Lesson 1 Flashcards
_______ involves the application of project management principles, methods, and tools specifically tailored to the unique challenges and requirements of IT projects.
IT project management
______ encompass the development, implementation, enhancement, or maintenance of IT systems, software applications, infrastructure, or technology-driven initiatives.
IT projects
Defining the project’s scope involves determining its objectives, deliverables, and boundaries to ensure alignment with stakeholder expectations. Clear scope definition prevents scope creep, which can lead to project delays, budget overruns, and dissatisfaction among stakeholders
Scope Management
Planning, scheduling, and monitoring project activities to ensure timely deliverables completion and
of milestones. Effective time management helps in meeting deadlines, optimizing resource utilization, and maintaining stakeholder confidence.
Time Management
Estimating, budgeting, and
controlling project costs to ensure optimal resource allocation and financial
performance. management
prevents
Cost
budget
overruns, maximizes ROI, and
enhances project profitability
Cost Management
Ensuring that project
deliverables meet predefined quality standards and satisfy user requirements. Quality management enhances customer satisfaction, reduces rework, and minimizes the risk of defects or errors.
Quality Management
Identifying, assessing, and mitigating project risks to minimize their potential negative impacts on project objectives.
Risk management
Proactive ______ enhances project resilience, improves decision-making, and increases the likelihood of project success.
Risk management
Establishing effective channels and mechanisms for communication among project stakeholders to facilitate collaboration and information exchange.
Communication management
It fosters transparency, reduces misunderstandings, and enhances stakeholder engagement and satisfaction.
Communication management
Recruiting, organizing, and managing project team members to maximize their productivity and contribution to project success. Effective human resource management (HRM) fosters teamwork, motivates team members, and enhances overall project performance.
Human Resource Management
Acquiring external resources, services, or products required for the project through procurement processes and vendor management.
Procurement Management
It ensures timely access to required resources, minimizes procurement risks, and optimizes vendor relationships.
Procurement Management
Common Methodologies and Frameworks
Sequential approach with distinct phases (e.g., requirements, design, development, testing) and minimal flexibility for change. Suitable for projects with well-defined requirements and stable scope.
Waterfall Model
Common Methodologies and Frameworks
Iterative and incremental approach emphasizing flexibility, collaboration, and responsiveness to change. Suitable for projects with evolving requirements and high levels of uncertainty.
Agile Methodology
Common Methodologies and Frameworks
Agile framework with iterative development cycles (sprints) regular feedback loops, and self-organizing cross-functional teams. Emphasizes adaptability, transparency, and continuous improvement.
Scrum Framework
Common Methodologies and Frameworks
Visual management approach for workflow optimization, emphasizing continuous delivery and incremental improvement. Focuses on visualizing work, limiting work in progress, and optimizing workflow.
Kanban Method
Challenges and Considerations
Uncontrolled expansion of project scope leading to increased costs, delays, and risks.
Scope Creep
Challenges and Considerations
Mitigated through effective scope management processes and change control mechanisms.
Scope Creep
Challenges and Considerations
Limited availability of skilled personnel, budgetary constraints, and technological limitations.
Resource Constraints
Challenges and Considerations
Addressed through resource planning, allocation optimization, and skill development initiatives.
Resource Constraints
Challenges and Considerations
Integration challenges, interoperability issues, and evolving technologies requiring specialized expertise.
Technical Complexity
Challenges and Considerations
Managed through technical assessments, expertise acquisition, and technology roadmapping.
Technical Complexity
Challenges and Considerations
Managing diverse stakeholder interests, expectations, and communication needs.
Stakeholder Management