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M01 - Checking your knowledge about Project Management
1.
What are two important concepts that help projects meet enterprise goals? Describe
the differences between project management and project portfolio management. (5
Points)
One important concept that helps projects meet enterprise goals is that projects have a well-defined objective or purpose. Another way that projects can help an enterprise meet its goals is by driving change. This gives the project value upon its completion.
Project management is when product requirements are achieved by applying the appropriate information, skillsets, labour, tools, and procedures to the project at hand. Project management is typically focused achieving tactical goals which are short term goals that hone in on a few specific areas. Inversely, project portfolio management is focused on addressing concepts in a wider frame of view. These are typically longer termed goals with more broad targets.
2.
Describe Strategic Project Management. (3 Points)
Strategic project management is a project management approach that aligns a project’s activities and subsequent decisions with the strategic goals/objectives of the organization itself. This means that projects will be managed in a way that reflects the organization’s overall strategic vision, aligning with the business’s contexts and priorities instead of merely focusing narrowly on the individual project’s execution.
3. Describe the role that project management plays in improving the success rate of IT
projects. (3 Points)
Project management plays a crucial role in improving the success rate of IT projects by providing a structure and ensuring efficacy throughout the project’s lifecycle. This includes time management, schedule management, scope management, resource management, risk management, communication management, budget management, etc.
4. What are the six traits of a highly effective Project Managers? (3 Points) Highly effective project managers according to the textbook, should be as follows:
Be a strategic business partner.
Encourage and recognize valuable contributions.
Respect and motivate stakeholders.
Be fully vested in success.
Stress integrity and accountability.
Work in the grey/be able to deal with ambiguity.
5. Why is there a Code of Ethics and Professional Conduct for Project Management? (5
Points)
There is a code of ethics and professional conduct for project management in order to ensure there is respect for others in the work space and trust amongst collaborators. There
will be ethical dilemmas to navigate and ethical decision making is a crucial function of the project manager.
6. What is a Project Stakeholder? What is the role of a Project Stakeholder in a project? (3
Points)
A project stakeholder is anyone who is involved in the project or who will be affected by any of the project or its activities in some way. They can be internal or external and include support staff, team members, customers, competitors, suppliers, managers, etc.
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Related Questions
Project Managers are often required to report on the conduct of their projects. The reporting is usually done at regular intervals, such as weekly status reports to the project Sponsor, monthly reports to the executive team on some sort of dashboard, and perhaps to the project team at major milestones. Create a table that displays the requirements and advantages of status reporting for each of the following roles: ⢠Board of directors ⢠Executive sponsor ⢠Business partner ⢠Project manager ⢠Team leads ⢠Project management Trainer ⢠Key vendor ⢠Stockholder. APA references
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Briefly explain each of the following terms in the context of Strategic Information Systems, together with a comprehensive example 1. Dynamic capabilities 2. Enterprise Resource Planning 3. Prototype 4. Extreme programming (XP) 5. Cross-functional project teams
arrow_forward
Prepare a project proposal for a promoting operations management major among newly enrolled students. The project should develop different means to attract new students to the major. What and how to promote and how to deliver is for the group to decide.
Business Case
1.0. Introduction/ Background
2.0. Business Objective
3.0. Current Situation and Problem/Opportunity Statement
4.0. Critical Assumptions and Constraints
5.0. Analysis of Options and Recommendation
6.0. Preliminary Project Requirements
7.0. Budget Estimate and Financial Analysis
8.0. Schedule Estimate
9.0. Potential Risks
Please answer all the requirement
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Mr. A is a project manager of X corporation. You have 13 members to complete the project. After some time, 2 team members left the project. 3 more persons from the procurement team transferred to the project team. Suddenly Mr. A left the project. X corporation decided to hire a new project manager including a deputy project manager. Now how many more communication channels are added?
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RESEARCH TOPICS1. The difference between project feasibility and project appraisal and their significance toproject sustainability2. The interplay between the project components (Cost, time, scope and quality) and thesignificance to project performance and sustainability3. Report writing process and utility of project report to project management
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Project management tools and techniques........................
Are used to select the appropriate and potential projects.
Assist project managers and their teams in carrying out works in all 10 knowledge areas.
Are mathematical models used to describe the progress of a project.
Are used to understand the enterprise environmental assets
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23 The Identify Stakeholders process has four inputs Three of them are project
charter, enterprise environmental factors and organizational process assets. What
is the fourth one?
