E2 Flashcards
what are the key attributes of a project?
- unique undertaking
- specific objective
- defined beginning and end
- project has allocated resources
- stakeholders
- some degree of uncertainty
- integrated into day-to-day once completed
what are some other constraints on a project?
- legal
- technological
- political
- environmental
- ethical
what are the different types of feasibility looked at in feasibility study?
technical
social (operational)
ecological (environmental)
economic (financial)
what does a PID include to show stakeholders are in general agreement?
- defines the project and its scope
- justifies the project
- secured funding for the project, if necessary
- defined the roles and responsibilities of project participants
- gives people the information they need to be productive and effective right from the start
why do some projects fail?
- poor leadership
- emphasis on maintaining the plan rather than managing the project
- resources may not be managed realistically
- poor setimates
- inadequate skills
- work breakdown
how can risk and uncertainty be dealt with in the detailed planning stage?
PERT:Project Evaluation and Review Technique
scenario planning
buffering
what is the role of the project manager?
responsible for successful delivery of the project objectives
- ensuring project objectives are achieved
- making decisions relating to system resources
- planning, monitoring and controlling the project
- selecting, building and motivating the project team
- serving as a point of contact with management hierarchy
- communicating with the chain of command
- selecting and managing subcontractors
- recommending termination where necessary
what are the 4 strategies of the ecosystem archetypes?
HORNET’S NEST: fragmented competition
LION’S PRIDE: winner-take-all
SHARK TANK: turbulent environment
WOLF PACK: collaboration
According to the World Economic Forum/Accenture analysis, what do digital customers want?
contextualised interactions:individualised products
seamless experience across channels-continue where they left off
anytime anywhere:24/7 accessibility
great service:regardless of loyalty, shop around
self service:prepared to spend time to get what they want
transparency-best value for money, protect consumer data
peer reviews/advocacy-trust reviews, trade journals
Accenture Technology Vision 2015 report highlighted which 5 emerging trends that were SHAPING TECH LANDSCAPE?
- internet of Me:user focused, personalised
- Outcome economy: better ability to measure outcome, customers more attracted to outcome than just products
- Platform (r)evolution:global platforms easier to establish and cheaper to run, Cloud computing, mobile tech offer potential for innovation and quicker delivery of services, fast evolutions
- The intelligent enterprise:use data to enable more innovation and achieve efficiency
- Workforce reimagined: role of humans is important too, just used in different way. Find ways for workforce and humans to work together
what abilities will the executive leadership team/board need to exhibit to properly take advantage of a move to digital?
- INSPIRATIONAL LEADERSHIP
- take ownership, guide from top, inspire confidence - COMPETITIVE EDGE
- persuade change in mindset, motivate innovation - ESTABLISHING A STRATEGIC DIRECTION
- digital strategy may be different - INFLUENCE EXTERNAL PARTIES
- greater uncertainty, need to be persuasive and articulate compelling value proposition - COLLABORATION
- careful though, which ecosystem to join - BUSINESS JUDGEMENT
- what sort of business model, many unknowns - EXECUTION
- people and tech work together to produce outcomes - BUILDING TALENT
- identify skills needed and manage/training and recruitment to ensure that the business has those skills, new role such as Chief Digital Office
what are the 5 approaches the World Economic Forum on ‘Digital Transformation of Industries’ suggest a firm needs to ADOPT?
Build Buy Partner Invest Accelerate/Incubate
what are the 5 successful DIGITAL OPERATING MODELS identified by the World Economic Forum-Digital Transformation Initiative?
Customer-centric Extra-frugal Data powered Skynet Open and Liquid
according to the WEF, what six key roles should CEOs fulfil?
- creator of vision and mission
- strategic planner
- driver of information-based business models
- enabler of the shift to on-demand operating models
- innovation promoter
- operational excellence driver
Successful teams according to Petes?
- small
- start and end date
- voluntary membership
- communication informal and unstructured
- action oriented
