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PMP Project Management Processes and Knowledge Areas Flashcards
Project Management Professional Flashcards
| Front | Back |
| Actual Cost (AC) | The realized cost incurred for the work performed |
| Assumption Log | A document that records all project assumptions and constraints |
| Change Control Board (CCB) | A group that reviews, evaluates, approves, delays, or rejects changes to the project |
| Change Log | A comprehensive list of changes submitted during the project and their status |
| Closing Process Group | Processes performed to finalize all activities across all Process Groups |
| Communication Plan | A document that outlines the communication goals and strategies |
| Communications Management | Ensuring timely and appropriate generation, collection, distribution, and disposition of project information |
| Contract Management | The process of managing contract creation, execution, and analysis |
| Cost Baseline | The approved version of the project budget |
| Cost Estimation | The process of forecasting the financial resources needed for a project |
| Cost Management | Planning, estimating, budgeting, and controlling costs |
| Cost-Benefit Analysis | A process by which business decisions are analyzed as benefits vs. costs |
| Critical Path Method (CPM) | A schedule network analysis technique |
| Decision Tree Analysis | A diagramming technique used to select the best course of action in situations with uncertain outcomes |
| Deliverable | Any unique and verifiable product, result, or capability to perform a service |
| Earned Value (EV) | The measure of work performed expressed in terms of the budget authorized for that work |
| Earned Value Management (EVM) | A methodology that combines scope, schedule, and resource measurements |
| Executing Process Group | Processes performed to complete the work defined in the project management plan |
| Feasibility Study | An assessment of the practicality of a proposed plan or project |
| Fishbone Diagram | A visual identification of many potential causes of a problem |
| Float | The amount of time that a task in a project network can be delayed without causing a delay to subsequent tasks |
| Gantt Chart | A type of bar chart that illustrates a project schedule |
| Human Resource Management | Organizing, managing, and leading the project team |
| Initiating Process Group | Processes performed to define a new project or phase by obtaining authorization |
| Integration Management | Ensuring that the various elements of the project are properly coordinated |
| Issue Log | A project document where all issues are recorded and tracked |
| Key Performance Indicators (KPIs) | Quantifiable measures used to evaluate the success of an organization or project |
| Kickoff Meeting | The first meeting with the project team and the client |
| Lessons Learned | Knowledge gained during a project which shows how project events were addressed |
| Monitoring and Controlling Process Group | Processes required to track, review, and regulate the project |
| Monte Carlo Simulation | A process that generates hundreds or thousands of probable performance outcomes |
| Performance Reporting | Collecting and distributing performance information |
| PERT Chart | A project management tool used to schedule, organize, and coordinate tasks |
| Planned Value (PV) | The authorized budget assigned to scheduled work |
| Planning Process Group | Processes required to establish the scope, objectives, and course of action |
| Procurement Management | Acquiring goods and services from outside the performing organization |
| Product Scope | The features and functions that characterize a product |
| Program Management | The process of managing multiple related projects |
| Project Budget | The total amount of authorized financial resources for the project |
| Project Charter | A document issued by the project initiator or sponsor |
| Project Dashboard | A visual representation of the project’s progress and performance |
| Project Governance | The framework within which project decisions are made |
| Project Lifecycle | The series of phases that a project goes through from initiation to closure |
| Project Management Plan | The document that describes how the project will be executed, monitored, and controlled |
| Project Manager | The person assigned by the performing organization to achieve the project objectives |
| Project Milestones | Significant points or events in the project schedule |
| Project Phases | Divisions within a project where extra control is needed to manage the completion of a major deliverable |
| Project Portfolio Management | The centralized management of one or more portfolios to achieve strategic objectives |
| Project Schedule | The planned dates for performing activities and the planned dates for meeting milestones |
| Project Scope Statement | The description of the project scope, major deliverables, assumptions, and constraints |
| Project Sponsor | A person or group who provides resources and support for the project |
| Project Team | The group of individuals performing the work of the project |
| Project Timeline | A graphical representation of a chronological sequence of project events |
| Quality Assurance | The process of auditing the quality requirements and results |
| Quality Control | The process of monitoring and recording results of executing quality activities |
| Quality Management | Determining quality policies, objectives, and responsibilities |
| RACI Matrix | A matrix that shows the Responsibility, Accountability, Consultation, and Informed statuses for tasks |
| Resource Allocation | Assigning available resources in an efficient manner |
| Resource Breakdown Structure (RBS) | A hierarchical representation of resources by category and type |
| Responsibility Assignment Matrix (RAM) | A grid that shows the project resources assigned to each work package |
| Risk Acceptance | A risk response strategy that involves acknowledging the risk and not taking any action unless it occurs |
| Risk Avoidance | Changing the project plan to eliminate the risk |
| Risk Management | Identifying, analyzing, and responding to project risks |
| Risk Mitigation | Reducing the impact of a risk event by reducing the probability of its occurrence |
| Risk Probability and Impact Matrix | A grid for mapping the probability of each risk occurrence and its impact on project objectives |
| Risk Register | A document in which the results of risk analysis and risk response planning are recorded |
| Risk Transfer | Shifting the impact of a risk to a third party |
| Schedule Baseline | The approved version of the project schedule |
| Scope Baseline | The approved version of a scope statement, WBS, and WBS dictionary |
| Scope Creep | The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources |
| Scope Management | Ensuring the project includes all the work required, and only the work required |
| Scope Verification | The process of formalizing acceptance of the completed project deliverables |
| Stakeholder Analysis | A technique used to identify the interests and influence of various stakeholders |
| Stakeholder Management | Identifying all people or organizations impacted by the project |
| Stakeholder Register | A project document including the identification, assessment, and classification of project stakeholders |
| SWOT Analysis | A technique to identify Strengths, Weaknesses, Opportunities, and Threats |
| Time Management | Ensuring timely completion of the project |
| Triple Constraint | The balance of the project\s scope, schedule, and cost |
| Variance Analysis | The comparison of planned project results with actual project results |
| Work Breakdown Structure (WBS) | A hierarchical decomposition of the total scope of work to accomplish the project objectives |
Master essential project management concepts with a flashcard deck designed to help PMP exam preparation. Covers process groups, knowledge areas, tools, techniques, and key terms like WBS, EVM, and risk management strategies. Ideal for understanding project scope, schedule, cost controls, and stakeholder engagement. Boost your knowledge on project processes, phases, deliverables, and methodologies critical for successful project execution and certification readiness.