click below
click below
Normal Size Small Size show me how
MGI513
Charles Sturt - MGI513 - Enterprise Project Management
Question | Answer |
---|---|
What is a project? | A project is a temporary endeavour undertaken to create a unique product, service or result. |
Name the 5 majority characteristics of projects. | 1. An established objective.<br />2. A defined life span. <br />3. Usually involvement of several departments and professionals. <br />4. Typically, doing something which hasn't been done before. <br />5. Specific time, cost and performance requirements. |
Name the 4 phases of the project life cycle. | 1. Defining <br />2. Planning <br />3. Executing <br />4. Closing |
What is a program of work? | A group of related projects, designed to accomplish a common goal over an extended period of time. |
What is portfolio management? | Project management oversight at organisational level through to project level. Serves as a bridge between senior management and project teams. |
Name the major functions of portfolio management | 1. Oversee project selection <br />2. Monitor aggregate resource levels and skill <br />3. Encourage use of best practice <br />4. Balance projects in the portfolio to an appropriate risk level for the organisation <br />5. Improve communication among sta |
What is the typical sequence of activities of the strategic management process? | 1. Review and define the organisational mission. <br />2. Set long-range goals and objectives. <br />3. Analyse and formulate strategies to reach objectives. <br />4. Implement strategies (through projects). |
What are the characteristics of objectives? | Specific <br />Measurable <br />Assignable <br />Realistic <br />Time related |
What is the implementation gap? | The lack of understanding and consensus of organisational strategy among top and middle level managers. |
What are the benefits of project portfolio management? | * Builds discipline into project selection process. <br />* Links project selection to strategic metrics. <br />* Prioritises project proposals on criteria, rather than emotion or politics. <br />* Allocates resources to projects that align with strategic |
Why should an organisation not rely only on ROI to select projects? | Projects may have strategic value outside direct financial return:<br />* Capture market share <br />* Raise entry barrier for competitors <br />* Enable profit indirectly by creating enabler products or new core technology <br />* Reduce dependency on su |
Name the three structural approaches to project management. | Functional, matrix and dedicated team. |
What distinguishes a weak matrix structure from a strong one. | Weak matrix structure is more closely aligned to the functional model - functional managers have more authority and project managers exist only to facilitate project implementation. |
What are the seven factors which should influence the choice of project management structure? | * Size of project<br />* Strategic importance<br />* Novelty and need for innovation<br />* Need for integration (multiple department involvement)<br />* Environmental complexity (number of external interfaces)<br />* Budget and time constraints<br />* St |
What are the six elements of a typical scope statement? | 1. Project objective<br />2. Deliverables<br />3. Milestones<br />4. Technical requirements<br />5. Limits and exclusions<br />6. Review / agreement with customer |
What questions does a project objective answer? | What, when and at what cost. |
What are the three categories which can be applied to project priorities? | Constrain, enhance, accept |
What are the major groupings found in a Work Breakdown Structure? | * Project<br />* Deliverable<br />* Sub-deliverable<br />* Lowest sub-deliverable (can be assigned to a single person)<br />* Cost account<br />* Work package |
Name the six key elements of a work package. | * Defines work (what)<br />* Defines time to complete (how long)<br />* Defines a time-phased budget (cost)<br />* Identifies resources (how much)<br />* Identifies person responsible (who)<br />* Identifies monitoring points for measuring progress (how w |
What is an OBS? | The Organisation Breakdown Structure is used to define the organisational units responsible for performing work within a WBS. |
What is the purpose of an OBS? | To provide a framework to summarise organisation unit work performance, identify organisation units responsible for work packages and tie the organisational unit to cost control accounts. |
What questions does a communication plan attempt to address? | * What information needs to be collected and when?<br />* Who will receive the information?<br />* What methods will be used to gather and store the information?<br />* What are the limits, if any, on who has access to certain kinds of information?<br />* |