Project Management: Chapter 1

PMBOK Guide
The PMI publication that defines widely accepted project management practices.
Application Areas
The areas of expertise, industry, or function where a project is centered.
Ex: architecture, IT, healthcare, and manufacturing.
CAPM
A person who has slightly less project management experience than a PMP, but who has qualified for and then passed the CAPM exam.
Cultural and Social Enviroment
Defines how a project affects people and how those people may affect the project. These environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project.
Deliverable
A product, service, or result created by a project. Projects can have multiple deliverables.
General Management Skills (10)
These include the application of:
accounting
procurement
sales and marketing
contracting
manufacturing
logistics
strategic planning
human resource management
standards and regulations
Information Technology (IT)
International and Political Environment
The consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-collocated issues that affect a project’s ability to progress.
Interpersonal Skills
The ability to interact, lead, motivate, and manage people.
Iron Triangle of Project Management
A triangle of the characteristics of time, cost, and scope. Time, cost, and scope each constitute one side of the triangle. The project will suffer if any side of the triangle is out of balance with the other sides. (AKA: the Triple Constraints of Project Management)
Physical Environment
The physical structure and surroundings that affect a project’s work.
Program
A collection of related projects working in unison towards a common deliverable.
Progressive Elaberation
The process of gathering project details. This process uses deductive reasoning, logic, and a series of info gathering techniques to identify details about a project, product, or solution.
Project
A temporary endeavor to create a unique product, service, or result. The end result of a project is called a deliverable.
Project Environment
The location and culture of the environment where the project work will reside. The project environment includes the social, economic, and environmental variables the project must work with or around.
PMI
An organization of project management professionals from around the world, supporting and promoting the careers, values, and concerns of project managers.
PMO
A central office that oversees all projects within an organization or within a functional department. A PMO supports the project manager through software, training, templates, policies, communication, dispute resolution, and other services.
PMP
A person who has proven project management experience and has qualified for and then passed the PMP exam.
Project Portfolio Management
The management and selection of projects that support an organization’s vision and mission. It is the balance of project priority, risk, reward, and return on investment. This is a senior management process.
Subprojects
A smaller project managed within a larger, parent project. Sub-projects are often contracted work whose deliverable allows the larger project to progress.