Part 4 Flashcards
What is the Develop Project Charter process?
Develop Project Charter is the process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
What are the key benefits of the Develop Project Charter process?
The key benefits of this process are that it provides a direct link between the project and the strategic objectives of the organization, creates a formal record of the project, and shows the organizational commitment to the project. This process is performed once or at predefined points in the project.
Who makes the project charter?
The project charter can be developed by the sponsor or the project manager in collaboration with the initiating entity. This collaboration allows the project manager to have a better understanding of the project purpose, objectives, and expected benefits. This understanding will better allow for efficient resource allocation to project activities.
What does the Develop Project Charter phase actually do?
Documents that you have the authority to apply org resources to the project, serves as a formal record, and links the project to the org strategy.
What are the inputs for a project charter?
Business documents – business case, benefits mgmt. plan
Agreements – contracts, MOUs, SLAs
Enterprise environmental factors
Org process assets
What is a business case?
This describes the necessary info from a business view point to decide if the outcomes justify the investment. The cost-benefits analysis provides and justifies the boundaries for the project. The BC comes from changes in market dd, org needs, tech changes, legal etc.
What does EEFs include?
Govt or industry standard
Legal and regulatory changes
Marketplace, org culture and political climate
Stakeholder expectations
What are org process assets?
Standard policies
Project governance frameworks
Templates
Historical info and lessons learned
What are the tools & techniques for the Develop Project Charter process?
Expert judgement – technical, risk, subject matter, budgetary, benefits mgmt.
Data gathering – including brainstorming, focus groups and interviews
Interpersonal skills used in meetings – conflict mgmt. & facilitation, meeting mgmt. -> to get alignment in objectives, success criteria, requirements
What is the develop project management plan step about?
Develop Project Management Plan is the process of defining, preparing, and coordinating all plan components and consolidating them into an integrated project management plan.
What is the key benefit of the Develop Project Mgmt. Plan phase?
The key benefit of this process is the production of a comprehensive document that defines the basis of all project work and how the work will be performed. This process is performed once or at predefined points in the project.
What does the project management plan define?
The project management plan defines how the project is executed, monitored and controlled, and closed. It integrates and consolidates all of the subsidiary management plans and baselines, and other information necessary to manage the project.
How does baselining work in the project management plan?
The project management plan should be baselined; that is, it is necessary to define at least the project references for scope, time, and cost, so that the project execution can be measured and compared to those references and performance can be managed. Before the baselines are defined, the project management plan may be updated as many times as necessary. No formal process is required at that time. But, once it is baselined, it may only be changed through the Perform Integrated Change Control process.
What are the inputs to the project management plan?
Project charter
Outputs from other processes
EEFs
Org process assets
What are the tools & techniques for the Develop Project Mgmt. Plan process?
Expert judgement – tailoring, determining tools & techniques, resources and skill levels needed, prioritising
Data gathering – brainstorming ideas around the project approach, checklists (org assets, industry), focus groups and interviews with stakeholders
Interpersonal skills – conflict mgmt., facilitation, meeting mgmt.
Meetings
For this process, meetings discuss the project approach, how work will be executed and the way monitoring and controlling will work. The project kick off is normally associated with the end of planning and the beginning of executing – communicating to the team the objectives, get buy in, and explain the roles and responsibilities.
What are the project management plan outputs?
Project management plan
This has subsidiary management plans, baselines and additional components.
What is Direct and Manage Project Work?
Direct and Manage Project Work is the process of leading and performing the work defined in the project management plan and implementing approved changes to achieve the project’s objectives.
What is the key benefit of the Direct and Manage Work process?
The key benefit of this process is that it provides overall management of the project work and deliverables, thus improving the probability of project success. This process is performed throughout the project.