CVL 742 Study Guide - Final Guide: Project Stakeholder, Historical Cost, Subcontractor

• School: Ryerson University
• Department: Civil Engineering
• Course: CVL 742
• Professor: Dr. Marwa Ahmed

Document Summary

Project: temporary endeavor undertaken to create a unique product, service or result. Management: act of getting people together to accomplish desired goals and objectives effectively and efficiently. Project management: application of knowledge, skills, tools and techniques to project activities to meet project requirements. Includes factors such as environment, general knowledge, application/standards/regulations, technical (scope, wbs, schedule) and sociocultural (leadership, problem solving, teamwork, politics) Operations/repetitive: work that is on-going and repetitive. Programs: group of related projects, subprograms, and program activities managed in a coordinated way to obtain more benefits. Portfolios: collection of projects, programs, sub-portfolios and operations managed as a group to achieve strategic objectives. Project management: focuses on project interdependencies and helps determine the approach to manage them. Portfolio management: focuses on selecting and prioritizing projects and programs, and providing necessary resources to support the selected projects and programs. Better impact when works with project team: project team.