Crosswinds: Chapter 3 Flashcards
The business environment in which projects operate can consist of and be influenced by
a variety of factors (4 total)
- Governance
- Strategic (long term) planning
- Portfolios and portfolio management
- Programs and program management
Agile
is an adaptive, iterative approach to projects that expects and embraces change
and stresses self-organizing teams, transparent and up-to-date communication, and an intense level of participation by the product owner/customer. Agile is flexible and varies from team to team based on the team’s culture, diversity, and globalization.
Agile Manifesto
promotes the adoption and expansion of Agile software development and supports those who explore and apply Agile principles and practices for the benefit of the software industry.
Balanced Matrix
The balanced matrix organization represents the middle ground between a strong matrix organization and a weak matrix organization. The functional manager controls resources and the project manager delivers project results.
Burndown Charts
A release burndown chart depicts the number of story points (a unit of measurement
that represents the size of a user story relative to the other user stories in the project) that remain in the project at the start of each iteration. If work is added to the release, the burndown chart may reflect a burnup
Closing Process Group
The Close Project or Phase process involves the completion of
activities across all process groups for the project, phase, or contract. Once completed, the related project, phase, or contract
information must be archived and all organizational resources released. The process is performed once or at predefined points in the project.
Cost Benefit Analysis
A cost benefit analysis is used to weigh project costs against anticipated tangible project benefits.
Governance
at the portfolio, program, or project level, is a
framework that provides the template for defining and maintaining the processes and functions that result in successful portfolios, programs, and projects.
Governance Functions
- Oversight Processes/activities for guidance, direction, and leadership
- Decision-Making Processes/activities for structure and delegation of authority
- Integration Processes/activities for strategic alignment of programs and projects
- Control Processes/activities for monitoring, measuring, and reporting
The four steps for implementing governance framework are
- Assess To review and analyze the current state of governance
- Plan To plan for the desired future state of governance
- Implement To execute the governance plan
- Improve To review the state of governance and identify improvement opportunitie
Organizational project management
a strategy framework
that accommodates the alignment of project, program, and portfolio management practices with organizational strategy and goals. The framework can be adjusted as needed for the alignment of portfolios, programs, or projects with organizational goals.
Portfolio Management
Portfolio management involves the coordinated management
of one or more portfolios to align with the overall strategic goals of the company.
Portfolio
a group of programs and projects that are centrally
managed to align with the company’s strategic plan. A company could have multiple portfolios in order to achieve it’s strategic business goals and each portfolio could represent work being done for a particular product line; for a particular grouping of products; or by a particular group, division, or branch of the company.
Program Management
involves the coordinated management
of the projects within a program to align with the strategic goals of the company.
Benefits Management
involves the establishment of the benefits
a program is expected to deliver to an organization; includes
Establishment of SMART (Specific, Measurable, Actual, Realistic, Time-based) benefits