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IT Project Management Overview
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IT Project Management Overview

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Questions and Answers

What is the primary role of a program manager?

  • To individually manage all projects within the organization
  • To provide leadership and direction for the project managers within the program (correct)
  • To oversee financial aspects of each project individually
  • To ensure all projects are completed on time

    • Which statement accurately defines a program in project management?

  • A group of related projects managed together for added benefits (correct)
  • A group of unrelated tasks managed separately
  • A standalone project completed by a single project manager
  • A specific project with a fixed budget and timeline

    • What is the main focus of project portfolio management?

  • Managing individual projects to ensure completion
  • Grouping projects and programs to enhance enterprise success (correct)
  • Tracking the progress of high-priority projects only
  • Eliminating underperforming projects from the portfolio

    • How do portfolio managers contribute to project selection?

    <p>They analyze projects from a strategic perspective to make informed decisions</p> Signup and view all the answers

    Which aspect of project management is NOT emphasized by program management?

    <p>Managing projects individually for specific outcomes</p> Signup and view all the answers

    Which of the following is NOT typically considered a common program in the IT field?

    <p>Market research initiatives</p> Signup and view all the answers

    What benefit is achieved by managing projects within a program rather than individually?

    <p>Improved control and benefits not possible when managed separately</p> Signup and view all the answers

    Which factor is allocated the highest points for project success?

    <p>Executive sponsorship</p> Signup and view all the answers

    What is one of the main contributions of portfolio management to an organization?

    <p>Facilitating strategic decisions regarding project investments</p> Signup and view all the answers

    Which of the following is NOT one of the top three reasons why federal technology projects succeed?

    <p>User involvement</p> Signup and view all the answers

    What is a key practice for companies that excel in project delivery capability?

    <p>Growing project leaders</p> Signup and view all the answers

    Which metric is suggested for measuring project health?

    <p>Return on investment</p> Signup and view all the answers

    How many points are allocated to 'Agile processes' as a factor of project success?

    <p>7</p> Signup and view all the answers

    Which of the following factors received the least points in the success factors table?

    <p>Clear business objectives</p> Signup and view all the answers

    Which practice is NOT recommended for companies seeking to improve project delivery capability?

    <p>Creating isolated project teams</p> Signup and view all the answers

    What element is most crucial for ensuring that all stakeholders are engaged in a project?

    <p>Effective communication strategies</p> Signup and view all the answers

    What percentage of IT projects were reported as successful according to the 1995 Standish Group study?

    <p>16.2%</p> Signup and view all the answers

    Which of the following is an example of a project?

    <p>Developing a smartphone application</p> Signup and view all the answers

    According to PricewaterhouseCoopers, what fraction of corporations consistently meet their project targets?

    <p>2.5%</p> Signup and view all the answers

    What defines a project according to the PMBOK® Guide?

    <p>A temporary endeavor to create a unique outcome</p> Signup and view all the answers

    Which technology was identified as a top strategic technology for 2018 by Gartner?

    <p>Artificial Intelligence (AI) Foundation</p> Signup and view all the answers

    Which of the following traits is NOT associated with highly effective project managers?

    <p>Avoid dealing with ambiguity</p> Signup and view all the answers

    What is the common issue faced by IT projects based on the statistics provided?

    <p>Over 31% are canceled before completion</p> Signup and view all the answers

    What is included in the talent triangle for project management?

    <p>Strategic, business management, and leadership skills</p> Signup and view all the answers

    Which of these options is NOT an example of an IT project?

    <p>Managing daily operations of a tech firm</p> Signup and view all the answers

    What leadership style focuses on serving the team and meeting their needs?

    <p>Servant leader</p> Signup and view all the answers

    What was the outcome of the 1995 Standish Group's CHAOS study regarding IT project success rates?

    <p>The majority of IT projects fail to meet their goals.</p> Signup and view all the answers

    In the 2017 survey regarding IT skills, which skill was ranked first before project management?

    <p>Full-stack software development</p> Signup and view all the answers

    Which of the following statements best summarizes the importance of project management knowledge for technical roles?

    <p>Project management knowledge enhances teamwork and organizational effectiveness.</p> Signup and view all the answers

    Which of the following is NOT a part of the leadership styles listed?

    <p>Technical</p> Signup and view all the answers

    Which trait involves engaging stakeholders effectively in a project?

