PM lec 1

What is a project?

• A routine operational task

• A continuous process with no specific end goal

• A long-term business strategy

• A temporary endeavor undertaken to create a unique product, service or result

What are the triple constraints of the project?

• Time, Cost, Scope

• Quality, Risk, Customer Satisfaction

• Time, Quality, Risk

• Scope, Schedule, Cost

What is a Program?

• A project with no defined objectives

• A collection of unrelated projects

• A group of related projects managed in a coordinated way to achieve benefits

• A single project with multiple phases

What is Operations Management concerned with?

• Strategic planning for future projects

• Financial management of projects

• Human resource management

• The ongoing production of goods and/or services

What is the Project Management Office (PMO) responsible for?

• Developing project schedules

• Quality control of project deliverables

• Centralised configuration management and project monitoring

• Managing stakeholder relationships

What is a Value Delivery Office (VDO) focused on?

• Coaching teams and building adaptive skills and capabilities

• Managing project budgets and finances

• Developing project management methodologies

• Centralised communication

What are the Project Performance Domains?

• Project Manager, Project Team, Project Charter, Project Management Plan

• Time, Cost, Quality, Risk, Scope, Customer Satisfaction

• Stakeholders, Team, Development approach and Life Cycle, Planning, Project Work, Delivery, Measurement, Uncertainty

• Initiating, Planning, Executing, Monitoring & controlling, Closing

What are the characteristics of Servant Leadership in an Agile Environment?

• Promoting self-awareness, Listening, Serving those on the team, Helping people grow

• Promoting competition, Creating a hostile environment, Focusing on individual success

• Isolating team members, Ignoring feedback, Discouraging growth

• Controlling, Dictating, Micromanaging, Imposing decisions

What is the Project Business Case used for?

• Documenting the project plan

• Defining the processes for creating, maximising, and sustaining the benefits provided by a project

• Establishing the validity of the benefits of a selected component lacking sufficient definition

• Issuing formal authorization for the existence of a project

What is the Project Management Plan?

• Describing how the project will be executed, monitored, and controlled

• Defining the processes for creating, maximising, and sustaining the benefits provided by a project

• Documenting the explanation of project benefits

• Issuing formal authorization for the existence of a project