NATS 1520 Lecture Notes - Lecture 4: Dmaic, Maturity Model, Control Chart

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Document Summary

Project temporary endeavor used to create a unique product, service or result. Has unique purpose, temporary, developed using progressive elaboration, requires resources from various areas, primary sponsor or customer, involves uncertainty. Operations work done in organizations to sustain the business. Project constraints scope, time and cost goals sometimes includes quality. Project management - application of knowledge, skills, tools and techniques to management, procurement, stakeholder, integration. Program- group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Project portfolio management- organizations group and manage projects & the project. Stakeholders - people involved in or affected by project activities and includes sponsors, teams, staff, customers, users, etc. Project management knowledge- describes key competencies that project managers must develop. project activities to meet project requirements. (kstt) basically how you manage. 10 knowledge areas scope, time, cost, quality, hr, communications, risk programs as portfolio of investments that contribute to entire enterprise"s success.

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