[ITEC 3505] - Midterm Exam Guide - Comprehensive Notes for the exam (12 pages long!)

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Document Summary

Project: temporary endeavor undertaken to create a unique product, service, or result. Operations: work done to sustain the business. Projects end when their objectives have been reached/project has been terminated. Has a unique purpose, is temporary, is developed using progressive elaboration. Should have a primary customer or sponsor: project sponsor: usually provides the direction and funding for the project. Project managers: work with project sponsors, project team, and other people involved in a project to meet project goals. Program: group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Project management: application of knowledge, skills, tools and techniques to project activities to meet project requirements. Triple constraint (balancing the following): project scope, time, cost goals. Stakeholders: people involved in or affected by project activities. Knowledge areas: describe the key competencies that project managers must develop.

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