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PMBOK 2013 5th Edition – CH01 Introduction - PMP Preparation WorksheetChapter 1 – Introduction – Key Points
“Good practice” is set by the PMBOKo Project management team is responsible for determining what is appropriate
A project:o Is temporary
Has a define beginning and end Does not mean short in duration Does not mean short lifespan once project complete Think large scale projects with the products lasting for decades
o Creates a unique product, service or result
Project Management applies:o 47 processeso 5 Process Groups
Initiating Planning Executing Monitoring & Controlling Closing
Relationshipso Portfolio
Goal: Facilitate strategic business objectives How: Collection of Programs and Projects
May not be directly related to each other Example: Infrastructure Investment
o Program Goal: Obtain synergy benefits in a coordinated manner
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How: Group of related projects Example: Satellite system with projects for design, construction, and launch
o Project Defined above
o Project Management Office (PMO) Organizational Body Varying Responsibilities
Provide Project Management Support OR Directly manage projects
o May not be related other than by being managed together Stakeholder authority for key decisions about projects initiation, continuation, or termination
Characteristics of a Project Managero Knowledge
Applies project management knowledgeo Performance
Results of knowledge application are his / her performanceo Personal
Behavior and attitudes Effectiveness and leadership Guides the team and balances constraints
Enterprise Environmental Factorso Internal factors which influence a project
Organizational culture, structure, and processes Existing facilities and equipment Communication channels
o External factors which influence a project Government or industry standards Marketplace conditions Stakeholder risk tolerances