PMF05092014 Flashcards
Project goal should be a ______ that is easy for everyone to understand
Simple statement
A high level target that states the end result of the project
Project Goal
Further defines the goal by flushing out specific details. Smaller, detailed goals
Objectives
Types of objectives:
Strategies and tactics that supports business goals
E.g.
Increase traffic at our website
Reduce the return rates on orders
Business objectives
Types of objectives:
All about money matters
E.g.
Increase sales by 10%
Cut cost by 5%
Deliver a 15% return on investment
Financial objectives
Types of objectives:
Specify how good results must be
E.g.
Decrease returns by 20%
Increase customer satisfaction to 70%
Quality objectives
Types of objectives:
E.g.
Use of equupment design for environment
Use of computers with downtime under 2%
Technical objectives
Types of objectives:
E.g
Project finishes by release date
Use current company team members
Duplicate features from current system
Performance Objectives
Documenting objectives: How to document objectives well
Objectives should be:
Specific, measurable, realistic, time-related ( set a clear target date)
When writing a problem statement ____
Keep it short and simple
Easy to understand
How to evaluate alternatives and select the right solution
Selecting a strategy
Once you know the ____ for the project, you are likely to find more than one possible solution
Objectives
When selecting a strategy, you must first____
Assemble a small group of people familiar with the project to brainstorm strategy
Brainstorm group should read the following documents _____,______and ______ and begin generating possible strategies
Problem statement
Goal
Objectives
This activity should be a free flow of ideas. The purpose of this activity is to get as many ideas as possible before you begin to criticize or evaluate the strategies
Brainstorming
Strategy or Decision Matrix (see image)
Does the strategy meet the required ______?
Objectives
Strategy or Decision Matrix (see image)
How likely is this strategy meet the other _____?
Objectives
Strategy or Decision Matrix (see image)
Are the _____ of this strategy acceptable?
Risk
Strategy or Decision Matrix (see image)
Does this strategy fit the ____ of the organization
Culture
Recreate template (format) of Strategy/Decision Matrix
Check on paper
The _____you choose has to satisfy most, if not all, of the project ____
Strategy
Objectives
