1 - Business Environment Flashcards
What are the main characteristics of a project?
- Drives change
- Creates a unique product/service/result
- Creates values for the organization and its stakeholders
- Is time-limited
Project success depends on:
- Organizational project maturity
- Project manager effectiveness
- Funding and resource availability
- Team member skill levels
- Collaboration and communication within the team and with stakeholders
- Understanding of the core problem and related needs
A change-based (adaptive/agile) approach is based on:
- Iterative and incremental development
- Timeboxed iterations (sprints)
Who does control the value proposition in the adaptive development approach?
Product Owner
What are the types of PMO (Project Management Office)?
- Supportive (trains, develops best practices)
- Controlling (monitors compliance)
- Directive (coordinates across projects, manages shared resources)
- Agile Centers of Excellence (builds agile mindset/skills)
What does the OPM (Organizational Project Management) do?
- Identifies the system of relationships between portfolios, programs, projects and operations
- Defines the system interactions to deliver value based on the organization strategy
What are the purposes of:
- Project Management
- Program Management
- Portfolio Management
- Project Management: enable achievement of organizational objectives
- Program Management: coordinate interdependencies between projects to achieve benefits not available from managing them individually
- Portfolio Management: achieve strategic objectives
What kind of organizational structures does exist?
- Functional
- Matrix
- Project-oriented
- Composite
What are the values of the Agile Manifesto?
- Individuals and interaction OVER process and tools
- Working software OVER Comprehensive documentation
- Customer collaboration OVER Contract negotiation
- Responding to change OVER Following a plan
In general, “agile” means:
- Short iterations
- Product is more likely to evolve based on stakeholder feedback
What are the most used frameworks to understand the External Business Environment?
- PESTLE
- TECOP
- VUCA
Other tools:
- Feasibility study
- SWOT analysis
- Comparative advantage analysis
- Assumption analysis
- Historical information analysis
What are typical types of business value?
- Financial gain
- New customers
- Social benefit
- First to market
- Improvement (technological, process)
- Regularization
Does the “Needs Assessment” come before or after the Business Case?
Before
What does a “Needs Assessment” do?
- Defines business goals
- Highlights issues, risks and opportunities
- States constraints and assumptions
- Defines success measures
- Suggests implementation
What does a Business Case establish?
- Business need
- Cost-benefit analysis
- Quality specs
- Schedule and cost constraints
