Section 5: Related Areas Of Project Management (Lect. Notes)

Question 1

What is Program Management

Answer 1

This is multiple related projects, that work towards a common benefit. Program managers orchestrate many different areas and projects.

Question 2

Portfolios are

Answer 2

Portfolios are all the investments that are in an organization.
.

Question 3

Portfolio Management is

Answer 3

Portfolios are about maximizing return on investment which include managing Programs, projects and organizations.

Question 4

What are the Considerations of a Portfolio manager.

Answer 4

• Scope
• Change
• Planning
• Management
• Success Factors
• Monitoring

Question 5

What are 6 things that a Project Management Office does?

Answer 5

• Supports project managers
• Manage shared resources across the PMO
• Coaching, mentoring and training
• Conducting project audits
• Developing and managing processes and procedures
• Facilitating communications across projects

Question 6

What are the 3 types of Project Management Offices? with descriptions

Answer 6

• Supportive: consultative role, templates, training
• Controlling: compliance through a framework, specific forms and templates, governance
• Directive: directly manages the project as the PMO own and controls the project life cycle.

Question 7

What is OPM and what does it do?

Answer 7

Organizational Project Management coordinates, manages and controls projects, programs and portfolio management in a uniform, consistent effort.
This is done so that you don’t have multiple types of project management styles within an organization.

Question 8

What are the 4 goals of the OPM?

Answer 8

• Strategy (goals and tactics): why are we doing projects and how does this help us deliver business value and how does it help our organizational goals.
• Portfolio (value decisions): how does this create more value for our stakeholders?
• Programs Projects (results delivery): which approach gets work done most effectively, efficiently, profit
• Operations (business value realization): How do we measure business value.

Question 9

What are the 3 levels of Projects and Strategic Planning, and what is their focus?

Answer 9

• Executives (Why? - Vision, mission, goals)
• Functional Management (What? - Strategy and tactics)
• Operations (How? core functions)

Question 10

What are project based organizations

Answer 10

This is when their income is generated by doing projects for others.

Question 11

What are 7 aspects of Organizational Culture and Structure

Answer 11

• Vision
• Mission
• Values and beliefs
• Cultural norms
• Hierarchy and authority
• Organizational and management style
• internal enterprise environmental factors

Question 12

What are the things to think of with the Infrastructure Environmental Factors

Answer 12

• Facilities
• Equipment
• Telecommunication channels
• IT hardware and usability
• Internal enterprise environmental factors