MIS Chapter 1

project and portfolio management software

Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization; also called enterprise project management software

enterprise project management software

Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization; also called portfolio project management software

leader

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

ethics

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

best practice

an optimal way recognized by industry to achieve a stated goal or objective

project management office

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

Gantt chart

A standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format; sometimes referred to as bar charts

project

A temporary endeavor undertaken to create a unique product, service, or result.

triple constraint

Balancing scope, time, and cost goals

project management professional

Certification provided by PMI that requires documenting project experience and education, agreeing to follow the PMI code of ethics, and passing a comprehensive exam

stakeholders

People involved in or affected by project activities

project management knowledge areas

Project integration management, scope, time, cost, quality, human resource, communications, risk, procurement, and stakeholder management

project manager

The person responsible for working with the project sponsor, the project team, and the other people involved in a project to meet project goals

project sponsor

The person who provides the direction and funding for a project

program

A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually.

manager

A person who deals with the day-to-day details of meeting specific goals

program manager

A person who provides leadership and direction for the project managers heading the projects within a program

project management institute

An international professional society for project managers

project management tools and techniques

Methods available to assist project managers and their teams; some popular time-management tools include Gantt charts, network diagrams, and critical path analysis

project management

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

project portfolio management

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

critical path

the series of activities in a network diagram that determines the earliest completion of the project; it is the longest path through the network diagram and has the least amount of slack or float