Second Midterm, Chapter 4 (Slides & Textbook) Flashcards
The Project Planning Phase attempts to answer the following questions:
- What work needs to be done?
- Who will do the work?
- What resources will be needed to do the work?
- When will they do the work?
- How long will it take?
- How much will it cost?
- Does the time, money, and resources invested support the project’s MOV
Projects have…
- An infrastructure
- Governance
- Required resources
- ProjectCharter
What does ‘Project Governance’ do?
It provides a framework to ensure that a project aligns with a chosen business strategy while ensuring that the time, money, and resources provide real value to the organization.
A project’s governance must define:
- Structure
- Authorization
- Oversight and Accountability
- Decision Making
- Resources
The Roles of the Project Manager:
Managerial role
Leadership roles
Attributes of a successful project manager:
Ability to communicate with people
Ability to deal with people
Ability to create and sustain relationships
Ability to organize
The Project Team needs:
- TechnologySkills
- Business/organization knowledge
- Interpersonalskills
This infrastructure is:
documented in the project charter and identifies the project’s governance structure and all of the project resources.
A project governance structure provides:
a framework to guide all of the project decisions. This often includes the formation of a governance committee that represents the different interests of the project stakeholders.
The project’s MOV, infrastructure, and project objectives are documented in the _____.
project charter
An organizational governance structure to set:
strategic direction and to guide performance.
Organizational governance attempts to provide a set of values, methods, and processes to:
LIST THREE ITEMS
- Set organizational strategy and objectives
- Provide resources (people, processes, tools, and technology) to achieve the organizational strategy and objectives
- Monitor and control activities to ensure that the organizational resources are used efficiently and effectively
Project governance provides a framework to ensure that:
a project aligns with a chosen business strategy while ensuring that the time, money, and resources provide real value to the organization.
Project governance must define the following:
- structure
- authorization
- oversight and accountability
- decision making
- resources
What is a project management office (PMO)?
A group or department within the organization that oversees all of the project management standards, methods, and policies based on, for example, either PMBOK® or PRINCE2®.
