3. Complete the sentences using the necessary term from the box.

Process Critical chain project Risk Earned value Operations Program Effort Project Cost Extreme project Nonlinear

1. __management (XPM) refers to a method of managing very complex and very uncertain projects.

2. __management is an area of business that is concerned with the production of good quality goods and services, and involves the responsibility of ensuring that business operations are efficient and effective.

3. __management is the process of managing multiple ongoing inter-dependent projects. An example would be that of designing, manufacturing and providing support infrastructure for an automobile manufacturer.

4. __management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering.

5. __management is a management specialism aiming to reduce different risks related to a preselected domain to the level accepted by society. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics.

6. __management is a method of managing a project in real-time from the estimating stage to project control; through the use of technology cost, schedule and productivity is monitored.

7. __management is a project management technique for measuring project progress in an objective manner, with a combination of measuring scope, schedule, and cost in a single integrated system.

8. __management is a method of planning and managing projects that puts more emphasis on the resources required to execute project tasks.

9. __management is a superset of management techniques and strategies that allows order to emerge by giving organizations the space to self-organize, evolve and adapt, encompassing Agile, Evolutionary and Lean approaches, as well as many others.

10. __management is a project management subdiscipline for effective and efficient use of time and resources to perform activities regarding quantity, quality and direction.

4. Circle the correct word or phrase.

1. Business model/Project plan is a profit-producing system that has an important degree of independence from the other systems within an enterprise.

2. Critical chain project management/Business analysis is the set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems. Solutions often include a systems development component, but may also consist of process improvement or organizational change.

3. Quality/Goal can mean a high degree of excellence in terms of project management.

4. Reengineering/Extreme project management is radical redesign of an organization's processes, especially its business processes.

5. Communications Log/Project accounting is an on-going documentation of events between any identified project stakeholders, managed and collected by the project manager.

6. Goal/Resources are what is required to carry out a project's tasks. They can be people, equipment, facilities, funding, or anything else capable of definition (usually other than labor) required for the completion of a project activity.

7. Project planning/project accounting is part of project management, which relates to the use of schedules such as Grant charts to plan and subsequently report progress within the project environment.

8. Operations management/Work Breakdown Structure is a tool that defines a project and groups the project’s discrete work elements in a way that helps organize and define the total work scope of the project.

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