(1, 1) – Major Programmes and Projects: Impact on Supply Chain Relationships Flashcards
What is the difference between a project and a programme?
Project – concerned with a specific and individualised piece of work. Projects focus on a finite task.
Programme – A programme is a structured approach to managing multiple projects which each contribute to the programme.
What is Mendelow’s matrix used for stakeholder mapping?
Low Power, Low Interest – Minimal effort
Low Power, High Interest – Keep informed
High Power, Low Interest – Keep satisfied
High Power, High Interest – Key players
What is the iron triangle of project management?
There are three areas of possible compromise: Quality, Time, and Cost
Safety is in the middle and must be managed through risk management.
What are 6 key critical elements by Michael Greer which lead to success of a project?
Clear mission & Objectives – statement of goals
Planning – showing clear deliverables
Stakeholder Engagement – clear agreement from project sponsors
Resourcing – SQEP personnel engaged
Communication – A structured plan to communication
Troubleshooting / Risk Management – Sufficient resources to identify and deal with problems
What are Michael Greers guaranteed routes to project failure?
No prioritisation of workload
Project sponsors/stakeholders have a passive role
Too many committees & meetings
Team members interrupted
PM’s forced to accept changing deliverables mid project
New stakeholders joining part way through
Lack of commitment to deliverables from sponsors
PMs have responsibility but not authority
PM’s are too vague and misunderstood
Project teams are set up too quickly and lack documented agreements
What 7 elements did Meredith and Mantel break down a project into?
Interdependence – many tasks and activities are interdependent
Importance – The project must be recognised as important
Performance – Projects have clearly defined results
Life Cycle and Finite Date
Uniqueness – most projects have an element of uniqueness
Resource – financial, human and other resources
Conflict – PM’s will have to deal with conflict
What is a WBS?
A “work breakdown structure” has multiple levels which are used to separate the project. E.g.
Level 1 activities determine scope of project
Level 2 activities breakdown the project into high level deliverables
Level 3 activities are lower level and must be completed to achieve level 2 goals
Level 4 activities are tasks needed to complete level 3 goals
What is Privity of a contract?
It is where there is no contractual obligations between the buyer and sub-contractors.
What is a joint venture?
A joint venture is a form of buying where parties agree to share set-up costs of a project and co-fund on an ongoing basis. This is done often where a project is too big or complex for one organisation.
