Questions and Answers
A project management methodology is a loosely defined combination of actions and processes that determine how best to deliver a project.
False
A project management methodology provides a detailed approach to project design, execution, and closure.
True
Cost estimates are incomplete and unreliable in a project management framework.
False
Most conflicts are left unresolved until the end of the project in a project management framework.
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A project management methodology is a scientifically-proven, systematic approach to project management.
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The PM framework focuses on the realization of desired change in line with a chosen algorithmic approach.
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The Traditional methodology involves a series of consecutive stages in the project management process, not parallel stages.
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The PM framework provides a detailed and exact algorithm of how to manage a specific project.
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The Modern methodology provides a linear approach to project management.
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The common language methodological approach ensures that every task is done using a different methodological approach.
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PRINCE2 is a methodology used in Lean project management.
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The Theory of Constraints is a concept used in Critical Path Method.
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Six Sigma was developed by Motorola to improve software development processes.
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PMBOK is a methodology used in process improvement and product engineering.
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SCRUM involves monthly 'scrum sessions' and 30-day 'sprints'.
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The 10 Knowledge Areas in Project Management include Human Resource Management, Communications, and Integration.
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Procurement Management is responsible for defining the project scope and objectives.
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Project management involves a series of isolated processes that guide the project through its lifecycle.
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The 10 Knowledge Areas provide a comprehensive framework for managing only the technical aspects of a project.
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Stakeholder Management is responsible for ensuring project deliverables meet requirements.
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Study Notes
Project Management Framework
- Project management methodology is a strictly defined combination of logically related actions and processes that determine how best to deliver a project successfully throughout its lifecycle.
Methodology Characteristics
- Provides a skeleton for describing every step in depth
- Ensures effective decision making and problem solving
- Based on scientifically-proven, systematic techniques, methods, and approaches
- Applies to projects of any kind, size, nature, and type
The 10 Knowledge Areas in Project Management
- Integration: Coordinate all project elements
- Scope: Define and manage project boundaries
- Time: Schedule and manage project timeline
- Cost: Plan and control project budget
- Quality: Ensure project deliverables meet requirements
- Human Resource Management: Develop the project team and manage personnel
- Communications: Ensure effective information sharing and collaboration
- Risk Management: Identify, analyze, and respond to project risks
- Procurement Management: Acquire goods and services from outside the organization
- Stakeholder Management: Engage and manage project stakeholders
Project Management Processes
- Initiating: Define the project scope and objectives
- Planning: Develop a detailed project plan and schedule
- Five main categories of processes guide the project through its lifecycle
Methodological Approach
- Provides a common "language" for the team
- Every task is done using a common methodological approach
- Expected deliverables are established and understood
- Continuous improvement through learning and quick solution implementation
PM Framework
- Provides the framework for planning projects of any kind
- Focuses on realizing desired change in line with a chosen methodological approach
- Manages change in terms of time, cost, and quality
PM Framework Elements
- Structured knowledge collection on how to make change
- Broad overview of various methods, rules, processes, and standards
Methodology Types
- Traditional: Involves consecutive stages in the project management process (Waterfall approach)
- Modern: Provides an alternative look at project management, suitable for IT, software development, production, and process improvement
Methodology Examples
- PMBOK Guide: A broad inventory of PM best practices and methodology
- PRINCE2: Explores the most important methods and approaches to planning and implementing projects
- CPM: Critical path method for optimizing project schedules
- Lean: Eliminates waste through an optimized process for driving projects
- Six Sigma: Minimizes waste and ensures accuracy and speed of implementation
- SCRUM: An Agile PM methodology involving teams producing a software product in 30-day "sprints" and monthly "scrum sessions"
- CCPM: Critical Chain Project Management using the Theory of Constraints and buffers to establish improved task durations