A Procurement documents
B Stakeholder register
C. Stakeholder engagement matrix
D Stakeholder management plan
24 The Project Managers have maximum authority in which type of organization?
A Weak Matrix
B Strong Matrix
C Functional
D Balanced Matrix
25 Accepted deliverables are an input to the Close Project or Phase process
These deliverables would have been accepted through which of the following
processes?
A. Validate Scope
B Control Quality
C. Control Scope
D. Perform Quality Assurance
26. Which process group corresponds to the "do" part of the plan-do-check-act
cycle?
A Closing
B. Monitoring and Controlling
C. Planning
D. Executing
27. To control the schedule, a project manager is re-analyzing the project to
predict project duration. This is done by analyzing the sequence of activities with
the least…
arrow_forward
How to Plan, direct and coordinate IT projects to ensure effectiveproject control including scope changes and project risks?
arrow_forward
Your project is divided into five major subprojects. Subproject “P” involves developing specifications for the new cell phone. Here, decisions related to such things as battery life, size of the phone, and features need to be made. These details are based on how a customer uses the cell phone. These user specifications are redefined in terms that have meaning to the subcontractors that will actually make the new cell phone in subproject “S” supplier specifications. These involve engineering details for how the product will perform. The individual components that make up the product are the focus of subproject “D.” Subproject “I” brings all the components together, and a working prototype is built and tested. Finally, in subproject “V,” suppliers are selected and contracts are negotiated.
MAJOR SUBPROJECTS/ACTIVITIES
ACTIVITY IDENTIFICATION
DEPENDENCY
DURATION (WEEKS)
Product Specifications (P)
Market research
P1
—
6
Overall product specifications
P2
P1
4…
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How do you manage project problem crises during controlling phase?
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The IT director opened the department staff meeting today by saying, “I’ve got some good news and some bad news. The good news is that management approved the payroll system project this morning. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The bad news is that the system must be installed by January 1st in order to meet new federal reporting rules, all expenses from now on must be approved in advance, the system should have a modular design if possible, and the vice president of finance would like to announce the new system in a year-end report if it is ready by mid-December.”
Tasks
Based on your understanding of the Chapter 2 Tilley material;
1. Why is it important to define the project scope? What approach could help define the scope of the payroll project in this case?
2. Review each constraint and identify its characteristics: present versus future, internal versus…
arrow_forward
A project needs a specialized resource to work for 12 months. The company will outsource the position. The organization expects all potential service providers to be given the same information about the requirements. Which action should the project manager take to comply?
A.
Provide advanced notice to the existing vendor.
B.
Ensure the procurement management plan is sent to each service provider.
C.
Conduct a bidder conference with the service providers.
D.
Add each of the service providers to the stakeholder register..
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The project's final products may be affected by how well scope modifications are managed and controlled. Analyze the steps involved in implementing change control and suggest solutions to limit the frequency with which projects' scopes are altered.
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FROM THE TEXT (Project Management): The project team decides the work that will be self-performed—performed by members of the project team—and the work that will be outsourced to others. The procurement strategy focuses on the work that will be outsourced—performed by outsiders.
Luu, Ng, and Chen (Luu, Ng, & Chen, 2003) studied project procurement selection priorities and identified budget and schedule as the most important considerations in the decision to outsource activities. This study of construction projects also identified other items that project managers must consider in developing a procurement strategy, including quality, risk, complexity, and flexibility. Some outsourcing decisions are easy.
Outsourcing Steel and Concrete in New York
A construction company has a contract to build a large building in downtown New York. Most, if not all, the construction materials, such as steel and concrete, will be purchased from companies that specialize in steel and concrete.…
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Managers must be clear about their real objectives in order to create better client connections.Determine four (4) common CRM goals.
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When developing BCM, which one of the following statements is true?
a)BCM is comprised of numerous related projects.
b)All software packages are comprehensive and expensive.
c)The use of a professional consultant will always produce a superior final product.
d)None of the above statements are true
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Please help.
Manufacturing Company.
Create a Mission and Vission and Goals of the manufacturing leather from animal skin. This is a Manufacturing Leather Company.
P.S: This is for school project purpose only.
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In a recent Executive Management Committee (Exco) meeting, there was grave concern
expressed in terms of high spend in the area of electricity use across the business
functional areas. An action items was agreed requiring the COO to extend its scope of
S/EMS initiatives for the ensuing year, to include the management of electricity usage.
