Traditional Project Management Concepts Flashcards
(170 cards)
How does a project manager engage with stakeholders throughout the project?
A project manager engages with stakeholders through regular communication, collaboration, managing expectations, involving them in decision-making, addressing concerns, and ensuring their interests are considered throughout the project life cycle
What are the implications of regulatory compliance on a project?
Regulatory compliance affects project planning, execution, and monitoring, requiring adherence to laws, standards, and regulations. It impacts design, safety, quality, risk management, reporting, and can have legal, financial, and reputational consequences if not followed
What is the value of a communication plan in project management?
A communication plan in project management ensures that information is effectively shared among stakeholders. It defines what, when, how, and to whom information will be communicated, enhancing clarity, engagement, collaboration, and control.
What techniques are used for quality management in project management?
Techniques for quality management in project management include quality planning, quality assurance, quality control, using tools like Six Sigma, Total Quality Management, Continuous Improvement, process mapping, statistical analysis, audits, and lessons learned.
What is the value of a lessons learned process in project management?
The lessons learned process captures insights, successes, and failures during a project. It promotes continuous improvement, knowledge sharing, risk reduction, and better planning and execution in future projects.
How can project managers manage competing project constraints?
Managing competing project constraints requires prioritizing, balancing, negotiating, employing risk management, continuous monitoring, and making informed trade-offs to align with project objectives, stakeholder expectations, and organizational goals.
How do organizational policies and procedures influence project management?
Organizational policies and procedures provide guidelines and standards for project planning, execution, reporting, and control. They ensure alignment with organizational culture, compliance, quality, and consistent project management practices
How do socio-economic factors affect the environment in which projects operate?
Socio-economic factors such as economic conditions, social norms, and political landscape can influence a project’s feasibility, risks, stakeholder expectations, regulatory requirements, and overall success.
What’s the importance of ethical considerations in project management?
Ethical considerations ensure integrity, honesty, fairness, transparency, professionalism, compliance with laws and regulations, stakeholder trust, positive reputation, and alignment with organizational values and social responsibilities in project management
What is the relationship between project, program, and portfolio management?
Project management focuses on individual projects, program management aligns related projects,and portfolio management oversees all projects and programs within an organization to ensurealignment with strategic objectives.
What strategies can be employed to manage virtual project teams?
Managing virtual project teams may involve leveraging collaboration tools, setting clear expectations, fostering communication, accommodating time zones, building trust, providing continuous support, and recognizing and celebrating achievements.
What are the differences between a project and a program?
A project is a temporary endeavor with a specific goal, while a program is a collection of related projects managed in a coordinated manner. Programs focus on long-term outcomes, strategic alignment, resource optimization, and overall performance, whereas projects focus on specific deliverables.
How does the organizational process asset affect a project?
Organizational process assets, such as policies, procedures, and historical information, guide project planning and execution. They provide valuable insights, templates, and best practices that enhance project management.
What are the potential benefits and challenges of implementing Agile methodologies in projectmanagement?
Agile methodologies in project management offer benefits like flexibility, adaptability, customer collaboration, and iterative progress. Challenges may include resistance to change, difficulties in planning, maintaining team cohesion, and aligning with traditional organizational processes.
What role does change management play in the execution of a project?
Change management in a project ensures a structured approach to assessing, implementing, and controlling changes. It minimizes disruption, maintains alignment with objectives, and ensures stakeholder acceptance and project success
What considerations are involved in selecting a project methodology?
Selecting a project methodology involves considering factors such as project complexity, stakeholder needs, organizational culture, available resources, timeframe, and the specific goals and risks of the project.
How do project managers handle conflicts within the team?
Project managers handle conflicts by identifying root causes, facilitating open communication, employing negotiation and mediation, aligning goals and expectations, promoting empathy and respect, and taking timely and fair decisions to resolve conflicts
Why is building trust within a project team important?
Building trust within a project team fosters open communication, collaboration, accountability, and commitment. It enhances team cohesion, problem-solving, innovation, and overall team performance and success.
What are some differences between project work and operational work?
Project work is temporary and unique, aimed at achieving specific goals, whereas operational work is ongoing and repetitive, focused on maintaining day-to-day business functions
How do project managers assess and manage project complexity?
Project managers assess and manage complexity by analyzing factors like scope, technology, stakeholders, risks, constraints, organizational dynamics, employing suitable methodologies, robust planning, adaptive management, and continuous monitoring and learning
What are the different stages of project life cycle?
The different stages of a project life cycle typically include initiation, planning, execution, monitoring and controlling, and closure. These stages guide the project from conception through completion, with specific processes and activities for each phase
What is the importance of a project charter?
A project charter formally authorizes the project, defines its purpose, objectives, scope, stakeholders, constraints, assumptions, and high-level requirements. It provides a shared understanding, guides project planning, and establishes the project manager’s authority
What are the common challenges in managing international projects?
Common challenges in managing international projects include cultural differences, legal and regulatory compliance, currency fluctuations, communication barriers, time zone differences, political risks, global sourcing, stakeholder coordination, and travel logistics
How can project managers deal with uncertainty?
Project managers can deal with uncertainty by employing risk management, contingency planning, flexible methodologies, adaptive planning, continuous monitoring, proactive communication, stakeholder engagement, and learning from experience