Domain 1: Strategic Program Management Flashcards
Programs are designed to ________
Align with organizational strategy and realize organizational benefits
What are the 5 deliverables of Strategic Alignment
- Business case
- Program Charter
- Program Roadmap
4.Environmental Assessment - Program Risk Managment Strategy
Describe a Program Business case
A documented feasibility study used to establish the validity of the benefits to be delivered
Validate the strategic alignment of program
It assesses the intended benefits against the investment
Describe the framework which ties the program to organizational strategy
Vision
Mission
Organizational Strategy
Business case
Program Charter
Which deliverable serves as the primary justification for the program?
Business case
When is an environmental assessment conducted?
During the formulation sub-phase of program definition
and throughout the program lifecycle
What are Enterprise Environmental Factors
Conditions not under the immediate control of the program manager that iinfluence, constrain or direct the program such as :
Business environment
Market Conditions
Funding
Resources
Legislation
Supply Chain
Political Influence
Examples of Environmental Analysis include;
Comparative Advantage Analysis
Feasibility Studies
Assumptions Analysis
Historical Information Analysis
Results of ________enables a PM to highlight factors with the potential to impact execution and informs risk management strategies
Environmental Analysis
Describe Comparative Advantage Analysis
Comparison of the effort against real or hypothetical scenarios including analysis of how objectives could be achieved by other means–Analysis of opportunity cost
What are the three components of Risk Managment for Strategy Alignment?
1) Define Risk Thresholds
2) Initial Program Risk Assessment
3) High level risk response strategy
Define Risk Threshold
The degree of acceptable variation around program objectives reflective of the program risk appetite
What are components of risk threshold?
Minimum level of risk exposure to warrant inclusion in register
Qual/Quant definitions of risk rating
Maximum level of risk exposure that can be managed within the program w/out escalation
Where are program success criteria documented
Business Case
Program Charter
Program Roadmap
When is the business case developed
Program Definition Phase (Program Formulation sub-phase)
