MIS 340 Exam 1 - Velasco
Terms in this set (41)
A temporary endeavor undertaken to create a unique product, service, or result.
An individual, group, or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio.
The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.
An individual or a group that provides resources and support for the project, program, or portfolio, and is accountable for enabling success.
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Project Management Plan
The document that describes how the project will be executed, monitored, and controlled, and closed.
Project life cycle
The series of phases that a project passes through from its initiation to its closure.
Characteristics of a project
Projects are unique
- In project deliverables
One of a kind: never done before
One of a kind: variation on similar projects
- Conduct of new project
New requirements in operations, stakeholder relationships, and resources
Do you have the:
Project management life cycle
Initiate- potential projects are identified and evaluated in terms of importance to the organization
Plan- Scope, time, cost and risk management planning
Execute: project plan is followed
Control- project performance is measured against the project plan
Close- Final paper work completed and sign off by all stakeholders
Project management office
A management structure that standardizes the project related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.
A group of related projects, subprograms, and program activities that are managed in a coordinated way to obtain benefits not available from managing them individually.
Projects, programs, sub portfolios, and operations managed as a group to achieve strategic objectives
A project has:
-is developed using progressive elaboration or in an iterative fashion
-should have a primary customer or sponsor
Every project is constrained in different ways. Some project managers focus on the triple constraint (scope, time, & cost goals)
Scope- what work will be done as part of the project
Time- how long should it take
Cost- What should it cost to complete the project
Methods for selecting projects
- Focus on competitive strategy and broad organizational needs
- Perform net present value analysis or other financial projections
- Use a weighted scoring Model
- Implement a balanced scorecard
- Address problems
- Consider project time frame
The application of knowledge, skills, tools, and techniques to a program to meet the program requirements and to obtain benefits and control not available by managing projects individually
The centralized management of one or more portfolios to achieve strategic objectives
Collection of user stories that need to be addressed to consider the effort complete
Used to track process steps
Work in progress limit
In kanban, all thats limited is the size of the queues. This means that you can change the items in the queues at any time, and that there is no "sprint end." The work just keeps flowing.
is a tool used in Agile software development to capture a description of a software feature from an end-user perspective. The user story describes the type of user, what they want and why. A user story helps to create a simplified description of a requirement.
A fixed length work period in which items taken from the backlog are satisfied. An agile project is a sequence of sprints
you select the work you'll be doing for the next sprint beforehand
is an iterative approach to planning and guiding project processes. Just as in agile software development, an agile project is completed in small sections called iterations
Product owner- the customer
Scrum team- performs the work directed by the customer
Scrum Master- Guides the agile execution
Agile vs Waterfall
Agile is faster better and cheaper
Process developed by Taiichi Ohno at Toyota to find a system to improve and maintain a high level of production.
Utilizes a "pull" system based on the actual demand of the customers (make what's needed instead of making all we can just in case).
A method for JIT (just-in-time) production.
The approved version of a scope statement, work breakdown structure, and its associated WBS dictionary that can be changed using normal change control procedures and is used as the basis for comparison to actual results.
the uncontrolled expansion to product or project scope without adjustments to time, cost, resources
A document issued by the project initiator that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Project scope statement
A description of the project scope, major deliverables, assumptions and constraints
Stakeholder management plan
a component of the project management plan that describes how stakeholders will be engaged in project decision making and execution.
mission statement- a statement that makes it clear what business the company is in
objective statements- series of statements that express an organization's qualitative and quantitative goals for reaching a desired future position
competitive strategy- method by which an organization attempts to achieve its mission and objectives
-Legal and contractual
Generic planning methodology that attempts to gain a broad understanding of the area needs of the entire organization
Generic planning methodology that identifies and defines projects based upon solving operational business problems or taking advantage of some business opportunities
Justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project
Benefits- benefit derived from the creation of a project that can be measured in dollars and with certainty
Costs- Cost associated with an information system that can be measured in dollars and with certainty
Benefits- benefit derived from the creation of a project that cannot be easily measured in dollars or with certainty
Costs- Cost associated with an information system that cannot be easily measured in terms of dollars or with certainty
Baseline project plan
Documents the best estimate of a projects scope, benefits, costs, risks, and resource requirements
Is a technique for analyzing info to determine the stakeholders interests to focus on and how to increase stakeholder support