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Baseline
- Scope Baseline - project scope statement, WBS and WBS Dictionary
- Schedule Baseline - the agreed upon schedule
- Cost Baseline - The time phased cost budget
Baselines can be changed but should not be an easy thing to do
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Enterprise Environmental Factors
- aka - company culture and existing systems that the project will have to deal with or can make use of
- also be thought of company baggage that comes with the project
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Historical Records
- Records of past projects
- Activities
- Lessons learned
- WBSs
- Benchmarks
- Reports
- Risks
- Estimates
- Resources needed
- PM Plans
- Correspondence
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Lessons Learned
past lessons learned for use on the current project
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MBO
- Management by Objective
- Est unambiguous and realistic objectives
- Periodically evaluate if objectives are being met
- Implement corrective action
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Organizational Process Assets
Basically it is processes, procedures, and historical information
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Organizational Structures
- Functional
- Projectized
- Matrix
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OPM3
PMI's organizational project management maturity model.
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Portfolio
a group of programs to achieve a specific strategic business goal
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PMO
- Project Management Office
- Provides policies, methodologies, and templates for managing projects within the organization
- Provides support and guidance to others in the organization on how to manage projects
- Provides project managers for different projects and is responsible for the results of those projects
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Program
Group of projects
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Projecct
- A temporary endeavor undertaken to create an unique product, service or result
- Temporary - Has a beginning and an end
- Unique - different in some way from all other products or services
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Project Expeditor
acts primarily as a staff assistant and communications coordinator and can't make or enforce decisions
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Project Coordinator
Has some power to make decisions, some authority and reports to a higher level manager
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Stakeholder
People or organizations whose interest may be positively or negatively impacted by the project
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Tight Matrix
locating the offices for the project team in the same room
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Business Case
- or similar document provides the necessary information from a business standpoint to determine whether or not the project is worth the required investment
- Market demand
- Organizational need
- Customer request
- Technological advance
- Legal Requirements
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Change Control Board
The board is responsible for reviewing and analyzing change request.
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Change Control System - Process for Making Changes
- 1. Evaluate the impact (add 3 weeks to the project)
- 2. Create options (add employee to maintain target dates)
- 3. Get the change request approved interenally
- 4. Get customer buy in
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SOW
Statement of Work - created by the customer/ sponsor and describes their needs, product scope, and how the project fits into their strategic plan
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Sunk Costs
Sunk costs are expended costs - the money spent is gone
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Working Capital
Current assets minus current liabilities for an organization
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Opportunity Costs
Opportunity given up by selecting one project over another. NOT THE DIFFERENCE!!!!
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Economic Value Added
if the project returns to the company more value than it costs
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Defect Repair
A component of the project does not meet specifications
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Project Charter
- Project Title and Description
- Project Manager and Authority Level
- Business Case
- Resources Preassigned
- Stakeholders
- Stakeholder Requirements as known
- Product Descripion/deliverables
- Measurable Project objectives
- Project Approval Requirements
- High level project risks
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Corrective Action
any action taken to bring expected future project performance in line with the project management plan
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