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...What is one characteristic of a project, program and portfolio? A. Development of a new product or service B. Logical they all have a time frame and life-cycle C. Conduction of task without schedule D. Implementing a new business process The reason I chose the answer number (B) projects are always in a form of a life cycle and changes happen frequently due to new ideas and technology the other answers are relevantly. Define the characteristics of a portfolio Manager? A. Process improvement, visibility, measurement, accountability, focus B. Standardization C. Change D. Associated processing Standardization and change are still characteristics of a good PPM but associated processing is not among traits Define the characteristics of a program? A. Deliverables with a strategic intent B. Risk Management C. Controlling project D. Schedule and resources The other three options are characteristics of a project manager. What are the project management processes? A. Initiating, planning, executing, monitoring and controlling and closure B. Integration, human resources, rick management C. Cost, stakeholder management, scope D. Quality, communications, procurement The other options are project management knowledge areas. What is a project management plan? A. Document capturing the entire project end –to-end, covering all project phases, from initiation through planning execution and closure. B. Costs, quality, schedule C. Scope, business needs...
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... 1 For the project management profession there are a number of standard bodies of knowledge (BOK). What is a BOK and what is the purpose of it? Name at least two BOKs and discuss their underlying assumptions. (4 points) • Basis for Project Management Systems • Guidance for common ground between projects (for PM and Team) • Framework of best practices • APM • Project management in context • Planning/Executing strategies • Techniques • Business/Organisation/People • PMI • Project life cycle • PM Process • Project Integration/Scope/Time/Cost/Quality/HR/Comm./Risk Management 2 What is the so-called iron triangle? Explain how it may be used in order to evaluate strategic choices in a project. (4 points) • [Draw picture] • Time/Quality/Cost/(Customer satisfaction) • Trade off, optimization for one or two goals (priority) • Conformance vs. Performance 3 Describe the kind of stage-gate models that many companies use to control their projects. Discuss briefly the pros and cons of such a system. (4 points) • Basic opportunity to review progress (Checkpoints/Gates) • Find fundamental problems in the project early • Quality gates: Deliverables, Checklists • Pros • Ability to call a halt (Save future expenses) • Quality control • Correction of earlier plans • Cons • Requires additional effort • Can slow down the project 4 What is...
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...want to manage scope well on this project, the sponsor will often think "oh no. That means we can never change anything." But that is not the case. You know that things change on a project and the longer your project is, the more likely you will have changes. Managing scope means that you recognize a change in scope has occurred and you manage the change proactively. Use these five tips to help you. 1: Set it in concrete Sounds simple, but the first step is to define the scope of the project in detail. What is the scope of the project? There are three major elements of scope. At a high level, you need to understand the project deliverables - the things you are going to build. You also need to know the boundaries of what is in-scope and what is out-of-scope. Lower-level scope are the deliverable requirements. These three elements - deliverables, boundaries and requirements - make up the overall product scope. 2: Plan for scope change Create a scope management plan in your project planning phase. This does not have to be a 15 page document. You just need to know how you will manage scope changes and make sure your sponsor agrees with the process. 3. Make sure you know the project impact as well as the benefit Often we receive scope change requests that explain the benefits of the change. When we take this to the sponsor the sponsor will very likely say yes, since all they see is the benefits. They don't see the impact to the project. It is usually the case that scope...
