PMP Exam & PMBOK Guide 8th Edition

Cards · 60

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 requirements.

Program

A group of related projects, subsidiary programs, and activities managed in a coordinated way to obtain benefits.

Portfolio

Projects, programs, and operations managed as a group to achieve strategic objectives.

Value Delivery System

The collection of strategic business activities working together to create, sustain, and deliver value.

Product

An artifact produced that can be either an end item in itself or a component item, quantified and either tangible or intangible.

Stewardship Principle

Be a diligent, respectful, and caring steward; act responsibly and uphold integrity, care, and compliance.

Team Principle

Create a collaborative project team environment that fosters shared responsibility, mutual respect, and accountability.

Stakeholders Principle

Effectively engage with stakeholders to understand their interests, needs, and influence on project success.

Value Principle

Focus on value; continually align project outputs to business objectives and expected benefits.

Systems Thinking Principle

Recognize, evaluate, and respond to dynamic system interactions within and external to the project.

Leadership Principle

Demonstrate and adapt leadership behaviors according to team needs and project context, encouraging motivation.

Tailoring Principle

Tailor approaches based on context, goals, stakeholders, governance, and environment to optimize delivery.

Quality Principle

Build quality into processes and deliverables to satisfy stated and implied stakeholder requirements.

Complexity Principle

Navigate complexity by continually assessing project environment, human behavior, and system ambiguity.

Risk Principle

Optimize risk responses by addressing both individual threats and opportunities proactively.

Adaptability and Resiliency Principle

Embrace adaptability and resiliency to help the organization and team recover from setbacks and adapt to change.

Change Principle

Enable change to achieve the envisioned future state and maximize the benefits realized by the organization.

Stakeholder Performance Domain

Addresses activities associated with establishing and maintaining productive working relationships with stakeholders.

Team Performance Domain

Focuses on supporting project team members, encouraging leadership, and fostering high team performance.

Development Approach and Life Cycle Domain

Defines the delivery cadence, lifecycle phases, and methodology (predictive, adaptive, or hybrid).

Planning Performance Domain

Focuses on the ongoing coordination and development of project artifacts that guide delivery throughout the project.

Project Work Performance Domain

Addresses managing physical resources, procurement, capability building, and day-to-day project operations.

Delivery Performance Domain

Focuses on meeting requirements, scope, quality standards, and achieving expected business deliverables.

Measurement Performance Domain

Focuses on assessing project performance and implementing appropriate responses using metrics and indicators.

Uncertainty Performance Domain

Addresses the environment of ambiguity, volatility, complexity, and risks inherent in project execution.

Predictive Approach

A development approach where scope, time, and cost are determined in the early phases (waterfall).

Adaptive Approach

An iterative and incremental approach where requirements and solutions evolve through collaborative team efforts.

Hybrid Approach

A combination of predictive and adaptive approaches tailored to specific project components.

Cadence

A rhythm of activities conducted across the project, such as delivery cycles, iterations, or releases.

Project Charter

A document issued by the initiator or sponsor that formally authorizes the existence of a project.

Work Breakdown Structure (WBS)

A hierarchical decomposition of the total scope of work to be carried out by the team to achieve goals.

Work Package

The lowest level of the Work Breakdown Structure for which cost and duration can be estimated and managed.

Scope Creep

The uncontrolled expansion of product or project scope without adjustments to time, cost, and resources.

Critical Path Method (CPM)

A schedule technique estimating minimum project duration and schedule flexibility by identifying the longest task path.

Total Float

The amount of time a schedule activity can be delayed without delaying the project finish date.

Free Float

The amount of time a schedule activity can be delayed without delaying the early start date of any successor.

Earned Value Analysis (EVA)

A method that integrates project scope, schedule, and cost metrics to assess project performance.

Planned Value (PV)

The authorized budget assigned to scheduled work to be accomplished within a specific timeframe.

Earned Value (EV)

The measure of work performed expressed in terms of the budget authorized for that work.

Actual Cost (AC)

The realized cost incurred for work performed on an activity during a specific time period.

Cost Variance (CV)

The difference between earned value and actual cost (CV = EV - AC); positive indicates under budget.

Schedule Variance (SV)

The difference between earned value and planned value (SV = EV - PV); positive indicates ahead of schedule.

Cost Performance Index (CPI)

A measure of cost efficiency calculated as earned value divided by actual cost (EV / AC); greater than 1 is good.

Schedule Performance Index (SPI)

A measure of schedule efficiency calculated as earned value divided by planned value (EV / PV); greater than 1 is good.

Estimate at Completion (EAC)

The expected total cost of completing all work expressed as the sum of actual costs and future estimates.

Quality Assurance

Activities that ensure operational processes meet established quality standards and compliance targets.

Quality Control

The process of monitoring and recording results of executing quality activities to verify deliverable correctness.

Servant Leadership

A leadership style prioritizing team needs, removing obstacles, and empowering members to do their best work.

Tuckman Ladder

The five stages of team development: Forming, Storming, Norming, Performing, and Adjourning.

Risk Appetite

The degree of uncertainty an organization or individual is willing to accept in anticipation of a reward.

Risk Register

A project document containing results of qualitative and quantitative risk analysis along with response plans.

Residual Risk

The risk that remains after risk responses have been planned and implemented.

Secondary Risk

A new risk that arises as a direct outcome of implementing a risk response.

Contingency Reserve

Budget or schedule allocated for identified risks that have active response strategies (known-unknowns).

Management Reserve

Budget or schedule withheld for unforeseen work within scope not accounted for in baseline (unknown-unknowns).

Definition of Done (DoD)

A shared checklist of criteria that a deliverable must satisfy before the team considers it complete.

Definition of Ready (DoR)

The criteria a user story or backlog item must meet before being pulled into an active iteration.

Burnup Chart

A graphical representation showing work completed toward total project scope over time.

Burndown Chart

A chart showing remaining work over time, highlighting whether the team is on track to finish by the iteration end.