ADMG 574
What factors contribute to a successful Global project?
Ensure and maintain the project goal commitment of all project members, Establish and maintain smooth and effective communication across organizational, functional, geographic and cultural boundaries, The global project managers pay special attention to the diversity and complexity of the international context
Project managers function as mini-CEOs managing both "hard" technical details and "soft" people issues and need a wide variety of skills such as:
Have knowledge of all nine PM knowledge areas as well as the specific application area, Be comfortable with change and understand the organizations they work in and with, Be able to lead teams to accomplish project goals
____ analysis is a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time.
Net present value
Diversity-complexity Assessment helps analyze the diversity level of potential global projects in terms of _____________
Number of national cultures, regional or sub-cultures, Number of organizational cultures and sub-cultures, Number of ethnicities and languages
____ is a set of shared assumptions, values, and behaviors that characterize the functioning of an organization.
Organizational culture
____________________ is "the application of knowledge, skills, tools, and techniques to project activities to meet project requirements."
Project management
Which of the following statement is false concerning the financial analysis of projects:
The net present value (NPV) is always positive
A global project is a unique transient endeavor undertaken to create a unique product or service that utilizes resources from, or provides product or services in, more than one country.
True
Global projects usually have numerous and heterogeneous stakeholders, making good stakeholder management a real challenge for the project manager.
True
An organization may initiate projects for several reasons, but the most important reason is to support ____.
business objectives and strategies
In the ____________________ phase, there should be some sort of customer acceptance of the entire project.
close-out
The majority of time on a project is usually spent on ____, as is most of the project's budget.
execution
Project managers have the least amount of authority in a pure ____.
functional organizational structure
During ____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter as part of this recognition.
initiating
A ____ is a meeting held at the beginning of a project so that stakeholders can meet each other, review the goals of the project, and discuss future plans.
kick-off meeting
Many organizations assert that using project management provides advantages, such as ____.
lower costs
In early phases of a project life cycle, resource needs are usually ____ and the level of uncertainty is ____.
lowest; highest
In a ____, personnel often report to both a functional manager and one or more project managers.
matrix organizational structure
A ___________ is "a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually".
program
A ____________________ is a temporary endeavor undertaken to create a unique product, service, or result.
project
A(n) ____ is a document that formally recognizes the existence of a project and provides direction on the project's objectives and management.
project charter
A ____ is a collection of project phases.
project life cycle
Project managers have the most authority in a pure ____.
project organizational structure
A project that results in "doing the wrong things well" has ignored the:
quality/customer satisfaction goal
A ___________________________________ includes basic information such as stakeholder names, level of interest in the project, level of influence on the project, and potential management strategies for gaining support or reducing obstacles from that particular stakeholder.
stakeholder management strategy
A ____ is a document that includes details related to the identified project stakeholders.
stakeholder register
The management department at the university decides to add a new program in restaurant, hotel, and institutional management. As part of the development process they hold focus groups consisting of area business leaders, current and former students, and restaurant and hotel owners. These groups can be described as:
stakeholders
Project management focuses more on _____ goals while project Portfolio management focuses more on _____ goals.
tactical; strategic
The limitations of scope, time, and cost goals are sometimes referred to as the ____.
triple constraint
In a weighted scoring model, the sum of all of the criteria's weights must total ____ percent.
100
Diversity-complexity Assessment helps analyze the complexity level of potential global projects in terms of _____________
Degree of physical distance/distribution, Degree of heterogeneity of stakeholder interests, Number of intra- and inter-organizational interfaces and amount of information to be processed
Most people agree that the modern concept of project management began with the ____.
Manhattan Project
______________________________ is the result of subtracting the project costs from the benefits and then dividing by the costs.
Return on investment
____ are the people involved in or affected by project activities and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of the project.
Stakeholders
A ____________________ is the approved project management plan plus approved changes.
baseline
Which of the following is accomplished through project management?
A software developer creates a new crash-proof operating system
Global or international projects differ from domestic ones regarding their __________
Complex purpose and scope, Diverse stakeholders, Risk intensity
