A temporary endeavor undertaken to create a unique product or service
100
compare and contrast project vs operations
-operations is the work done to sustain a business.
-project is the temporary endeavor undertaken to create a unique product or service
100
list 3 org structures and how the affect the PM role
1. functional- functional managers report to the CEO
2. project- program managers report to the CEO
3. matrix- middle ground between functional and project
100
what are alternative PM methodologies
PRINCE2
Agile
RUP
Six Sigma
100
what is the importance of a project charter
it recognizes the existence of a project and provides direction and on the projects objectives and management
200
what is project success?
1. The project met the time, scope, and cost
2. the project satisfied the customer/sponser
3. The results of the project met the main set of objective goals
200
Explain how a systems approach improves project management and project success
Project managers need systems thinking:
a holistic view of carrying out projects within the context of the organization
200
explain the relationship between a SDLC, ASD and PM methodologies
-SDLC is the framework for describing phases in involved in developing and maintaining information systems.
-ASD (Adaptive Software Development) the requirements arent cleary expressed, projects are mission driven and component based
-PM have to figure out which life cycle will be best for the project they are working on at that particular time
200
define product owner, scrum master and scrum team
-PRODUCT OWNER-person responsible for the business value of the project, deciding what work to do and in what order
-SCRUM MASTER-person who ensures that the team is productive and facilitates the daily scrum, removes barriers that prevents the team from being effective
-SCRUM TEAM-a team of 5 to 9 people who organize themselves and work to produce the desired results for each sprint
200
explain the value of a PM plan and the items found in it?
a document used to coordinate all the project planning documents and help to guide a projects execution and control.
-scope statement, milestone list, sponsor agreement, etc.
300
what is a project manager
works with the project sponsor, project team, and other people involved in a project to meet the project goals
300
list the 3 prongs of systems approach
organization, business, technology
300
what are 3 different trends that are affecting project management
1. Globalization
2. outsourcing
3.Virtual Teams
300
define product backlog, sprint backlog, and burndown chart
-PRODUCT BACKLOG-list of features prioritized by business value
-SPRINT BACKLOG-the highest priority items in a backlog to be completed within a sprint
-BURNDOWN CHART- shows the cumulative work remaining in a sprint on a day to day basis
300
Explain PIM activities of monitoring/controlling and closing activity
- it’s important to develop and follow a process to monitor and control changes
-Monitoring project work includes collecting, measuring, and disseminating performance information
-To close a project or phase, you finalize all activities and transfer the completed or cancelled work to the appropriate people
400
what is a stakeholder and how do they make or break a project?
the people involved in or affected by the project activities.
funding, changing the idea of the project
400
what is organizational culture
a shared set of assumptions, values, and behaviors that characterize the function of the organization
400
what are the 5 process groups and the typical level for each of them
1. initiating-develop project charter
2. planning-develop project management plan
3.executing-direct and manage project work
4. controlling and monitoring-monitor and control project work
5.closing-close project or phase
400
define project integration
- project integration- project manager coordinates all of the knowledge areas through a projects life cycle
400
Describe the importance of managing change requests
it is important because it could throw the project off schedule, interfere with the budget, and not a part of the requirements
structural, political, human resources and symbolic
500
define a process group and its relation to a PM
process group is things you do. activities from each knowledge are map to the process groups
500
explain NPV, ROI, and payback analysis
1. NPV(net present value) is the expected net monetary gain or loss from a project by discounting all expected future cash flows and outflows to the present point in time
2. ROI (return of investment) = (total discounted benefits- total discounted costs)/discounted costs
3.payback analysis- the time it will take to recoup the total dollars invested in a project
500
what is scope
all the work involved in creating products of the project, and processes used to create the products of the project