Progressive elaboration Study guides, Class notes & Summaries

What is a project? Ans: A temporary sequence of related activities that create a unique product or service. What is project management? Ans: The application of knowledge, skills, tools and techniques to project activities to reach project requirements. As Discussed in class, what are the 8 key characteristics of a project? Ans: - Temporary - Unique - Single Unique Purpose - Progressive Elaboration - Has a primary sponsor - Has constraints and risks - Does something, delivers somet...

Progressive Elaboration - ️️"Developing in steps and continuing in increments" Scope broadly described early in the project, made mroe explicit & detailed as the team develops a better & more complete understanding of the objectives & deliverables Project - ️️A temporary endeavor underatken to create a unique product, service or result. Has a definite beginning and end. Is a means of organizing activities that cannot be addressed within the organization's normal operational limits...

ITPM Exam Questions with 100% Correct Answers b. 25 percent - answer1. Approximately what percentage of the world's gross domestic product is spent on projects? a. 10 percent b. 25 percent c. 50 percent d. 75 percent c. Lower cost of capital - answer2. Which of the following is not a potential advantage of using good project management? a. Shorter development times b. Higher worker morale c. Lower cost of capital d. Higher profit margins c. project - answer3. A ___ is a temporary ...

The project manager and team should consider each process along with its inputs, tools and outputs. As a result, they should choose which are applicable. This effort is known as - Tailoring In Initiating, a project charter is created. According to the PMBOK, which person or group may help write the charter? - Project management team The Monitoring and Controlling Process Group involves: - Tracking, reviewing, and orchestrating the progress of the project Much information is collected an...

Process A package of inputs, tools, and outputs used together to perform something valuable and necessary for a project. How many unique PMI processes are there? There are 49 unique PMI processes covered on the PMP exam. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brainpower Read More Project A time-limited undertaking to deliver a unique product, service, or outcome. - "Time-limited" means that this is temporary...

ITPM Exam Questions with 100% Correct Answers b. 25 percent - answer1. Approximately what percentage of the world's gross domestic product is spent on projects? a. 10 percent b. 25 percent c. 50 percent d. 75 percent c. Lower cost of capital - answer2. Which of the following is not a potential advantage of using good project management? a. Shorter development times b. Higher worker morale c. Lower cost of capital d. Higher profit margins c. project - answer3. A ___ is a temporary ...

A Guide to the Project Management Body of Knowledge (PMBOK) - correct answer A PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book. Application areas - correct answer The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, healthcare, or manufacturing. Cert...

A Guide to the Project Management Body of Knowledge (PMBOK Guide) The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exam are based on this book. Application areas The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:15 Full screen Brai...

The project manager and team should consider each process along with its inputs, tools and outputs. As a result, they should choose which are applicable. This effort is known as - ️️Tailoring In Initiating, a project charter is created. According to the PMBOK, which person or group may help write the charter? - ️️Project management team The Monitoring and Controlling Process Group involves: - ️️Tracking, reviewing, and orchestrating the progress of the project Much informati...

A Guide to the Project Management Body of Knowledge (PMBOK) A PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book. Application areas The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, healthcare, or manufacturing. Certified Associate in Project Management (CAPM) A person who has slightly less project management experience than a PMP,...