    <p>Respect and motivate stakeholders</p> Signup and view all the answers

    What is considered a key skill for IT project managers according to industry surveys?

    <p>Project management</p> Signup and view all the answers

    What significant project is commonly recognized as the first to use modern project management techniques?

    <p>The Manhattan Project</p> Signup and view all the answers

    What does PMO stand for in the context of project management?

    <p>Project Management Office</p> Signup and view all the answers

    In which decade did many companies begin to establish PMOs to manage increasing project complexities?

    <p>1990s</p> Signup and view all the answers

    What was the estimated budget for the Manhattan Project in 1946 dollars?

    <p>$2 billion</p> Signup and view all the answers

    What role did the Project Management Institute play in the field of project management?

    <p>It provides professional training and standards.</p> Signup and view all the answers

    What characteristics of a PMO might a company seek to improve by establishing one?

    <p>Coordination of project management functions</p> Signup and view all the answers

    What is a common misconception about the role of PMOs in organizations?

    <p>PMOs are solely responsible for project outcomes.</p> Signup and view all the answers

    Which of the following is NOT generally considered a key element of project management history?

    <p>Developing project management certification programs</p> Signup and view all the answers

    Study Notes

    IT Project Success Rates

    • A 1995 study by the Standish Group found that only 16.2% of IT projects successfully met scope, time, and cost goals.
    • Over 31% of IT projects were canceled before completion.
    • A PricewaterhouseCoopers study showed that over half of all projects fail, and only 2.5% of corporations consistently meet their targets for scope, time, and cost goals across all projects.

    Defining Projects

    • A project is a temporary endeavor undertaken to create a unique product, service, or result.
    • Operations are ongoing activities to sustain a business.
    • Projects end when their objectives are reached or the project is terminated.

    Examples of IT Projects

    • A team of students creates a smartphone application for sale online.
    • A company develops a driverless car.
    • A government group develops a system to track child immunizations.
    • A global bank consolidates systems and procedures after acquiring other financial institutions.

    Factors Contributing to Project Success

    • Executive sponsorship, emotional maturity, user involvement, optimization, skilled resources, agile processes, clear business objectives, modest execution, project management expertise, and adequate funding are top contributing factors.

    Strategic Technologies for 2018

    • Gartner identified Artificial Intelligence (AI) Foundation, Intelligent Things, Cloud to the Edge, and Immersive Experience as top strategic technologies in 2018

    Project Success Strategies

    • Companies that excel in project delivery prioritize using an integrated toolbox, growing project leaders, developing streamlined processes, and measuring project health using metrics like customer satisfaction and return on investment.

    Program and Project Portfolio Management

    • About one-quarter of global GDP is spent on projects.
    • Programs are groups of related projects managed in a coordinated manner to leverage benefits not achievable through individual management.
    • Project portfolio management involves grouping and managing projects and programs as investments contributing to the entire enterprise's success.

    Project Management Skills

    • Project managers should be strategic business partners, encourage and recognize contributions, respect and motivate stakeholders, be fully invested in success, demonstrate integrity and accountability, and work in ambiguity.

    Leadership Styles

    • The talent triangle includes technical project management skills, strategic and business management skills, and leadership skills.
    • Leadership styles include laissez-faire, transactional, servant leader, transformational, charismatic, and interactional.

    Careers in IT Project Management

    • Project management was ranked as the second hottest tech skill for hiring in 2017, only behind full-stack software development.

    Project Management Profession

    • The field of project management is rapidly expanding.
    • The Project Management Institute (PMI) is a professional society that plays a significant role in the field.
    • Project management software is a vital component of the profession.

    History of Project Management

    • Constructing the Egyptian pyramids and the Great Wall of China are considered early examples of projects.
    • The Manhattan Project is often cited as the first project using modern project management practices.
    • The Manhattan Project employed a separate project manager and a technical manager.
    • Project Management Offices (PMOs) were widely adopted in the 1990s to manage growing project complexity.
    • A PMO is an organizational group responsible for coordinating project management functions throughout an organization.

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    Related Documents

    Introduction to Project Management PDF

    Description

    Explore the critical factors that influence the success rates of IT projects and understand the essential definitions and examples of projects in this quiz. Learn about the differences between projects and ongoing operations, as well as common challenges faced in the IT sector.

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