Chapter 1: Introduction to Project Management

Knowledge Area: Human Resource

Concerned with making effective use of the people involved with the project

Knowledge Area: Cost Management

Consists of preparing, managing the budget for the project

Knowledge Area: Quality Management

Ensures that the project will satisfy the stated or implied needs for which it was undertaken

Knowledge Area: Time Management

Estimating how long it will take to complete the work, developing an acceptable schedule, ensuring timely completion

(T/F) The primary role of project stakeholder management is to ensure that the project will satisfy the stated needs for which it was undertaken.

False

Triple Constraint: Time

How long should it take to complete the project

Knowledge Area: Stakeholder Management

Identifying and analyzing stakeholder needs while managing and controlling their engagement

Knowledge Area:Risk Management

Identifying, analyzing, and responding to risks related to the project

Knowledge Area: Project procurement

Involves acquiring or procuring goods and services for a project

Knowledge Area: Scope Management

Involves defining/managing all the work required to complete the project successfully

Knowledge Area: Communication Management

Involves generating, collecting, disseminating, and storing project information

Project Tools/Techniques

Methods to assist project managers and their teams,

The Role of the Project Manager

Organized goal-oriented individuals who drive business results by leading projects. They are also change agents

Knowledge Area: Integration Management

Overarching function that affects and is affected by all of the other knowledge areas

Project Management (Tactical goals)

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements

Triple Constraint: Cost

What should it cost to complete the project?

Triple Constraint: Scope

What work will be done as part of the project

Portfolio Project Management (Strategic Goals)

When organizations group and management projects as a portfolio of investments that contribute to the entire enterprise success

Some projects have a senior manager called a(n)_____ who acts as a key proponent for a project.

champion

Program

group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually

_____ software integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization.

portfolio project management