Term
|
Definition
| A temporary endeavor undertaken to create a unique product, service, or result. |
|
|
Term
| Why are projects initiated? |
|
Definition
| To fulfill objectives and produce deliverables. |
|
|
Term
|
Definition
| Any unique and verifiable product, result, or capability to perform a service required to complete a process, phase or project? |
|
|
Term
|
Definition
An outcome toward which work is being direct. Something to achieve.
(Targeted work to produce an outcome) |
|
|
Term
| What is business value in projects? |
|
Definition
| Refers to the benefit that the results of a specific project provide to stakeholders. |
|
|
Term
| What are the four factors that cause a need for a project? |
|
Definition
1. Meet Regulatory, legal, or social requirements.
2. Satisfy stakeholders requests or needs.
3. Implement or change business or technology strategies.
4. Create, improve, or fix products, processes, or services. |
|
|
Term
| What should the four factors that cause the need for a project link to? |
|
Definition
| Strategic objectives of the organization and business value of each project. |
|
|
Term
| List 13 example factors associated with causing the need for a project |
|
Definition
1. Business Process Improvements
2. Legal Requirements
3. Economic Changes
4. Strategic Opportunity
5. Social Needs
6. Political Changes
7. Environmental Consideration
8. Customer Request
9. Stakeholder Demands
10. New Tech
11. Material Issues
12. Market Demand
13. Competitive Forces |
|
|
