Related Areas of Project Management

Question 1

What is Program Management

Answer 1

Programs have Multiple Related Projects

Question 2

What is Portfolio Management

Answer 2

Portfolios are oversights of all the programs and projects. They are used to maximize the return on investment.

Question 3

What are Project Management Offices

Answer 3

They Support Project Managers

• Manage shared resources (people, tools, budgets)
• Provide coaching, mentoring, training
• Develop & Manage processes and procedures
• Conduct Project Audits
• Facilitate communications across projects

Question 4

What are the 3 Types of Project Management Offices

Answer 4

Supportive - Consultative role, templates, training
Controlling - Compliance through framework, specific forms, governance
Directive - Directly manages and is a part of the project as the PMO & controls the life cycle

Question 5

Whats the difference between Projects and Operations?

Answer 5

Projects are temporary, Operations are on-going.

Projects:

• New products or services
• MACD (Moving, Adding, Changing, Deleting)

Operations:

• Repetitive actions
• Maintenance
• Core Business functions

Question 6

What is OPM?

Answer 6

Organizational Project Management

• Coordinate, manage, and control projects, programs AND portfolios in a uniform, consistent effort (everyone using the same tools and processes)
• Consistently deliver better projects

Question 7

What are the OPM Facts and how it works

Answer 7

1. Strategy: What are the goals and tactics
2. Value Decisions: “How does this make our business more value?”
3. Results delivery: What approach gets results done
   4.

Question 8

What is the hierarchy of Projects, OPM, Portfolio & Programs?

Answer 8

OPM > Portfolio > Programs + Projects

Question 9

What is the OPM Projects & Strategy Planning Triangle

Answer 9

Executives at the top: The Why/Goals
Functional Management: The What, what strategies and techniques do we use to achieve the Executive goals
Operations: The How, how it gets executed

Question 10

In OPM What are Project Based Organizations?

Answer 10

Organizations whos profit comes from doing Projects for others. (like a construction company building homes)

Question 11

In OPM What is Organizational Governance

Answer 11

Governance are the rules and framework of the organization that must be followed

Question 12

In OPM What is “Culture”

Answer 12

Culture is the overall feel and look that effect how you do the work and how you operate in a company.

Question 13

What is Project “Environment”

Answer 13

The Environment the Project is taking place, plan around the physical location, and can influence the ROI and if we even can or will do the Project.

Question 14

Physical Environmental Elements

Answer 14

Location of work, also the working conditions such as Weather
Working conditions
External-EEF
Constraints

Question 15

What are examples of Social and Cultural Influences that may affect a project?

Answer 15

Political Climate
Ethics
Values
Perceptions
External-EEF

Question 16

Examples of Organizational Structure / Culture

Answer 16

Values and beliefs
Mission
Vision
Hierarchy & authority
Organizational & Management style
Internal EEF

Question 17

Examples of Infrastructure Environmental Factors

Answer 17

Facilities
Equipment
IT Hardware and usability
Telecommunication Channels