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IT Project Management Essentials
This deck covers key concepts in IT project management, including project definitions, strategic alignment, project life cycles, methodologies, and the roles of project managers. It also explores project selection methods, the triple constraint, and modern adaptations in project management.
What defines a project in project management?
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Key Terms
Term
Definition
What defines a project in project management?
A project is a temporary endeavor undertaken to create a unique product, service, or result.
How do projects differ from operations?
Projects are temporary and aim to achieve a specific objective, while operations are ongoing and aim to sustain the business.
What is the strategic role of IT projects?
IT projects execute organizational strategy and can achieve goals like market share increase, cost reduction, and regulatory compliance.
What are the three types of organizational structures in project management?
Functional, Projectized, and Matrix structures.
What is the Triple Constraint in project management?
The Triple Constraint refers to the interdependent variables of Scope, Time, and Cost that constrain project success.
What are the two main project selection methods?
Financial Models (e.g., NPV, ROI) and Scoring Models.
Related Flashcard Decks
| Term | Definition |
|---|---|
What defines a project in project management? | A project is a temporary endeavor undertaken to create a unique product, service, or result. |
How do projects differ from operations? | Projects are temporary and aim to achieve a specific objective, while operations are ongoing and aim to sustain the business. |
What is the strategic role of IT projects? | IT projects execute organizational strategy and can achieve goals like market share increase, cost reduction, and regulatory compliance. |
What are the three types of organizational structures in project management? | Functional, Projectized, and Matrix structures. |
What is the Triple Constraint in project management? | The Triple Constraint refers to the interdependent variables of Scope, Time, and Cost that constrain project success. |
What are the two main project selection methods? | Financial Models (e.g., NPV, ROI) and Scoring Models. |
What is the purpose of a Project Charter? | The Project Charter formally authorizes a project and provides the project manager with authority to apply resources. |
What is scope creep? | Scope creep refers to uncontrolled changes or continuous growth in a project's scope, often leading to project failure. |
What is the role of a Project Sponsor? | The Project Sponsor is a high-level executive who provides financial resources, champions the project, and issues the Project Charter. |
What is Earned Value Management (EVM)? | EVM is a project management technique that integrates scope, schedule, and cost to assess project performance and progress. |