Chapter 1 - Project Management
The ________ is a professional organization for project managers.
PMI
Project management is about
getting these temporary endeavors completed on time and on budget.
Communicate like an orchestral conductor during
implementation.
And don't forget...
review, reflect and report on your project's successes and shortcomings... so your team learns from the experience.
Describe the four phases of the traditional project life cycle.
1. Defining. Project specifications objectives are defined, and teams are formed with major responsibilities assigned. Much of this is referred to as defining the scope of a project. 2. Planning. The creation of a comprehensive plan that includes schedules, budgets, staffing and risk assessment. 3. Executing. Work begins, deliverables are produced, and progress is monitored. 4. Closing. Putting the project to bed includes customer delivery, post project review or audit, and redeployment of project team.
Examples of Project management institute or PMI
A Guide to the Project Management Body of Knowledge; The Standard for Program Management; The Standard for Portfolio Management; Organizational Project Management Maturity Model.
The listed areas PMI has recently added:
A line of practice guides. It includes managing changes in organized. A practice guide for someone involved in the project management field. These publications are great sources of knowledge.
What are five characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?
A project is complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Differentiating characteristics of projects from routine, repetitive daily work are listed below: 1. A defined life span 2. A well-defined objective 3. Typically involves people from several disciplines 4. A project life cycle 5. Specific time, cost, and performance requirements
What is a project?
According to Project Management Institute, "a project is temporary in that it has a defined beginning and ending in time, as well as defined scope and finite resources. And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular tool. So a project team often includes people who don't usually work together -- sometimes from different organizations and across multiple geographies."
What is project management?
According to Project Management Institute, "project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It has always been practiced informally, but began to emerge as a distinct profession in the mid-20th century. PMI's A Guide to the Project Management Body of Knowledge (PMBOK® Guide) identifies its recurring elements: Project management processes fall into five groups: Initiating, Planning, Executing, Monitoring and Controlling, and Closing. Project management knowledge is organized into ten knowledge areas: Integration, Scope, Time, Cost, Quality, Procurement, Human Resources, Communications, Risk Management, and Stakeholder Management."
What kinds of projects is Agile PM best suited for?
Agile PM is best suited for projects in which the scope or how the project will be completed are not well defined or stable. These kinds of projects would include software development, R&D work, technological breakthroughs, and creative endeavors.
To make sure your project has the best chance of success.
Make sure all stakeholders agree in granular detail on the final outcome, by agreeing about deliverables at the outset. You'll guard against the scope growing monstrously out of control.
Project management institute or PMI also published a number of practice standards and frameworks.
Practice Standard for Project Risk Management; Practice Standard for Earned Value Management; Practice Standard for Project Configuration Management; Practice Standard for Work Breakdown Structures; Practice Standard for Scheduling Project Manager; Competency Development Framework.
These are the PMI's certifications:
Project Management Professional; Certified Associate in Project Management; Program Management Professional; Portfolio Management Professional; PMI Agile Certified Practitioner; PMI Risk Management Professional; PMI Scheduling Professional; OPM 3 Professional Certification. Thank you for watching. For more videos, please visit ZeroToProTrainning.com.
Remember the six Ps:
Proper Planning Prevents Poor Project Performance.
Project Management Body of Knowledge has three extensions.
Software extension to the PMBOK. An extension to the PMBOK. Government extension to the PMBOK. The extensions help you use the guide more effectively.
What are some of the key environmental forces that have changed the way projects are managed? What has been the effect of these forces on the management of projects?
Some environmental forces that have changed the way we manage projects are the product life cycle, knowledge growth, global competition, organization downsizing, technology changes, time-to-market. The impact of these forces is more projects per organization, more project teams responsible for implementing projects, more accountability, changing organization structures, need for rapid completion of projects, linking projects to organization strategy and customers, prioritizing projects to conserve organization resources, alliances with external organizations, etc.
What is the project life cycle?
The project life cycle is another way of illustrating the unique nature of project work. The life cycle recognizes that projects have a limited life span and that there are predictable changes in level of effort and focus over the life of a project. The project life cycle typically passes sequentially through four stages: defining, planning, executing, and delivering.
Explain what is meant by "the technical and sociocultural dimensions of project management are two sides to the same coin?"
The technical and sociocultural dimensions of project management are two sides of the same coin because successful project managers are skillful in both areas. The point is successful project managers need to be very comfortable and skillful in both areas. Managing a project is a multidimensional process .
Anyone can complete a project by throwing more time and money at it. The real challenge is to
achieve a quality outcome using the least time and money.
Which of the following activities is not considered a project?
attaching tags on a manufacturing product
Think about the skills the project needs
before building your team.
Keeping the various players in check with
clear, constant communication and leadership.
make sure your project is
completed on time, on budget... meeting scope and in a quality manner... remembered planning is paramount.
Prepare for stormy seas by
considering what risks your project might be exposed to and plan how to best navigate to avoid or mitigate them.
In the ________ stage of the project life cycle, specifications of the projects are defined; project objectives are established; teams are formed; major responsibilities are assigned.
defining
Planning is
eighty percent of project management.
The sad truth is that for one reason or another most projects
fail to meet their objectives.
What is project management institute or PMI?
is a non-for-profit organization based in the USA. It is focused on field of project management. It is developed and published a number of standards.
Project Management Body of Knowledge, called PM Book Guide,
is the most famous standard among those listed. People are using it worldwide.
The management
of ongoing tasks requires a different approach to the management one-off tasks.
A(an) ________ is a series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal.
program
After completing the project,
report on what was done well... and what could have been done better.
Fiercely guard against
scope creep by getting solid agreement on the required deliverables.
Schedules, resource allocation, and status reports are examples of ________ dimension of the project management process.
technical
Before building your team, consider
the skills and know-how you'll need to complete the project, and then compare that to the people you have. Add and subtract people is necessary. Make sure you consider how information will flow where it is needed so that all stakeholders know what's happening.
Think hard about
what risks your project could face.
