Lecture 2.

Question 1

How to programme, project and portfolio management relate?

Answer 1

Individual programmes branches of into specific projects and all of it together is the portfolio.

Question 2

When did project management become recognised as a profession?

Answer 2

In the 1960s.

Question 3

What is optimising?

Answer 3

Optimising the outcome of project using math.

Question 4

What is modelling?

Answer 4

Use hard and soft theory to model the project.

Question 5

What is governance?

Answer 5

Govern the project and relations between project participants.

Question 6

What is behavior?

Answer 6

Manage relation between people and project.

Question 7

What is success?

Answer 7

Define success and failure, identify causes.

Question 8

What is decision?

Answer 8

Info processing through the project life cycle.

Question 9

What is process?

Answer 9

Find an appropriate path to the desired outcome.

Question 10

What is contingency?

Answer 10

Categorise the project type to select appropriate systems

Question 11

What is marketing?

Answer 11

Communicate with all skateholders to obtain their support.

Question 12

Define project management.

Answer 12

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.

Question 13

Non-executive project manager is?

Answer 13

Role carried out in house to clients organisation or within interdisciplinary practices.

Question 14

Executive project manager is?

Answer 14

Role undertaken by firm or person independent of the other contributors to the process.

Question 15

Who can be the project manager?

Answer 15

Lead consultant, design and build contractor, management contractor or construction manager.

Question 16

What are the five main processes in a project management life cycle?

Answer 16

Initiating processes, planning processes, executing processes, closing processes and controlling processes.

Question 17

Forms of international involvement? (rarely just domestic)

Answer 17

Overseas client, international supply chain, international design team, foreign labour, complex overseas funding arrangements.

Question 18

Aside from required skill set of a construction project manager what else is required?

Answer 18

Complex international rules and regulations, international contracts, cultural diversity issues, ICT technologies and many other unique aspects of management across borders.

Question 19

Project success triangle corners?

Answer 19

Time, Cost, Quality.

Question 20

Micro viewpoints of success.

Answer 20

Completion, Time, Cost, Quality, Performance, Safety.

Question 21

Macro viewpoints of success.

Answer 21

Completion, Time Satisfaction, Utility, Operation.

Question 22

What are key point indicators? (KPI)

Answer 22

A performance measurement. Made on a balanced scorecard using defined set of values to measure against. Values set against industry benchmark standard.

Question 23

Are key point indicators public or private?

Answer 23

They can be either, depending on what the company decides.

Question 24

Key point indicator positives.

Answer 24

Drive for continuous improvement, client satisfaction and service, passion to do right and better.

Question 25

Key point indicator problems.

Answer 25

Accuracy, who is doing the measuring?