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Program Management Essay

1482 words - 6 pages

1. Prepare opening comments that give the class an overview of project management.
To understand what project management is we must first define what a project is. A project is a structured coordinated series of event, which result in a final deliverable. The deliverable in questions can be service oriented or produce a product to be delivered. A defined project will typically have a predetermined start and end date for the tasks within the project and the project itself. Additionally a project will normally be established to complete one goal that multiple tasks associated with it. A project does not have size limitations when it comes to resources, building a playground or building ...view middle of the document...

( Project Management Institute, 2015)
2. Provide the class with a glossary of the most important project management terms and definitions.
The below table represents some of the key terms that are important to project management. (Project Management Institute., 2013)
Acceptance Criteria A set of conditions that is required to be met before deliverables are accepted.
Actual Cost The realized cost incurred for the work performed on an activity during a specific time period
Baseline The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.
Change Control A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected.
Communication Management Plan A component of the project, program, or portfolio management plan that describes how, when, and by whom information will be administered and disseminated.
Cost Management Plan A component of a project or program management plan that describes how costs will be planned, structured, and controlled.
Crashing A technique used to shorten the schedule duration for the least incremental cost by adding resources.
Critical Path The sequence of activities that represents the longest path through a project, which determines the shortest possible duration.
Early Finish Date In the critical path method, the earliest possible point in time when the uncompleted portions of a schedule activity can finish based on the schedule network logic, the data date, and any schedule constraints.
Early Start Date In the critical path method, the earliest possible point in time when the uncompleted portions of a schedule activity can start based on the schedule network logic, the data date, and any schedule constraints.
Earned Value Management A methodology that combines scope, schedule, and resource measurements to assess project performance and progress.
Finish-to-Finish A logical relationship in which a successor activity cannot finish until a predecessor activity has finished.
Finish-to-Start A logical relationship in which a successor activity cannot start until a predecessor activity has finished.
Lessons Learned The knowledge gained during a project which shows how project events were addressed or should be addressed in the future for the purpose of improving future performance
Project A temporary endeavor undertaken to create a unique product, service, or result.
Project Management The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
Project Management Office A management structure that standardizes the project-related governance processes and facilitates the sharing of resources,...

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