Project Management Chapter 1 Vocab

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Best Practice
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An optimal way recognized by industry to achieve a stated goal or objective
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Critical Path
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The longest path through a network diagram that determines the earliest completion of a project
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Enterprise Project Management Software
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Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization; AKA portfolio project management software
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Ethics
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A set of principles that guides decision making based on personal values of what is considered right and wrong
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Gantt Chart
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A standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in calendar form
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Leader
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A person who focuses on long-term goals and big-picture objectives while inspiring people to reach those goals
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Manager
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A person who deals with the day-to-day details of meeting specific goals
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Portfolio Project Management Software
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Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization AKA enterprise project management software
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Program
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A group of projects managed in a coordinated way to obtain benefits and control that are not available from managing projects individuallys
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Program Manager
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A person who provides leadership and direction for the project manager heading the projects within a program
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Project
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A temporary endeavor undertaken to create a unique product, service, or result
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Project Management
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The application of knowledge, skills, tools, and techniques to project activities to meet project requirements
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Project Management Institute (PMI)
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An international professional society for project managers
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Project Management Knowledge Areas
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Project integration management, scope, time, cost, quality, human resource, communications, risk, procurement, and stakeholder management
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Project Management Office (PMO)
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An organizational group responsible for coordinating the project management functions throughout an organization
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Project Management Professional (PMP)
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Certification provided by PMI that requires documenting project experience and education, agreeing to follow the PMI code of ethics, and passing a comprehensive exam
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Project Management Tools and Techniques Methods available to assist project managers and their teams;
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Methods available to assist project managers and their teams; some popular time-management tools include Gantt charts, network diagrams and critical path analysis
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Project Manager
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The person responsible for working with the project sponsor, the project teams, and the other people involved to meet project goals
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(Project) Portfolio Management
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When organizations group and manage projects as a portfolio of investments that contribute to the entire enterprise’s success
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Project sponsor
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The person who provides the direction and funding for a project
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Stakeholders
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People involved in or affected by project acvtivities
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Triple Constraint
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Balancing scope, time, and cost goals

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