STANDARDS
Identifies project management principles that guide the behaviors and actions of project professionals and other stakeholders who work on or are engaged with projects.
What is The Standard for Project Management PMBOK Guide (currently Volume VII)
Creating a new product, service, or result that meets the needs of customers or end users;
Improving efficiency, productivity, effectiveness, or responsiveness;
Enabling the changes needed to facilitate organizational transition to its desired future state; and
Sustaining benefits enabled by previous programs, projects, or business operations.
What are ways that projects produce value?
Is based on four values that were identified as most important to the project management community:
▶ Responsibility,
▶ Respect,
▶ Fairness, and
▶ Honesty.
The principles the PMI Code of Ethics and Professional Conduct [2] is based on.
A characteristic of a project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity.
What is Complexity?
Delays, cost overrun, technical failure, performance shortfall, or loss of reputation
What is a Negative risk or Threat?
An end result or consequence of a process or project. Outcomes can include outputs and artifacts, but have a broader intent by focusing on the benefits and value that the project was undertaken to deliver.
What is an Outcome.
Portfolios, programs, projects, products, and operations, that can be used individually and collectively.
DAILEY DOUBLE
What are various components used to create value?
DD
Provide guidance, the degree of application and the way in which they are applied are influenced by the context of the organization, project, deliverables, project team, stakeholders, and other factors.
What are the Principles of Project Management?
The interplay of conduct, demeanors, attitudes, and experience of people.
What is Human Behavior?
Benefits such as reduced time and cost, improved performance, increased market share, or enhanced reputation.
What are Positive Risks or Opportunities?
An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item.
What is a Product
Gains realized by the organization
What are outcomes?
Behaving honestly and ethically in all engagements and communications.
What is Integrity?
This can arise from having many options or a lack of clarity on the optimal choice; unclear or misleading events, emerging issues, or subjective situations.
What is Ambiguity?
The ability to respond to changing conditions
What is Adaptability?
A temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects indicates a beginning and an end to the project work or a phase of the project work. Projects can stand alone or be part of a program or portfolio.
What is a Project?
Works alongside the value delivery system to enable smooth workflows, manage issues, and support decision making.
What is the Governance System?
The condition of having the right, within a given context, to make relevant decisions, establish or improve procedures, apply project resources, expend funds, or give approvals. Authority is conferred from one entity to another, whether done explicitly or implicitly.
What is Authority?
This can cause disruption to products, services, ways of working, processes, tools, techniques, procedures, and more.
What is a Technical Innovation?
A comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to a future state in which they realize desired benefits.
The worth, importance, or usefulness of something. Different stakeholders perceive value in different ways.
What is Value?
This function includes monitoring and working to improve the health, safety, and overall well-being of project team members.
What is Oversight?
A business case contains at least these supporting and interrelated elements:
What are Business needs, Project Justification and Business Strategy?
Moving the deliverables to the point of delivery quickly
Preventing defects in the deliverables or identifying them early to avoid or reduce the need for rework and scrap.
What is the objective of Quality?
Uses a motivational strategy rather than a forceful one. Engagement and two-way communication create an environment in which adoption and assimilation of change can occur or identify some valid concerns from the resistant users that may need to be addressed.
What is Effective Change Management?