A 15% cost reduction was agreed as monthly cost reduction in electricity use bills
starting from Quarter 2 of 2024.
Required:
i. Briefly outline key action steps you will consider and roll out towards delivering
on this extended scope.
ii. Determine and establish three (3) key strategic initiatives with highlight an
implementation roadmap for management consideration and approval.
iii. Demonstrate how success will look like and how you intend to effectively
manage the performance of the program for sustainable electricity use within
and across all the operating locations of your organization.
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What are the questions to ask to estimate the viability of a DMAIC project
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BUSINESS MODEL CANVAS
Objectives:
To develop a clear plan for your project using the business model canvas.
Guidelines:
Using the canvas, design the business model of your project
Activity: Business Model Canvass
Key Partners
(Key
Partners)
Cat Stecture
Key Activities
(Key
Activities)
Key Resources
(Key
Resources)
(Cost Structure)
Customer Relationship
(Value
(Customer
Propositions) Relationships)
Value Propositions
Reve Stream
(Channels)
(Customer
Segments)
(Revenue Streams)
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Only one-third of mobile development projects met budget, time, and objective criteria, according to a recent IBM research of 585 mobile application developers and managers. So, what are the risks for companies like FIMC that develop and deploy mobile applications in such a short period of time?
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You are an event planner for a chartered cruise meant to accommodate working couples and their children for a 3-day, two-family reunion (i.e., each partners’ families). You are tasked with developing the children’s program from start to finish, including breakfast, lunch, dinner, and two snacks (morning and afternoon).
What will be your priorities for the children’s program and why?
What contract stipulations should be included to address any dietary needs for the children’s food and why?
What content regarding the children’s program might you include in your production book?
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السؤال 5
Collecting requirements is done in
phase.
Planning
Analysis
Design
Implementation
السؤال 6
In
a project is divided into small phases and developers cannot continue on to the next phase until the first phase is complete.
Structred Development
RAD Development
Agile Development
All of the choices
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Give all three answers then only attempt. ....
QUESTION THREE
With reference to any project of your choice, justify the significance of the project cost control process.
QUESTION FOUR
Control Procurement is defined as the process of managing procurement relationships, monitoring contract performance, and making changes and corrections to contracts as deemed appropriate (PMI,2023). Considering this statement identify and describe the individual factors that are considered essential in informing the control procurement process.
QUESTION FIVE
Highlight the strategies that should be considered by project managers when managing procurement relationships, monitoring contract performance, and making changes and corrections to contracts.
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.
Q3: Answer A or B
A\ Answer the following
1- A
represents Hierarchical Breakdown of a Project in to element.
2- Resources are different than Expenses
3- A hierarchical structure that identifies the company-wide projects and enables
organizing and management of those projects by means or subdivision or level is:
4- How many types of reports we have in Primavera
5- The finish of the successor activity depends on the finish of the predecessor activity is
referred as
B\ Correct the answer
1- Ponds is the base currency by default in Primavera
2- WBS is a Set of codes to organize the project in the EPS in groups according to
specific categories
3- Activity tab used to apply constraints, select an activity and select the
4- The E.P.S usually reflects the management structure of your Organization
5-A resource is the project personal job titles or skills, such as mechanical engineer,
inspector or Carpenter
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To what extent can “organizational policy documents” which are major process asserts contribute to enhance effective delivery of a project you have been tasked to manage?
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What factors contribute to the expansion of the scope of an IT project?
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What is the primary function of a Scheduler?
a)Manage the procurement process
b)Assist the project manager
c)Determine order and duration of project activities
d)Author pay requests
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Project management is a challenging task with many complex responsibilities. Fortunately, there are many tools available to assist with accomplishing the tasks and executing the responsibilities. Some tools and techniques require a computer with supporting software, while others can be used manually. Project managers should choose a project management tool that best suits their management style. No one tool addresses all project management needs. TASKS (a) Using examples, describe how project planning tools and techniques can be effectively categorized
(b) Using examples, discuss what constitutes the project execution tools and techniques of project management.
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Q A project manager is faced with two team members who have conflictingopinions. One team member explains her side of the conflict, and presents apossible solution. But before the other team member starts to explain his sideof things, the project manager says, “I’ve heard enough, and I’ve decided to gowith the solution I’ve heard.” This is an example of _____.
