Overview of Project Management

Role of the Project Manager to the stakeholder.

Creates project plans and report and liaise with all stakeholders.

Portfolio Managers fill what role in a project?

Oversee projects, reviewing them in terms of their risks, returns, and alignment with the organization's strategic goals

what examples illustrate project, rather than operational work?

constructing a new building, designing a new line of clothing, designing an improved software application

Operational manager fills what role in a project?

provide needed technical resources to project teams, users, and suppliers.

What organizational culture aspects will influence a project?

values, norms, beliefs Informal policies and procedures. Organizational views of authority.

How are portfolios structured generally reflects an organization's aims. What statements about the relationship between portfolios and projects are true?

A portfolio's strategy and goals impact which projects will be approved or rejected. Portfolios prioritize various projects, which impacts what project funds and resources will be allocated. Portfolios use information gathered from projects to informs future strategic plans

PM Knowledge competence encompasses what factors.

Aware of how to use a range of project management tools. You're able to define project stages and process groups.

As a PM, What are your fundamental responsibilities for a project?

Balance stakeholders expectations. Balance the competing demands of budget, schedule, quality, and scope. Accomplish the projects objectives. Update plans throughout the duration of the project.

what are examples of organizational process assets?

Historical information, documentation, guidelines, templates.

Role of the Project team to the stakeholder.

Produce high quality work on schedule.

Role of the Customer or Users to the stakeholder.

Provide input into the features and uses of the end product.

Role of the Vendors or business Partners to the stakeholder.

Provide products or services that meet contractual requirements.

Role of the Project sponsor to the stakeholder.

Provide project resources and remove roadblocks.

Project management offices (PMO) fill what role in a project?

Standardize project documentation and processes across the organization and provide support to the project.

A company whose projects were carried out by divisions managers has hired it first PM, who will share staff and report to the operations managers. How may this structure affect the company's projects ?

The project manager will need to approach functional managers for resource approval and may need to make do with limited resources. The Authority of the project manager is likely to be severely limited due to the functional structure of the organization.

PM Personal competence encompasses what factors.

Able to respond quickly to changes in the business environment. Highly persuasive in your arguments.

PM Performance competence encompasses what factors.

Experienced in inspecting products for quality. Have managed Similar projects successfully.

What are the characteristics of the agile methodology?

It allows project managers to adapt easily to new or changing requirements. It uses an iterative approach. Requirements are gathered throughout the project's life cycle.

What enterprise environmental factors can influence a project

Market conditions, technology, Organizational structure political or economical environment

Which responsibilities are fundamental to managing a project?

Updating project plans throughout the project. Balancing stakeholders expectations. Accomplishing the projects objectives Balancing the competing demands of budget, schedule, quality, and scope.