ISM Exam 1

project mngt
functions performed by project manager
1. Choosing strategic projects
2. Setting the project scope
3. Managing resources and maintaining the project plan
Temporary endeavor undertaken to create a unique product, service, or result
project deliverables
any measurable, tangible, verifiable outcome, result, or item that is produced to complete a project or part of a project
project scope
Defines the work that must be completed to deliver a product with the specified features and functions
PERT Chart
(program evaluation and review technique)- graph network that shows tasks and relationship between the tasks. Includes deliverables and critical path
Gantt chart
a simple bar chart that depicts project tasks against a calendar
task dependency
a logical relationship that exists between the project task, or between a project task and a milestone
critical path
a path from the start to the finish that passes through all the tasks that are critical to completing the project in the shortest amount of time
project risk
an uncertain event or condition that, if it occurs, has a positive or negative effect on a project objective
characteristics of a well defined project
easy to understand, easy to read, communicated to all key participants, appropriate to the project's size, complexity, and critically; prepared by the team, rather than by the individual project manager.
SMART criteria
**It is a way of evaluating the objectives or goals for an individual project

Specific, Measurable, Attainable, Relevant, Time-Bound