Ch 2. Frameworks Flashcards
What is the definition of a project?
Temporary, Creates a unique project, service or result
What is operational work?
Ongoing work to support the business and system of the org.
What is the definition of:
- a program
- a portfolio
Program: a group of interrelated projects, managed in a coordinated way.
Portfolio: a group of programs, individual projects, and related operational work to achieve specific strategic buess goal.
What is organizational project management (OPM)
What are its benefits?
A framework for keeping the org focused on its overall strategy.
Provides direction for how portfolios, programs, projects, and other organizational work should be prioritized, managed, executed, and measured to best achieve the firm’s strategic goals.
What is OPM3 ?
A PMI model designed to help orgs determine their level of maturity in project management
What is project management office PMO?
What are the 3 possible formats of PMO?
A department that centralizes and standzies the management of projects
- Supportive
- Contalling
- Directive
What are project constraints?
Time Cost Risk Scope Quality Resources Customer satisfaction
Constraints are used to help evaluate commenting demands
Who are project stakeholders?
Anyone whose interest maybe positive or negative impacted by the project
What are the primary forms of organizational structure?
- Functional
- Projectized
- Matrix
What is a functional organization?
The organization is grouped by areas of specialization (e.g, accounting marketing)
What is a projectized org?
The organization is grouped by projects.
The team has no department to go at the project end
The project manager has total control of the resources
What is a matrix org?
A blend of functional and projectized orgs where the team members have two bosses (the project manager and functional manager)
What is a strong matrix org?
A matrix org where the balance of power rests with the project manager instead of the functional manager
What is a weak matrix org?
What role might the project manager play in a weak matrix?
A matrix org where the balance of power rests with the functional manager instead of the project manager
A project expediter or project coordinator
What is a balance matrix org?
A matrix org where power is equally balanced between the project manager and the functional manager