M14-PM & OCM

Question 1

WHAT is project management

Answer 1

using specific knowledge, skills, tools and techniques to deliver something of value to people

Question 2

what is a project

Answer 2

constructing a building, relief effrots, expanding sales to new market

Question 3

characteristics of a project

Answer 3

• temporary effort
  -has a beginning and end
  -has a team a budget a scheudle
• have a set of expectations
  -each is unique and non daily operations
• they reach a conclusion once the goal is achieved

Question 4

who are project managers

Answer 4

1. change agents
2. make projects goals their own
3. use skills and expertise to inspire a team

Question 5

two evolutions of project managers

Answer 5

program maners , or portforlio manager

Question 6

program manager

Answer 6

manages multiple related projects

Question 7

portfolio manager

Answer 7

responsible for selection, priorirtizianton, and and alignment of projects and programs

Question 8

project management structure/exection EXAMPLES

Answer 8

1- project teams
2- project working groups
3- project steering committees
4- projects can be part of a program (Related)

Question 9

what is project planning

Answer 9

detailed planning that generates answers to business questions

-> answers why wea re doing project and what project will accomplish for busiesns

Question 10

what is key project collateral

Answer 10

• defined project objectives and scope
  -project charter
  -project plan
  -PERT
  -GANTT CHART

Question 11

what is project charter

Answer 11

concise writen description of the intended work

Question 12

what is project plan

Answer 12

activiteis, scheudle, time estimates, cost estimates, risk factors

Question 13

what is PERT

Answer 13

PROJECT tasks, relations,a dn dependencies

Question 14

in sourcing

Answer 14

use internal expertise to develop and maintain

Question 15

what is outsourcing

Answer 15

onshore
nearshore
offshore

Question 16

why outsource

Answer 16

focus on core competencies, get financial savings, have rapid growth/speed to amrket

Question 17

what is OCM

Answer 17

Organizational change refers to the actions in which a company
or business alters a major component of its organization, such as
its culture, the underlying technologies or infrastructure it uses
to operate, or its internal processes.
* Organizational change management is the method of leveraging
change to bring about a successful resolution, and it typically
includes three major phases: Preparation, implementation, and
follow-through.

Question 18

what drives org change

Answer 18

The implementation of new technology, or major changes in
existing technology
* The adoption of new business models, which could be driven
by Mergers & acquisitions, dispositions etc
* Shifts in the organizational division, department, and/or team
structure
* Changes in leadership of the company or within departments

Question 19

types or org change

Answer 19

adaptive:
—Small, incremental changes evolving over time
—Minor adjustments or modifications that can be fine-tuned and implemented to execute
on business strategie

trasnfrotamional:
-large scale and scope
-can be a shift in mission strategy, company/team structure, people, or business
processes
—Substantial time, resources and energy to enact
—Often driven by external forces, competitors as an example

Question 20

why is ocm important

Answer 20

• Organizational change is necessary for companies to succeed and grow
• Change management drives the successful adoption and usage of change within
  the business. It allows employees to understand and commit to the shift and work
  effectively during it
• Without effective organizational change management, company transitions can be
  rocky and expensive in terms of both time and resources
• They can also result in lower employee morale and competent skill development
• Ultimately, a lack of effective change management can lead the organization to fail

Question 21

how to prepare for ocm

Answer 21

• Define the organizational change, understand it, and gain support
  from colleagues and stakeholders
• Create a roadmap that clearly articulates and measures success, and
  explains how everyone will be affected
• Ensure the process plan aligns with business goals
• Outline the implementation and sustainability
• Know what challenges may arise
• Be sure to celebrate small victories along the way

Question 22

step by step guide to org change

Answer 22

• Get a tangible, realistic vision
• Embrace change management
• Get constant feedback from your teams
  and employees
• Use the right tools
• Lead the project with top leadership skills
• Communicate as effectively as possible