business value Correct Answer: the entire value of a business; the total sum of all tangible and intangible elemtns
colocation Correct Answer: project team members are physically located close to one another in orde
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business value Correct Answer: the entire value of a business; the total sum of all tangible and intangible elemtns
colocation Correct Answer: project team members are physically located close to one another in order to improve communication, working relations, and productivity.
constraint Correct Answer: restriction or limitation that may force a certain course of action or inaction
Enterprise Environmental Factors Correct Answer: external or internal factors that can influence a projects sucess
good practice Correct Answer: a specific activity or application of a skill, tool, or technique that has been proven to contribute positively to the execution of a process
Operations Correct Answer: ongoing work performed by people, constrained by resources, planned, executed, monitored and controlled. unlike a project, operations are repetitive- day to day business
organizational process assets Correct Answer: any formal or informal processes, plan, policies, procedures, guidelines, and on going or historical project ino (lessons learned, measurement data, project files, estimates versus actuals)
portfolio Correct Answer: collection of projects, projects, and additional work.
product life cycle Correct Answer: collection of stages that make up the life of a product. Typically: introduction, growth, maturity, and retirement.
program Correct Answer: group of related project managed in a coordinated way. e.g. the design and creation of the prototype for a new airplane is a project, while manufacturing 99 more airplanes of the same model is a program
progressive elaboration Correct Answer: increasing the level of detail in a project management plan as greater amounts of info and more accurate estimates become available
project life cycle Correct Answer: collection of various phases that make up a project. (accomplished through the 5 process groups)
standard Correct Answer: document that describes rules, guidelines, methods, processes, and practices that can be used repeatedly to enhance the chances of success.
Subproject Correct Answer: a component of a project. Can be contracted out to an external enterprise or to another functional unit.
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