Podcast
Questions and Answers
What is the primary role of a program manager?
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?
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?
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?
How do portfolio managers contribute to project selection?
Which aspect of project management is NOT emphasized by program management?
Which aspect of project management is NOT emphasized by program management?
Which of the following is NOT typically considered a common program in the IT field?
Which of the following is NOT typically considered a common program in the IT field?
What benefit is achieved by managing projects within a program rather than individually?
What benefit is achieved by managing projects within a program rather than individually?
Which factor is allocated the highest points for project success?
Which factor is allocated the highest points for project success?
What is one of the main contributions of portfolio management to an organization?
What is one of the main contributions of portfolio management to an organization?
Which of the following is NOT one of the top three reasons why federal technology projects succeed?
Which of the following is NOT one of the top three reasons why federal technology projects succeed?
What is a key practice for companies that excel in project delivery capability?
What is a key practice for companies that excel in project delivery capability?
Which metric is suggested for measuring project health?
Which metric is suggested for measuring project health?
How many points are allocated to 'Agile processes' as a factor of project success?
How many points are allocated to 'Agile processes' as a factor of project success?
Which of the following factors received the least points in the success factors table?
Which of the following factors received the least points in the success factors table?
Which practice is NOT recommended for companies seeking to improve project delivery capability?
Which practice is NOT recommended for companies seeking to improve project delivery capability?
What element is most crucial for ensuring that all stakeholders are engaged in a project?
What element is most crucial for ensuring that all stakeholders are engaged in a project?
What percentage of IT projects were reported as successful according to the 1995 Standish Group study?
What percentage of IT projects were reported as successful according to the 1995 Standish Group study?
Which of the following is an example of a project?
Which of the following is an example of a project?
According to PricewaterhouseCoopers, what fraction of corporations consistently meet their project targets?
According to PricewaterhouseCoopers, what fraction of corporations consistently meet their project targets?
What defines a project according to the PMBOK® Guide?
What defines a project according to the PMBOK® Guide?
Which technology was identified as a top strategic technology for 2018 by Gartner?
Which technology was identified as a top strategic technology for 2018 by Gartner?
Which of the following traits is NOT associated with highly effective project managers?
Which of the following traits is NOT associated with highly effective project managers?
What is the common issue faced by IT projects based on the statistics provided?
What is the common issue faced by IT projects based on the statistics provided?
What is included in the talent triangle for project management?
What is included in the talent triangle for project management?
Which of these options is NOT an example of an IT project?
Which of these options is NOT an example of an IT project?
What leadership style focuses on serving the team and meeting their needs?
What leadership style focuses on serving the team and meeting their needs?
What was the outcome of the 1995 Standish Group's CHAOS study regarding IT project success rates?
What was the outcome of the 1995 Standish Group's CHAOS study regarding IT project success rates?
In the 2017 survey regarding IT skills, which skill was ranked first before project management?
In the 2017 survey regarding IT skills, which skill was ranked first before project management?
Which of the following statements best summarizes the importance of project management knowledge for technical roles?
Which of the following statements best summarizes the importance of project management knowledge for technical roles?
Which of the following is NOT a part of the leadership styles listed?
Which of the following is NOT a part of the leadership styles listed?
Which trait involves engaging stakeholders effectively in a project?
Which trait involves engaging stakeholders effectively in a project?
What is considered a key skill for IT project managers according to industry surveys?
What is considered a key skill for IT project managers according to industry surveys?
What significant project is commonly recognized as the first to use modern project management techniques?
What significant project is commonly recognized as the first to use modern project management techniques?
What does PMO stand for in the context of project management?
What does PMO stand for in the context of project management?
In which decade did many companies begin to establish PMOs to manage increasing project complexities?
In which decade did many companies begin to establish PMOs to manage increasing project complexities?
What was the estimated budget for the Manhattan Project in 1946 dollars?
What was the estimated budget for the Manhattan Project in 1946 dollars?
What role did the Project Management Institute play in the field of project management?
What role did the Project Management Institute play in the field of project management?
What characteristics of a PMO might a company seek to improve by establishing one?
What characteristics of a PMO might a company seek to improve by establishing one?
What is a common misconception about the role of PMOs in organizations?
What is a common misconception about the role of PMOs in organizations?
Which of the following is NOT generally considered a key element of project management history?
Which of the following is NOT generally considered a key element of project management history?
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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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.