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...COMPLETE A PROJECT. A WBS IS ARRANGED IN A HIERARCHY AND CONSTRUCTED TO ALLOW FOR CLEAR AND LOGICAL GROUPINGS, EITHER BY ACTIVITIES OR DELIVERABLES. THE WBS SHOULD REPRESENT THE WORK IDENTIFIED IN THE APPROVED PROJECT SCOPE STATEMENT AND SERVES AS AN EARLY FOUNDATION FOR EFFECTIVE SCHEDULE DEVELOPMENT AND COST ESTIMATING. PROJECT MANAGERS TYPICALLY WILL DEVELOP A WBS AS A PRECURSOR TO A DETAILED PROJECT SCHEDULE. THE WBS SHOULD BE ACCOMPANIED BY A WBS DICTIONARY, WHICH LISTS AND DEFINES WBS ELEMENTS. The goals of developing a WBS and WBS Dictionary are 1) for the project team to proactively and logically plan out the project to completion, 2) to collect the information about work that needs to be done for a project, and 3) to organize activities into manageable components that will achieve project objectives. The WBS and WBS Dictionary are not the schedule, but rather the building blocks to it. The progression of WBS and WBS Dictionary development is as follows: [pic] The WBS and WBS Dictionary should not be static documents. WBS construction is subject to project management progressive elaboration, and as new information becomes known, the WBS should be revised to reflect that information. A Project Team that has substantial changes to its WBS should reference the project’s Change Management Plan for guidance on management of changes to project scope. Example Below is a simplified WBS example with a limited number of organizing levels. The following list describes key characteristics...
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...Enterprise Project Management Methodology Version 1.0 February 22, 2013 Table of Contents I. Overview 1 II. Pre-Initiation 7 III. Initiating 9 IV. Planning 11 Scope Management Plan 12 Change Management Plan 13 Time Management Plan 14 Cost Management Plan 18 Quality Management Plan 20 Resource Management Plan 21 Communication Management Plan 23 Risk Management Plan 24 Procurement Management Plan 27 Requirements Management Plan 28 Issue Management Plan 31 Document Management Plan 31 V. Executing 33 VI. Monitoring & Controlling 36 VII. Closing 44 VIII. APPENDIX A – Project Management Documentation 47 Overview Purpose The purpose of this Enterprise Project Management Methodology guide is to provide an overview of the life of a project and describe a process to help project managers guide their projects to a successful conclusion. This guide represents OA/OIT’s recommendation for project management, and is intended to aid agencies in moving towards best practices for this discipline. Each agency should assess their level of competency in project management and use this information to their best advantage. Each project, and possibly phases of very large projects, will consist of six processes: 1. Pre-Initiation 2. Initiating 3. Planning 4. Executing 5. Monitoring & Controlling 6. Closing Integrated within these six processes is information that covers the nine knowledge areas of project management:...
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...Chapter 1: * A 1995 Standish Group study (CHAOS) found that only 16.2% of IT projects were successful in meeting scope, time, and cost goals; over 31% of IT projects were canceled before completion Advantages of Using Formal Project Management: * Better control of financial, physical, and human resources * Improved customer relations * Shorter development times * Lower costs * Higher quality and increased reliability * Higher profit margins * Improved productivity * Better internal coordination * Higher worker morale What is project? A project is “a temporary endeavor undertaken to create a unique product, service, or result” Project Attributes: A project: * has a unique purpose * is temporary * is developed using progressive elaboration * requires resources, often from various areas * should have a primary customer or sponsor * The project sponsor usually provides the direction and funding for the project * involves uncertainty Program: group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually The triple constraint of project management: Scope, cost & time. Project management: is “the application of knowledge, skills, tools and techniques to project activities to meet project requirements” 10 knowledge areas (project management framework): 1. Scope management 2. Time management 3. Cost man. 4...
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...Project Management Plan [Project Name] Author: [Author] Date: [yyyymmdd] Version: [#.#] Operator notes: All instructional text is displayed in blue font colour in the template. These should be deleted prior to the document being distributed for review and approval. Update text within square brackets which is placeholder text with relevant text. E.g. [yyyymmdd] should be changed to latest date 20130305 Use this basic structure and type sizing for all your covers. Do not manipulate or rescale any of the graphic components. Use initial caps in your headings with capital letters for proper nouns only. Document Control Document location Location | | Author Position | Name | Contact no | | | | Stakeholders and other contributors Consider key stakeholders who might have input in the decision to approve or reject the Business Case. Typically, distribution to the relevant governance forum members’ is required for a one-on-one walkthrough prior to presenting. The costs section of the document may need to be removed from widely distributed versions. Position | Name | | | | | Revision history Version | Issue date | Author/editor | Description/Summary of changes | | | | | | | | | Reviewed by Version | Issue date | Name | Position | Review date | | | | | | | | | | | | | | | | Approvals Approval refers to the approver’s acceptance of the content and overall intention of this document, including acceptance...
