Flash Card Review
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font-size: 24px; border: 1px solid #003b73;background: #003b73;vertical-align: middle;random=”true”;"] Welcome to this set of flashcards about Introduction to Financial Management. Here’s how it works:
Click ‘Check answer’ to see the answer to each card. - If you don’t know it as well as you’d like to, click ‘Need more practice,’ and that card will go to the bottom of the stack so you can practice it again.
- If you know it, click ‘Got it.’
- ‘Shuffle’ lets you shuffle the deck.
[start]
[q] EEFs [a] Enterprise environmental factors
[q] OPA [a] Organizational Process Assets
[q] Enterprise environmental factors (EEFs) may [a] enhance or constrain project management options
[q] Enterprise environmental factors (EEFs) refer to conditions [a] not under the control of the project team,
[q] Organizational culture, structure, and governance [a] Examples include vision, mission, values, beliefs, cultural norms, leadership style, hierarchy and authority relationships, organizational style, ethics, and code of conduct
[q] Geographic distribution of facilities and resources [a] Examples include factory locations, virtual teams, shared systems, and cloud computing
[q] Infrastructure [a] Examples include existing facilities, equipment, organizational telecommunications channels, information technology hardware, availability, and capacity
[q] Information technology software [a] Examples include scheduling software tools, configuration management systems, web interfaces to other online automated systems, and work authorization systems
[q] Resource availability [a] Examples include contracting and purchasing constraints, approved providers and subcontractors, and collaboration agreements
[q] Employee capability [a] Examples include existing human resources expertise, skills, competencies, and specialized knowledge
[q] Enterprise environmental factors (EEFs) refer to conditions [a] not under the control of the project team,
[q] Internal [a] Organizational culture, structure, and governance
[q] Internal [a] Geographic distribution of facilities and resources
[q] Internal [a] Infrastructure
[q] Internal [a] Information technology
[q] Internal [a] Resource availability
[q] Internal [a] Employee capability
[q] External EEF [a] Marketplace conditions
[q] External EEF [a] Social and cultural influences and issues
[q] External EEF [a] Financial considerations
[q] External EEF [a] Commercial databases
[q] External EEF [a] Academic research
[q] External EEF [a] Government or industry standards
[q] External EEF [a] Legal restrictions
[q] External EEF [a] Physical environmental elements
[q] OPAs may be grouped into [a] Processes, policies, and procedures
[q] OPAs may be grouped into [a] Organizational knowledge bases
[q] Organizational culture, structure, and governance [a] Examples include vision, mission, values, beliefs, cultural norms, leadership style, hierarchy and authority relationships, organizational style, ethics, and code of conduct
[q] Geographic distribution of facilities and resources [a] Examples include factory locations, virtual teams, shared systems, and cloud computing
[q] Infrastructure [a] Examples include existing facilities, equipment, organizational telecommunications channels, information technology hardware, availability, and capacity
[q] Information technology software [a] Examples include scheduling software tools, configuration management systems, web interfaces to other online automated systems, and work authorization systems
[q] Resource availability [a] Examples include contracting and purchasing constraints, approved providers and subcontractors, and collaboration agreements
[q] Employee capability [a] Examples include existing human resources expertise, skills, competencies, and specialized knowledge
[q] Marketplace conditions [a] Examples include competitors, market share brand recognition, and trademarks
[q] Social and cultural influences and issues [a] Examples include political climate, codes of conduct, ethics, and perceptions
[q] Legal restrictions [a] Examples include country or local laws and regulations related to security, data protection, business conduct, employment, and procurement
[q] Commercial databases [a] Examples include benchmarking results, standardized cost estimating data, industry risk study information, and risk databases
[q] Academic research [a] Examples include industry studies, publications, and benchmarking results
[q] Government or industry standards [a] Examples include regulatory agency regulations and standards related to products, production, environment, quality, and workmanship
[q] Financial considerations [a] Examples include currency exchange rates, interest rates, inflation rates, tariffs, and geographic location
[q] Physical environmental elements [a] Examples include working conditions, weather, and constraints
[q] Guidelines and criteria for tailoring the organization’s OPAs [a] Initiation and Planning
[q] Specific organizational standards [a] Initiation and Planning
[q] Product and project life cycles, and methods and procedures [a] Initiation and Planning
[q] Templates [a] Initiation and Planning
[q] Preapproved supplier lists and various types of contractual agreements [a] Initiation and Planning
[q] Change control procedures [a] Executing, Monitoring, and Controlling
[q] Traceability matrices [a] Executing, Monitoring, and Controlling
[q] Financial controls procedures [a] Executing, Monitoring, and Controlling
[q] Issue and defect management procedures [a] Executing, Monitoring, and Controlling
[q] Resource availability control and assignment management [a] Executing, Monitoring, and Controlling
[q] Organizational communication requirements [a] Executing, Monitoring, and Controlling
[q] Procedures for prioritizing, approving, and issuing work authorizations [a] Executing, Monitoring, and Controlling
[q] Templates [a] Executing, Monitoring, and Controlling
[q] Standardized guidelines, work instructions, proposal evaluation criteria, and performance measurement criteria [a] Executing, Monitoring, and Controlling
[q] Product, service, or result verification and validation procedures. [a] Executing, Monitoring, and Controlling
[q] Project closure guidelines or requirements [a] Closing
[q] Sysem factor [a] Management elements
[q] Sysem factor [a] Governance frameworks
[q] Sysem factor [a] Organizational structure types
[q] Governance is [a] the framework within which authority is exercised in organizations
[q] How objectives of the organization are set and achieved, [a] is influenced by governance framework
[q] How risk is monitored and assessed, and [a] is influenced by governance framework
[q] How performance is optimized [a] is influenced by governance framework
[q] Alignment [a] Domain of governance
[q] Risk [a] Domain of governance
[q] Performance [a] Domain of governance
[q] Communications [a] Domain of governance
[q] Oversight [a] Function of governance
[q] Control [a] Function of governance
[q] Integration [a] Function of governance
[q] Decision Making [a] Function of governance
[q] Management elements are [a] the components that comprise the key functions or principles of general management in the organization
[q] consideration of people, roles, structures, and policies [a] Is part of governance dimensionality
[q] providing direction and oversight through data and feedback [a] Is part of governance dimensionality
[q] Supportive [a] serves as a project repository
[q] Controlling [a] provide support and require compliance through various means
[q] Directive [a] take control of the projects by directly managing the projects
[q] Managing shared resources across all projects administered by the PMO [a] Is a primary function of a PMO
[q] Identifying and developing project management methodology, best practices, and standards [a] Is a primary function of a PMO
[q] Coaching, mentoring, training, and oversight [a] Is a primary function of a PMO
[q] Monitoring compliance with project management standards, policies, procedures, and templates by means of project audits [a] Is a primary function of a PMO
[q] Developing and managing project policies, procedures, templates, and other shared documentation (organizational process assets) [a] Is a primary function of a PMO
[q] Coordinating communication across projects [a] Is a primary function of a PMO
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