only the work required
Assumption LogA document that records all project assumptions and constraints
Product ScopeThe features and functions that characterize a product
Work Breakdown Structure (WBS)A hierarchical decomposition of the total scope of work to accomplish the project objectives
Key Performance Indicators (KPIs)Quantifiable measures used to evaluate the success of an organization or project
Project PhasesDivisions within a project where extra control is needed to manage the completion of a major deliverable
Project CharterA document issued by the project initiator or sponsor
Issue LogA project document where all issues are recorded and tracked
Risk Probability and Impact MatrixA grid for mapping the probability of each risk occurrence and its impact on project objectives
Cost BaselineThe approved version of the project budget
Risk AcceptanceA risk response strategy that involves acknowledging the risk and not taking any action unless it occurs
DeliverableAny unique and verifiable product, result, or capability to perform a service
Planning Process GroupProcesses required to establish the scope, objectives, and course of action
Monitoring and Controlling Process GroupProcesses required to track, review, and regulate the project
Project Scope StatementThe description of the project scope, major deliverables, assumptions, and constraints
Risk TransferShifting the impact of a risk to a third party
Communications ManagementEnsuring timely and appropriate generation, collection, distribution, and disposition of project information
Program ManagementThe process of managing multiple related projects
Stakeholder ManagementIdentifying all people or organizations impacted by the project
Risk RegisterA document in which the results of risk analysis and risk response planning are recorded
Project MilestonesSignificant points or events in the project schedule
Resource AllocationAssigning available resources in an efficient manner
Project Management PlanThe document that describes how the project will be executed, monitored, and controlled
Resource Breakdown Structure (RBS)A hierarchical representation of resources by category and type
Earned Value (EV)The measure of work performed expressed in terms of the budget authorized for that work
Critical Path Method (CPM)A schedule network analysis technique
Closing Process GroupProcesses performed to finalize all activities across all Process Groups
Variance AnalysisThe comparison of planned project results with actual project results
Project Portfolio ManagementThe centralized management of one or more portfolios to achieve strategic objectives
Quality ManagementDetermining quality policies, objectives, and responsibilities
Feasibility StudyAn assessment of the practicality of a proposed plan or project
RACI MatrixA matrix that shows the Responsibility, Accountability, Consultation, and Informed statuses for tasks
Cost-Benefit AnalysisA process by which business decisions are analyzed as benefits vs. costs
Project DashboardA visual representation of the project’s progress and performance
Stakeholder RegisterA project document including the identification, assessment, and classification of project stakeholders
Quality AssuranceThe process of auditing the quality requirements and results
Risk MitigationReducing the impact of a risk event by reducing the probability of its occurrence