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...Template Project Specification Enclosures Distribution List Project Survey Time Schedule Resource Plan Organizational Chart Project Budget Contents 1 Project Business Direction 2 1.1 Project Goals 2 1.2 Purpose 2 1.3 Business Opportunity 3 1.4 Project Background 3 2 Project Scope Description 3 2.1 Project Outcome 3 2.2 Quality Objectives for the Project Outcome 3 2.3 Organizational Requirements on the Project Performance 4 2.4 Project Performance Quality Objectives 4 2.5 Included, Excluded 4 3 Project Plans 4 3.1 Time Schedule 4 3.2 Project Milestone Definitions 5 3.3 Delivery Plans 5 4 Project Budget 5 5 Project Organization and Stakeholders 5 5.1 Project Organization, Roles, Responsibility and Authority 5 5.1.1 Project Steering Function 5 5.1.2 Project Management Function 5 5.1.3 Project Executing Function 6 5.2 Project Organization Overview 6 5.3 Customer and...
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...Assignment #3 Ducks Unlimited Keystone Conference: Budget Issues Hesham A Aziz BUS 517 Project Management This document presents a discussion about the Ducks Unlimited Keystone Conference: Budget Issues. As a successful Project Manager for Ducks Unlimited (DU), there are always an unforeseen crisis which may arise unexpectedly - either trouble with getting enough money to cover for the project expenses, a time-driven crisis to meet the required target timeline because there may be insufficient fund and resources to achieve the goal for this project - at the right time and scope. All these elements are interrelated. Each must be managed effectively. All must be managed together and carefully integrated together in order to be a success. In this scenario, the new crisis emerged by having slashed almost ¾ of the original budget and reduced the initial plan budget from $1.2 million down to $280.000. In the light of this new information, the budget has created a tough road ahead to carry on this project, but as a successful manager, one has got to “make it work”. Resources – People, equipment and material required. The new plan will require the manager to move around the resources available and regroup people. Time – Task durations, dependencies, and critical path. A new lay out plan to project a new time schedule for a newly slashed budget. Money – Costs, contingencies, profit (if applicable). New budget has been reduced...
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... and sales and marketing. Business organizations are arranged hierarchically into levels of management. A business process is a logically related set of activities that define how specific business tasks are performed. Business firms must monitor and respond to their surrounding environments. 1.1 Define a business and describe the major business functions. A business refers to a formal organization whose aim is to produce products or provide services for a profit. Every business, regardless of its size, must perform four functions to succeed. It must produce the product or service; market and sell the product or service; keep track of accounting and financial transactions; and perform basic human resources tasks, such as hiring and retaining employees. 1.2 Define business processes and describe the role they play in organizations. A business process refers to a logically related set of activities that define how specific business tasks are performed. Business processes are the ways in which a business collaborates and organizes work activities, information, and knowledge to produce their products or services. 1.3 Identify and describe the different levels in a business firm and their information needs. The different levels of management are senior management, middle management, and operational management. Senior managers need summary information that can quickly inform them about the overall performance of the firm, such as gross sales revenues, sales by product group and...
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...your project or organization, and to evaluate how effectively that process functions. It will also help you assess short-term changes in skills, attitudes, and knowledge of the participants. Because changes in circumstances may require you to make adjustments in your plan along the way to meet your goals, you and your program officer may review your process evaluation during the term of your grant. You may find that your process evaluation is a springboard to developing other materials. For instance, it may help you generate checklists and timelines, which you can share with project staff, potential partners or funders, your clients, and the community. For capital grants, the process evaluation may be as simple as showing that funds were spent for the intended purpose and that the project was completed. Your program officer can help you determine how basic or developed your process evaluation should be. Before You Begin Your process evaluation helps you organize your thoughts about how you will meet your project goal and objectives through your activities, which should all be logically connected to each other. It is helpful to diagram these connections in a conceptual map of the project, or “logic model”. The logic model serves as a guide to help you define how your program will make a difference. We have included a sample logic model on the following page. The steps of the model are as follows: 1. Define the problem: What is the specific problem targeted by your project? This...
