Chapter 1

project management Institute (PMI)

an international professional Society for project managers founded in 1969, has continued to attract and retain members, reporting more than 380,000 members worldwide by early 2012

Stakeholders

are the people involved in or affected by project activities, and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of the project.

project management tools and techniques

assist project managers and their teams in carrying out work in all 10 knowledge areas.

project management knowledge areas

describe the key competencies that project managers must develop.

triple constraint

every project is constrained in different ways, Often by its scope, time, and cost goals. to create a successful project, a project manager must consider scope, time, and cost and balance these three often-competing goals.

leader

focuses on long-term goals and big picture objectives while inspiring people on to reach those goals.

project portfolio management (portfolio management)

in which organizations group and manage projects and programs as a portfolio of Investments that contribute to the entire enterprise's success.

interprise (portfolio project management software)

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

program

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

ethics

is a set of principles that guides decision making based on personal values of what is considered right and wrong.

Gantt chart

is a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in calendar form.

project

is a temporary Endeavor undertaken to create a unique product, service, or result. Operations, on the other hand, is work done in organizations to sustain the business. Projects are different from operations in that they end when their objectives have been reached or the project has been terminated.

project manager

is crucial to a project's success. Project managers work with the project sponsors, the project team, and the other people involved to meet project goals.

project management office

is in organizational group responsible for coordinating the project management function throughout an organization.

project management

is the application of knowledge, skills, tools and techniques to project activities to meet project requirements.

manager

often deals with the day-to-day details of meeting specific goals.

project manager

provides leadership and direction for the project managers heading the projects within a program.

project management professional (PMP)

someone who has documented sufficient project experience and education, agree to follow the PMI code of professional conduct, and demonstrate knowledge of project management by passing a comprehensive examination.

critical path

the longest path through a network diagram that determines the earliest completion of a project.

project sponsor

usually provides the direction and funding for the project.

quadruple constraints

which includes quality as well as scope, time, and cost.