D5 Chia Study Guide Program and project management Flashcards
(235 cards)
What defines how decisions are made during projects?
Project governance
Project governance also determines the metrics by which project success is measured.
Which department is typically responsible for setting up the project governance framework?
PMO (Project Management Office)
The PMO is usually the department within an organization that oversees project governance.
What is Project Automation in the context of project governance?
A business system for projects
Project Automation governs your company’s projects similarly to how ERP governs finances.
What are the three essential components of all project governance?
- Processes
- Data
- People
What does standardizing project processes help achieve?
Consistency across the organization
Standardization is critical to measuring success and scaling projects.
What does integrating project processes aim to unify?
Workflows and operations
Most projects have multiple processes that do not interact effectively.
What is the goal of systemizing project processes?
Enforce best practices, foster transparency, and build accountability
What is the purpose of standardizing project data?
To achieve consistent metrics for reliable performance measurement
What does integrating project data create?
A single source of truth
This allows everyone to rely on the same data for decision-making.
How can you define the people aspect of project governance?
By properly defining roles and responsibilities
Key stakeholders include project managers, coordinators, and resource managers.
What does a Project Business System manage?
All project-related processes and data in one system
What are the benefits of Project Automation?
- Streamline and automate processes
- Increase productivity
- Improve project governance
- Reduce risk, overruns & delays
- Enhance financial control
What does Project Autopilot do in the context of project governance?
Monitors projects and alerts stakeholders of issues
It allows managing projects by exception.
What is Project Modeling?
A process to accurately estimate costs and schedules upfront
Why is Project Modeling important for project governance?
It improves the sales process and reduces rework
Fill in the blank: The key to a good project governance framework is to _______.
[standardize, integrate, and systemize]
True or False: There is a one-size-fits-all project governance structure that can be used by all companies.
False
What is program management?
The coordination of multiple related and interdependent projects to achieve common business objectives.
Program management involves managing several projects that align with a strategic vision.
What is project management?
The coordination of a single project from start to finish.
Project management focuses on the successful delivery of one unique project.
What is the main responsibility difference between program managers and project managers?
Program managers have more strategic responsibilities, while project managers focus on day-to-day management.
Program managers develop overall strategies and ensure project alignment.
What are the day-to-day obligations of project managers?
Manage individual projects and teams.
This includes tasks like keeping track of project deadlines and team responsibilities.
What are the day-to-day obligations of program managers?
Supervise multiple projects and ensure alignment with overall strategy.
Program managers formulate plans and monitor development across projects.
How does the scope differ between project management and program management?
Project management has a more detailed, narrow scope, while program management has a broad, big-picture scope.
Program management focuses on overall strategy and objectives.
What is the time focus in project management?
Short-term with clear deadlines.
Project management is typically bound by specific project timelines.