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...Chapter 3 Planning the Project This chapter begins by discussing the nine key elements of the project plan. The following two sections address the planning process in greater detail with considerable emphasis placed on the project launch meeting and the hierarchical planning process by which parts of the plan are sequentially broken down into finer levels of detail. This provides a natural transition to the creation of the Work Breakdown Structure. Finally, the chapter is concluded with a discussion of multidisciplinary teams including the topics of integration management and concurrent engineering. Cases and Readings Some cases appropriate to the subject of this chapter are: Harvard: 9-692-058 Taco Bell Corp. This 31-page best-selling case describes a project to implement a new strategic plan involving major changes in layout, staffing, quality, product design, and information systems. The coordination and integration of all these project activities is what makes the plan successful, and hard for competitors to imitate. Two teaching notes are available for this case: 5-692-091 (20 pages) and 5-196-073 (12 pages). Harvard: 9-694-059 Hardcard Project: Plus Development Corp. (A1); 9-694-060 Hardcard Project: Plus Development Corp. (A2) This 10-page (12-pages for A2) case allows the students to evaluate, using Microsoft Project software, the time line, resource allocations, and other aspects of a major project concerned with developing a hard disk drive...
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...1. 1. Approximately what percentage of the wortd's gross domestic product is spent on projects? a. 10 percent b. 25 percent c. 50 percent d. 75 percent b. 25 percent 2. 2. Which ofthe following is a I'IOt a potential advantage of using good projectmanagement?a. Shorter developmenttimesb. Higher workermoralec. Lower cost of capitald. Higher profitmargins c. Lower cost of capital 3. 3. A ___ is a temporary endeavor undertaken to create a unique product, service, or result. a . program b process c. project d . portfolio c. project 4. 4. Which of the following is not an attribute of a project? a. projects are unique b. projects are developed using progressive elaboration c. projects have a primary customer or sponsor d. projects involve little uncertainty d. projects involve little uncertainty 5. 5. Which of the following is not part of the triple constraint of project management? a. meeting scope goals b. meeting time goals c. meeting corrmunications goals d. meeting cost goals c. meeting corrmunications goals 6. 6 . ___ is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. a. Project management b. Program management c. Project portfolio management d. Requirements management a. Project management 7. 7. Project portfolio management addresses ___ goals of an organization, while project management addresses ___ goa • . a. strategic, tactical b. tactical, strategic c....
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...Chapter 3 Planning the Project This chapter begins by discussing the nine key elements of the project plan. The following two sections address the planning process in greater detail with considerable emphasis placed on the project launch meeting and the hierarchical planning process by which parts of the plan are sequentially broken down into finer levels of detail. This provides a natural transition to the creation of the Work Breakdown Structure. Finally, the chapter is concluded with a discussion of multidisciplinary teams including the topics of integration management and concurrent engineering. Cases and Readings Some cases appropriate to the subject of this chapter are: Harvard: 9-692-058 Taco Bell Corp. This 31-page best-selling case describes a project to implement a new strategic plan involving major changes in layout, staffing, quality, product design, and information systems. The coordination and integration of all these project activities is what makes the plan successful, and hard for competitors to imitate. Two teaching notes are available for this case: 5-692-091 (20 pages) and 5-196-073 (12 pages). Harvard: 9-694-059 Hardcard Project: Plus Development Corp. (A1); 9-694-060 Hardcard Project: Plus Development Corp. (A2) This 10-page (12-pages for A2) case allows the students to evaluate, using Microsoft Project software, the time line, resource allocations, and other aspects of a major project concerned with developing a hard disk drive. ...
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