Lecture 1: Building the Foundation and Developing Project Management Skills Flashcards
(35 cards)
Definition of a Project: What is the 3 criteria?
- Unique product, service, or result
- Limited time frame
- Temporary in nature
Definition of Operations: What is the 3 criteria?
- Produces the same product, service, or result over and over
- Ongoing- no definitive beginning and end
- Processes are not completed
What are the 6 types of Organization Structures?
- Functional
- Project-oriented
- Matrix
- Virtual
- Hybrid
- PMO
Functional
- Hierarchical in nature
- Clear chain of command
Projectized
- Organized by project
Matrix
- Combination of functional and project-oriented
Virtual Structure
- People are not physically together at the same time but are connected via a corporate network or the Internet or both
Hybrid Structure
- Takes on aspects of two or more structures. A matrix organization is a type of hybrid structure
Project Management Office (PMO)
- Centralized organizational unit that oversees the management of projects and programs throughout the organization
Benefits of PMO
- Provides an established project management methodology including templates, forms, and standardized processes
- Mentoring, coaching and training for project managers
- Facilitating communication within and across projects
- Managing resources
Project Management Practices
- Applying skills, knowledge and established project management tools and techniques to produce the best results possible
Project Management Practices : Benefits
- Improves overall project performance
- Reduces the time to complete projects
- Reduces project risk
- Increases quality
- Improves communication
- Ensures consistency in reporting
- Improves accuracy of project reports
Project Management Tools
- Project management software
- Templates and forms
- PM software typically includes templates and forms, scheduling, resource allocation, workflows, status reporting and more
Understanding Project Processes
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
Initiating
- Acknowledges that a project should begin
- Primary output is the project charter
Planning
- Create the project plan (communication plan, schedule, budget, resource plan, quality plan and more)
- Primary output is the project planning documents
Executing
- Work of the project begins
- Primary output is deliverables and status reports
Monitoring and Controlling
- Work results are monitored, changes requested, and problems corrected
- Primary output is change requests and corrective actions
Closing
- Project is completed and project documents closed out
- Primary output is signed off project documents and lessons learned
21st Century Project Management
- Project management is likely the same today as it was hundreds of years ago
Definition of a successful project
- The project results meet or exceed stakeholder expectations
Constraints
- Anything that restricts or dictates the actions of the project team
Key: determine the constraint that’s the primary driver
Triple Constraints
- Scope
- Schedule
- Budget
Other Constraints
- Quality
- Risk
- Resources