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Chapter1 Summary - 9 knowledge areas • Project Management...

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Chapter 1 Summary: Introduction to Project Management Key Terms Ethics - a set of principles that guide our decision making based on personal values of what is "right" and "wrong". Leader - A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach these goals. Manager- a person who deals with the day-to-day details lf meeting specific goals. Program- a group of projects managed in a coordinated way. Project - a temporary endeavor undertaken to create a unique product, service or result. Project Management - the application of knowledge, skills, tools and techniques to project activities in order to meet project requirements. Project Management Institute (PMI)- international professional society for project managers. Project Management knowledge areas- 4 core areas (scope, time, cost, quality), 4 facilitating areas (human resource, communications, risk, procurement), and integration. Total:
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Unformatted text preview: 9 knowledge areas. • Project Management Office (PMO)- an organizational group responsible for coordinating project functions throughout an organization. • Project Management Professional (PMP)- certification provided by PMI based on experience and education, passing a comprehensive exam and agreeing to follow the PMI code of ethics. • Project manager- the person responsible for working with the project sponsor, the project team and other people to meet project goals. • Project portfolio management- when organizations group and manage projects as a portfolio of investments. • Project sponsor- the person who provides the direction and funding for a project. • Stakeholders- people involved in or affected by project activities. • Triple constraint- balancing scope, time and cost goals. Key charts and figures • 1-1: The triple constraint (p. 9) • 1-2: Project management framework (p. 11)...
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Chapter1 Summary - 9 knowledge areas • Project Management...

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