Ch2.2 Project Stakeholders and Governance

Question 1

Stakeholder

Answer 1

Individual, group, organization who may affect, be affected by, or perceive to be affected by a decision, activity, or outcome of a project

Question 2

Stakeholders do what to a project

Answer 2

May exert competing influence over project, deliverables, project team to ACHIEVE A SET OF OUTCOMES that satisfy strategic business objectives or other needs

Question 3

Project governance

Answer 3

Alignment of the project with stakeholders’ needs or objectives

Question 4

What is critical to successful management of stakeholder engagement and achievement or organizational objectives

Answer 4

Project Governance

Question 5

What does Project Governance allow

Answer 5

1) Enables organizations to consistently manage projects 2) maximize the value of project outcomes
3) align projects with business strategy

Question 6

Project Governance provides what

Answer 6

Framework in which PM and sponsors can make decision that satisfy both stakeholder needs, expectations, organizational strategic objectives or address circumstances where these may not be in alignment

Question 7

Examples of project stakeholders

Answer 7

Sponsor
Customer/user
Seller
Business partner
Org group
Functional mgr
Other stakeholders

Question 8

Project Governance Framework

Answer 8

Provides PM and team with structure, processes, decision-making models and tools for managing the project while supporting/controlling project for successful delivery
Helps make project decisions, roles, responsibilities, accountabilities for success of project
Determines effectiveness of PM

Question 9

Examples of Project Governance Framework

Answer 9

Project success
Acceptance criteria
Process for issue identification and resolution
Relationship among project team
Project org chart
Process for information communication
Decision making process
Guidelines for governance and org strategy alignment
PLC approach
Stage gate/phase reviews
Change review process
Project process requirements

Question 10

With Project Governance Framework, how much flexibility does team have

Answer 10

Team is still responsible for planning, executing, controlling and closing project.
Approach = PROJECT MANAGEMENT PLAN

Question 11

Project success

Answer 11

Measured in terms of completing project within the constraints of scope, time, cost, quality, resource, risk
Referred to as last baselines approved by stakeholders

Question 12

PM’s responsibilities for ensuring project success

Answer 12

PM is responsible for setting realistic and achievable boundaries for project, and to accomplish within approved baselines