Q As you determine the requirements, constraints and assumptions for theproject you record them in which document?A. Project Scope StatementB. Project Management PlanC. Project CharterD. Communications Management Plan
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What is the function of a Purchasing Agent/Expediter?
a)Determine the order and duration of project activities
b)Manage the procurement process
c)Author pay requests
d)Assist the project manager
arrow_forward
SEE MORE QUESTIONS
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- Project Managers are often required to report on the conduct of their projects. The reporting is usually done at regular intervals, such as weekly status reports to the project Sponsor, monthly reports to the executive team on some sort of dashboard, and perhaps to the project team at major milestones. Create a table that displays the requirements and advantages of status reporting for each of the following roles: ⢠Board of directors ⢠Executive sponsor ⢠Business partner ⢠Project manager ⢠Team leads ⢠Project management Trainer ⢠Key vendor ⢠Stockholder. APA referencesarrow_forwardBriefly explain each of the following terms in the context of Strategic Information Systems, together with a comprehensive example 1. Dynamic capabilities 2. Enterprise Resource Planning 3. Prototype 4. Extreme programming (XP) 5. Cross-functional project teamsarrow_forwardPrepare a project proposal for a promoting operations management major among newly enrolled students. The project should develop different means to attract new students to the major. What and how to promote and how to deliver is for the group to decide. Business Case 1.0. Introduction/ Background 2.0. Business Objective 3.0. Current Situation and Problem/Opportunity Statement 4.0. Critical Assumptions and Constraints 5.0. Analysis of Options and Recommendation 6.0. Preliminary Project Requirements 7.0. Budget Estimate and Financial Analysis 8.0. Schedule Estimate 9.0. Potential Risks Please answer all the requirementarrow_forward
- Mr. A is a project manager of X corporation. You have 13 members to complete the project. After some time, 2 team members left the project. 3 more persons from the procurement team transferred to the project team. Suddenly Mr. A left the project. X corporation decided to hire a new project manager including a deputy project manager. Now how many more communication channels are added?arrow_forwardRESEARCH TOPICS1. The difference between project feasibility and project appraisal and their significance toproject sustainability2. The interplay between the project components (Cost, time, scope and quality) and thesignificance to project performance and sustainability3. Report writing process and utility of project report to project managementarrow_forwardProject management tools and techniques........................ Are used to select the appropriate and potential projects. Assist project managers and their teams in carrying out works in all 10 knowledge areas. Are mathematical models used to describe the progress of a project. Are used to understand the enterprise environmental assetsarrow_forward
- 23 The Identify Stakeholders process has four inputs Three of them are project charter, enterprise environmental factors and organizational process assets. What is the fourth one? A Procurement documents B Stakeholder register C. Stakeholder engagement matrix D Stakeholder management plan 24 The Project Managers have maximum authority in which type of organization? A Weak Matrix B Strong Matrix C Functional D Balanced Matrix 25 Accepted deliverables are an input to the Close Project or Phase process These deliverables would have been accepted through which of the following processes? A. Validate Scope B Control Quality C. Control Scope D. Perform Quality Assurance 26. Which process group corresponds to the "do" part of the plan-do-check-act cycle? A Closing B. Monitoring and Controlling C. Planning D. Executing 27. To control the schedule, a project manager is re-analyzing the project to predict project duration. This is done by analyzing the sequence of activities with the least…arrow_forwardHow to Plan, direct and coordinate IT projects to ensure effectiveproject control including scope changes and project risks?arrow_forwardYour project is divided into five major subprojects. Subproject “P” involves developing specifications for the new cell phone. Here, decisions related to such things as battery life, size of the phone, and features need to be made. These details are based on how a customer uses the cell phone. These user specifications are redefined in terms that have meaning to the subcontractors that will actually make the new cell phone in subproject “S” supplier specifications. These involve engineering details for how the product will perform. The individual components that make up the product are the focus of subproject “D.” Subproject “I” brings all the components together, and a working prototype is built and tested. Finally, in subproject “V,” suppliers are selected and contracts are negotiated. MAJOR SUBPROJECTS/ACTIVITIES ACTIVITY IDENTIFICATION DEPENDENCY DURATION (WEEKS) Product Specifications (P) Market research P1 — 6 Overall product specifications P2 P1 4…arrow_forward
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