Podcast
Questions and Answers
A project can be considered successful if it has met its main objective of providing a good return on investment.
A project can be considered successful if it has met its main objective of providing a good return on investment.
True
A project involves certainty and clear outcomes.
A project involves certainty and clear outcomes.
False
A project receives direction and funding from its sponsor or customer.
A project receives direction and funding from its sponsor or customer.
True
A project is a permanent endeavour.
A project is a permanent endeavour.
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A project can be considered successful if it has met the project constraints, also known as the Triple Constraint or Iron Triangle.
A project can be considered successful if it has met the project constraints, also known as the Triple Constraint or Iron Triangle.
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A project is transitioned to and becomes the responsibility of the Operations Team, if it is terminated.
A project is transitioned to and becomes the responsibility of the Operations Team, if it is terminated.
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A project is a long-term endeavor undertaken to create a unique product, service, or result.
A project is a long-term endeavor undertaken to create a unique product, service, or result.
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Program management involves managing a single project.
Program management involves managing a single project.
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Portfolio management is the collection of projects and programs that are not grouped together to facilitate effective management.
Portfolio management is the collection of projects and programs that are not grouped together to facilitate effective management.
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The project manager's primary focus is on the day-to-day details of achieving specific goals.
The project manager's primary focus is on the day-to-day details of achieving specific goals.
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Best practices are the minimal way recognized by industry to achieve a stated goal or objective.
Best practices are the minimal way recognized by industry to achieve a stated goal or objective.
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A project ends when the project objectives have been reached or the project has been canceled.
A project ends when the project objectives have been reached or the project has been canceled.
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The application of knowledge, skills, tools and techniques to project activities is called project management.
The application of knowledge, skills, tools and techniques to project activities is called project management.
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One of the advantages of project management is lower worker morale.
One of the advantages of project management is lower worker morale.
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Program management is a type of project management.
Program management is a type of project management.
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Portfolio management is the same as program management.
Portfolio management is the same as program management.
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The project manager works with the project team and stakeholders.
The project manager works with the project team and stakeholders.
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Critical thinking and problem solving are not important skills for a project manager.
Critical thinking and problem solving are not important skills for a project manager.
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A portfolio can include only projects.
A portfolio can include only projects.
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A project manager's primary role is to act as a leader.
A project manager's primary role is to act as a leader.
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One of the benefits of project management is shorter development times.
One of the benefits of project management is shorter development times.
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Verbal communication is not an important skill for a project manager.
Verbal communication is not an important skill for a project manager.
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Study Notes
Project Management Basics
- A project is a temporary endeavor undertaken to create a unique product, service, or result.
- Projects end when their objectives have been reached or the project has been terminated.
Project, Program, and Portfolio Management
- Project management involves applying knowledge, skills, tools, and techniques to project activities to meet project requirements.
- Program management involves managing a group of related projects in a coordinated way to obtain benefits and control not possible from managing them individually.
- Portfolio management involves managing a collection of programs and projects to facilitate effective management of that work and meet strategic business objectives.
Best Practices
- A best practice is an optimal way recognized by industry to achieve a stated goal or objective.
Working in Groups
- Group member responsibilities include applying project management principles and theories learned by demonstrating practical knowledge through the creation of a unique group project presentation.
Course Evaluation
- Evaluations will include individual and group assignments, knowledge checks, mid-term and final exams, and a group project presentation.
- The evaluation percentages are:
- Individual commitment and participation: 5%
- Knowledge checks: 10%
- Group assignments: 30%
- Mid-term exam: 25%
- Final exam: 25%
- Group project: 25%
Class Schedule
- The course will cover various topics, including introduction to project management, project management knowledge areas, project planning, and project stakeholder management.
Project Management Advantages
- Project management offers several advantages, including better control of resources, higher profit margins, improved customer relations, improved productivity, shorter development times, lower costs, higher quality, and better internal coordination.
The Project Manager
- The project manager works with the project team, project sponsor(s), and stakeholders to facilitate the entire process to meet the needs and expectations of project stakeholders.
- The project manager acts as both leader and manager, focusing on "big-picture" and long-term goals, and deals with the day-to-day details of achieving specific goals.
Most Important Skills
- The most important skills for a project manager include people skills, verbal communication, leadership, listening, conflict management and resolution, integrity and ethics, critical thinking, and problem-solving, building trust, and understanding and balancing priorities.
The Project
- A project is a temporary endeavor with a unique purpose, developed using progressive elaboration, requiring resources, and having a sponsor or customer.
- A project ends when its objectives have been reached or it is terminated.
Project Success
- A project is deemed successful if it has met the project constraints (time, cost, scope), met its main objective, and provided a good return on investment.
Group Issues
- If group issues arise, students should attempt to resolve them within their group. If unable to resolve, students should reach out to the instructor via email.
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Description
Apply project management principles and theories by creating a unique group project presentation. Course evaluation for PJMT 1100, Spring 2024.
