Project+ Extra 2

Question 1

Portfolio Managers : executives in portfolio review board are part of project selection committees and belong to high-level project governance side of org. Gauging ROI of project, identifying value of project, analyzing risks involved in taking up the project, identifying factors that may influence the project.

Program Managers : in coordination w/PMs manage related projects in a program to obtain max benefits, they also provide guidance and support to every individual project.

Answer 1

Stakeholders (#2)

Question 2

??? admin support services, including processes, methodologies, policies, standards, and templates. Any KPI and parameters that will allow projects to measure their success. Training and mentoring support to PMs and project team members. Support and guidance in managing projects and usage of tools. Support for resource allocation. Assistance in better communication among PMs, sponsors, and other stakeholders.

Answer 2

Stakeholders (#3) - PMO

Question 3

??? works w/stakeholders to define the project. Plans, schedules and budgets project activities w/team input. Works w/team to carry out project plans. Monitors performance and takes corrective action. Identifies, monitors, and mitigates risks. Keeps sponsor and stakeholders informed. Requests and documents scope changes. Provides timely reports on project metrics. Acts as liason between project team and other stakeholders.

Answer 3

PM

Question 4

??? acting as procurement manager for projects that involve multiple contracts and vendors. Being responsible for inputting data into PMIS and confirming accuracy of data. Assuming role of PM in his or her absence.

Answer 4

Project Management Team :

Question 5

??? role exists when org. does not warrant or support a full scale PM. ??? requires cross-functional coordination -> admin support and documentation assistance, time and resource scheduling, quality control checking.

Answer 5

Project Coordinator

Question 6

??? creates and maintains the project timeline, communicates timeline and schedule changes, monitors schedule status and solicit task status from resources, report schedule performance.

Answer 6

Scheduler :

Question 7

??? comprises the PM, project management team, and other team members. Use expertise to contribute to completing project tasks, contribute to deliverables on schedule, provide estimates of task duration, provide estimates of costs and dependencies.

Answer 7

Project Team

Question 8

??? external to company parties that enter contractual agreement w/org. and provide components or services needed for the project. Business partners are external to company and provide specialized support to tasks such as installation, customization, training, or support.

Answer 8

Vendors and Business Partners :

Question 9

??? manage core business areas such as design, manufacturing, provisioning, testing, research and development, or maintenance side of org. Directly managing production and maintenance of final products and services the org. provides. Handing off technical project documentation and other records to operations management group upon project completion.

Answer 9

Operations Manager :

Question 10

??? act as communication central on a project , interfacing with executives, functional managers, customers, vendors, project team members, and other interested parties out of the project. PMs need to negotiate for resources - time, money, people, and equipment.

Answer 10

PMs