Project Life Cycle & Methodologies Flashcards
CompTIA Project+ PK0-005 (V5) Flashcards
| Front | Back |
| Agile Methodology | Iterative and incremental approach emphasizing flexibility and collaboration. |
| Closing Phase | Finalizes all activities, delivers outcomes, and evaluates project success. |
| Critical Path in Projects | Longest sequence of tasks that determines the shortest possible project duration. |
| Difference Between Agile and Waterfall | Agile is iterative and incremental while Waterfall is linear and sequential. |
| Executing Phase | Focuses on completing project work according to the plan. |
| Hybrid Methodology | Combines elements of Waterfall and Agile to leverage strengths of both. |
| Initiating Phase | Defines the project goals, scope, and stakeholders. |
| Kanban Methodology | Visual workflow management using boards and cards to track tasks in real time. |
| Key Activity in Monitoring and Controlling | Performing variance analysis to compare planned vs. actual progress. |
| Key Activity in Project Closing | Conducting a post-mortem to document lessons learned. |
| Key Activity in Project Execution | Managing teams and allocating resources. |
| Key Activity in Project Initiation | Developing the project charter. |
| Key Activity in Project Planning | Creating the Work Breakdown Structure (WBS). |
| Key Advantage of Agile | Adaptability to changing requirements and faster value delivery. |
| Key Advantage of Waterfall | Clear structure and well-documented processes. |
| Key Disadvantage of Agile | Requires strong team collaboration and constant customer involvement. |
| Key Disadvantage of Waterfall | Inflexible to changes once the project is underway. |
| Key Principle of Agile | Deliver working software frequently, with a preference for shorter timescales. |
| Lean Methodology | Focuses on delivering value by minimizing waste and maximizing efficiency. |
| Milestone Definition | Significant points or events marking progress in a project. |
| Monitoring and Controlling | Tracks progress, performance, and changes to ensure project alignment with goals. |
| Planning Phase | Involves creating detailed plans, schedules, and resource allocation. |
| RACI Chart | Outlines who is Responsible, Accountable, Consulted, and Informed for tasks. |
| Risk Management in Projects | Identifying, analyzing, and responding to potential risks to minimize impact. |
| Role of Scope in Projects | Defines the boundaries and deliverables of the project. |
| Role of Stakeholders | Influence, support, and validate the project goals and outcomes. |
| Scrum Framework | A type of Agile methodology featuring sprints, daily stand-ups, and defined roles like Product Owner. |
| Waterfall Methodology | Sequential approach where each phase must be completed before moving to the next. |
Related Study Materials
About the Flashcards
Flashcards for the CompTIA Project+ exam focus on core project management phases and fundamental terminology. Topics include Initiating, Planning, Executing, Monitoring and Controlling, and Closing phases, and essential concepts such as scope, stakeholders, milestones, and critical path.
Students can use the deck to review methodologies including Waterfall, Agile, Scrum, Kanban, Lean, and Hybrid, compare key advantages and disadvantages, and practice activities like developing a project charter, creating a Work Breakdown Structure (WBS), allocating resources, performing variance analysis, managing risks, and conducting a post-mortem to capture lessons learned. They reinforce terminology, project roles, and monitoring techniques commonly tested.
Topics covered in this flashcard deck:
- Project lifecycle phases
- Waterfall vs Agile
- Scrum and Kanban
- WBS, milestones, critical path
- Roles and RACI
- Risk management and closing