Lecture 2. Flashcards
How to programme, project and portfolio management relate?
Individual programmes branches of into specific projects and all of it together is the portfolio.
When did project management become recognised as a profession?
In the 1960s.
What is optimising?
Optimising the outcome of project using math.
What is modelling?
Use hard and soft theory to model the project.
What is governance?
Govern the project and relations between project participants.
What is behavior?
Manage relation between people and project.
What is success?
Define success and failure, identify causes.
What is decision?
Info processing through the project life cycle.
What is process?
Find an appropriate path to the desired outcome.
What is contingency?
Categorise the project type to select appropriate systems
What is marketing?
Communicate with all skateholders to obtain their support.
Define project management.
Plan/control/coordination of project for client.
ID clients objectives.
Estab relation between people, funds equip and materials.
Looking for client satisfaction with project outcome.
Management environ created to deliver one or more business products.
Non-executive project manager is?
Role carried out in house to clients organisation or within interdisciplinary practices.
Executive project manager is?
Role undertaken by firm or person independent of the other contributors to the process.
Who can be the project manager?
Lead consultant, design and build contractor, management contractor or construction manager.
What are the five main processes in a project management life cycle?
Initiating processes, planning processes, executing processes, closing processes and controlling processes.
Forms of international involvement? (rarely just domestic)
Overseas client, international supply chain, international design team, foreign labour, complex overseas funding arrangements.
Aside from required skill set of a construction project manager what else is required?
Complex international rules and regulations, international contracts, cultural diversity issues, ICT technologies and many other unique aspects of management across borders.
Project success triangle corners?
Time, Cost, Quality.
Micro viewpoints of success.
Completion, Time, Cost, Quality, Performance, Safety.
Macro viewpoints of success.
Completion, Time Satisfaction, Utility, Operation.
What are key point indicators? (KPI)
A performance measurement. Made on a balanced scorecard using defined set of values to measure against. Values set against industry benchmark standard.
Are key point indicators public or private?
They can be either, depending on what the company decides.
Key point indicator positives.
Drive for continuous improvement, client satisfaction and service, passion to do right and better.
Key point indicator problems.
Accuracy, who is doing the measuring?
