Man 4583 - Study guides, Class notes & Summaries

3 personal skills you need to be a good PM? 1. Knowledge 2. Performance 3. Personal Skills What are the Enterprise Environmental Factors? People Market Databases Standards Risk Tolerance Enterprise Environmental Factor: People The skills and organizational culture where you work. Enterprise Environmental Factor: Market The way your company is performing in the market can affect the way you manage your project. Enterprise Environmental Factor: Databases Where your company stores its data can ...

WBS breaks down into ____ rather than ___ deliverables; activities when defining work activities it is essential to involve the people who will actually be performing the project work how do you define a work activity give activity a name; short & starts with a verb Sequencing work activities put work activities in a logical order you should sequence activities so that they are done ASAP Who should create estimates for activity durations those who will be performing the activities overesti...

Stages of Project Team Development forming, storming, norming, performing, adjourning Forming team first come together Storming team figures out how to work together Norming team settles in with each other Performing team is self-managing Adjourning work is done and team is complete and can disband Operations Work that's the same day after day, producing the same results Ex: Admitting patients into the hospital What is a project? A temporary endeavor that has a specific and unique goal,...

Which of the following represents an activity on an AON project network? - A node When translated into a project network, a work package will become - one or more activities Which of the following is provided by both the project network and the work breakdown structure? - activity duration On a project network, the activity times are derived from the - work package An activity that has more than one dependency arrow flowing into it is termed a - merge activity Which of the followi...

What constitutes a project? • Temporary endeavor: beginning and end • Creates a unique product • Not a continuous operation What is a project? A project is a unique endeavor that has a specific goal, a beginning and an end, and usually a budget. Explain the role of a Project Manager: • Assigned to achieve project objectives • Leads project team • Organizes project resources • Can manage project at varying levels of complexity • Can manage projects in different industries Water...

Describe what constitutes a project: -A non-routine, one-time effort limited by time, budget, resources and performance specifications designed to meet customer needs Explain the role of the project manager and key stakeholders: Project manager: assigned to achieve project objectives leads project team organizes project resources can manage project at varying levels of complexity can manage projects in different industries Stakeholders: persons or organizations actively involved in the project...

Creating the project schedule is incredibly important because once your sponsor approves it, the schedule will serve as a baseline for all the project work you and your team perform. List each activity on its own post-it note, and make sure that each activity has a name (the more self-explanatory, the better!) that is that is short and begins with a verb. String electrical wires (SEW) put any activities that can start immediately (in other words, they don't depend on any other project activi...

estimates During project selection and chartering, very rough ___________ of cost were considered to determine if the project's benefits would be worth the investment. planning Now, in the detailed ______________, more comprehensive cost estimates are developed to once again determine if the project's benefits are wroth the investment. cash flow; resources The project budget will be used to manage ______________ ____________ and guide decisions about how to use __________________ on the proj...

Planned value the budget for the project based on how much work should be complete overtime Actual cost How much we have spent to date on project for work that's complete Earned value management project management methodology, integrates scope, time and cost to accurately measure current project performance and realistically predict future performance true Without Earned Value Management its impossible to understand the status of a project Planned value How much should be complete as of tod...

Known unknowns risks you are aware of like weather delays, technology, widely dispersed project team, deliverable issues, limited options Unknown unknowns risks you can't predict and they come from super unlikely events like 9/11 event and you plan for them by setting up contingency funds based on past experiences. Risk management plan documents which risks to worry about and how you will handle them 1. evaluate risk 2. rate risk by probability and impact plan for risks of 9 or more risk res...