Week 12 - 2 Flashcards
What are projects?
A project is a set of activities with a defined start point and a defined end state, which pursues a defined goal and uses a defined set of resources
While projects share similarities, they can also be differentiated by volume and variety characteristics, their cal, complexity, the degree of uncertainty in the project, the much novelty is involved, the nature of technology (if any) and the pace o the project.
What is project management?
project management is the activity of understanding the project environment, defining, planning, controlling and finally learning from projects.
Beyond the ´life cycle´ perspective, project management is also concerned with effectively balancing quality/deliverables, time and cost objectives within the so-called ´iron triangle´ of quality, time and cost.
What are the and its 6 stages of project management?
Understanding the project environment Defining the project Project planning Technical execution Project control Learning
Explain the project environment.
Project environment comprises all the factors that may affect the project during its life
Geo-social environment - geographical, climatic and cultural factors that may affect the project
Econo-political environment - the economic, governmental and regulatory factors affecting the project
Business environment - industrial, competitive, supply network and customer expectation factors that shape the likely objective of the projects.
Internal environment - the individual company or group started and culture the resources available, and interaction with other projects that will influence the project
Explain the role of stakeholders and how to prioritize them
Two types of project stakeholders:
Internal
External
Keep satisfied
Manage closely
Monitor
Keep informed
stake holder power
stake holder interest
Differentiate between project objectives, scope and strategy
Project Objectives
Purpose
End Result
Success Criteria
Project Scope - boundaries (where is the limit, focus on 1 aspect) focus on the store but now what we have inside just the outside)
Project Strategy – how, phases of a project, milestones, stage gates (e.g. Go/No-Go), roadmap
Describe the 5 main activities within project planning and its 4 main purposes
Four purposes of planning: Determine costs and duration Determine resources Help to allocate work and monitor Help to assess the impact of changes
Five stages in the planning process
Identify the activities in the project
Estimate the times and resources for activities
Identify the relationships and dependencies between the activities
Identify the times and resources schedule and constraints
Fix the schedule for time and resources
Recognize the differences between Agile and “traditional”/Waterfall projects and select the best approach
Waterfall - basics
in the real world it won’t go so smooth you will go back and forward between design and project requirements and testing to program design.
Business Requirements Project Requirements Analysis Program design Execution Testing Operations
Agile is the answer to:
Unclear customer needs…
A world-changing continuously and fast…
Need for self-management and smaller teams…
Deliver added value…
Agile vs Traditional
traditional beter for
Agile special for insecure, complex environments with not well-defined goal
Agile has higher flexibility
Agile has higher adaptability
Agile adds added value much earlier in project
In Agile projects risks are significantly lower
Scrum
better for interal comaponies
Agile is combined with Scrum.
Agile is the attitude; Scrum brings the structure.
The roots of Scrum: TQM
efficiency and effectiveness, Pareto, Demming (PDCA)
The roots of Scrum: Kanban
visualising workflow, reduce WIP, continuous improvement
The roots of Scrum: Lean
customer value first, prevent: waste, fluctuations and extremes
8 principles of Agile PM
Focus on Business Need Deliver on Time Collaborate Never Compromise Quality Build Incrementally from Firm Foundations Develop Iteratively Communicate Continuously & Clearly Demonstrate Control
