Project Initiation & Stakeholder Management: Lecture 1
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Questions and Answers

What is the overall program objective of the PM565 Project Initiation & Stakeholder Management course?

  • To explain the stages of a project life cycle and its impact on service delivery
  • To identify relationships between project, programme and portfolio management
  • To present project management methodology and techniques for planning and organizing projects (correct)
  • To equip students with knowledge to develop project charters and prepare stakeholder registers

Which individual is not listed as an instructor for the PM565 Project Initiation & Stakeholder Management course?

  • Mrs Theodora Oduro, PMP
  • Mr. Innocent Kudu PMP (correct)
  • Dr. Mrs Ivy Maame Abu, PMP
  • Prof. Theo Adjei-Kumi, PMP

What is a specific course objective of the PM565 Project Initiation & Stakeholder Management course?

  • To identify the impact of Organizational Structure on Project Management Service delivery
  • To explain what project and project management are
  • To identify relationships between project, programme and portfolio management (correct)
  • To equip students with knowledge to prepare stakeholder registers

What is the contact email for Dr. Mrs Ivy Maame Abu, one of the instructors for the PM565 Project Initiation & Stakeholder Management course?

<p><a href="mailto:[email protected]">[email protected]</a> (B)</p> Signup and view all the answers

According to the PMBOK® Guide, what is a project?

<p>A temporary endeavor undertaken to create a new product or service (D)</p> Signup and view all the answers

What distinguishes projects from operations according to the PMBOK® Guide?

<p>Projects are temporary and unique while operations are continuous and routine (B)</p> Signup and view all the answers

What does 'progressively elaborated' mean in the context of project management?

<p>Project objectives are defined in detail with time (C)</p> Signup and view all the answers

What is the spark that usually provides the authorization for projects?

<p>All of the above (D)</p> Signup and view all the answers

Why is project selection considered one of the most important activities for an organization?

<p>It aligns projects with business objectives and can turnaround the organization (C)</p> Signup and view all the answers

What are examples of benefit measurement methods for project selection?

<p>Opportunity Cost and Benefit Cost Analysis (D)</p> Signup and view all the answers

What is the 'murder board' in the context of project management?

<p>A rigorous review process for testing the strength of a project's approach (B)</p> Signup and view all the answers

Which method involves selecting projects through expert judgment and consensus?

<p>Delphi Technique (B)</p> Signup and view all the answers

What differentiates project selection methods based on 'benefit measurement' from 'constraint optimization' methods?

<p>'Benefit measurement' aims to maximize project benefits while 'constraint optimization' aims to minimize project constraints (A)</p> Signup and view all the answers

'Non-linear Programming' is an example of which type of project selection method?

<p>'Constraint optimization' method (A)</p> Signup and view all the answers

Flashcards

PM565 Project Objective

To teach project management methodologies for project planning and organization.

Non-PM565 Instructor

Mr. Innocent Kudu PMP.

Project, Program, Portfolio link

The PM565 course teaches how projects relate to programs and portfolios.

Dr. Abu's Email

[email protected]

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Project Definition (PMBOK)

A temporary endeavor to build a new product or service.

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Project vs. Operation

Projects are one-time, unique efforts; operations are ongoing routines.

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Progressively Elaborated

Project goals become clearer over time.

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Project Authorization Spark

The cause for project approval, often multiple factors.

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Importance of Project Selection

Connects projects to business objectives for better outcomes.

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Benefit Measurement Methods

Ways to evaluate project value, like Opportunity Cost and Benefit-Cost Analysis.

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Murder Board

A rigorous review process to evaluate project approaches.

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Delphi Technique

Expert judgment and consensus for project selection.

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Benefit Measurement vs. Constraint Optimization

Benefit measurement maximizes benefits; constraint optimization minimizes constraints.

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Non-Linear Programming

A constraint-optimization project selection method.

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Study Notes

PM565 Project Initiation & Stakeholder Management Course

  • The overall program objective of the PM565 course is not specified in the provided text.

Instructors

  • Dr. Mrs. Ivy Maame Abu is one of the instructors for the PM565 course.
  • The contact email for Dr. Mrs. Ivy Maame Abu is not specified in the provided text.
  • One instructor not listed for the PM565 course is not specified in the provided text.

Course Objectives

  • A specific course objective of the PM565 course is not specified in the provided text.

Project Management

Project Definition

  • According to the PMBOK Guide, a project is not defined in the provided text.

Project Characteristics

  • What distinguishes projects from operations is not specified in the provided text.

Project Planning

Progressive Elaboration

  • 'Progressively elaborated' means that the project details are progressively refined and clarified as more information becomes available.

Project Authorization

  • The spark that usually provides the authorization for projects is not specified in the provided text.

Project Selection

  • Project selection is considered one of the most important activities for an organization.
  • Benefit measurement methods for project selection include:
    • Examples are not specified in the provided text.
  • The 'murder board' is a panel of experts who review and critique project proposals.
  • One method for selecting projects involves expert judgment and consensus.
  • What differentiates project selection methods based on 'benefit measurement' from 'constraint optimization' methods is not specified in the provided text.
  • 'Non-linear Programming' is an example of a constraint optimization method.

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Description

Learn about the introduction to project management in PM565, including topics on stakeholder management. This lecture is presented by Prof. Theo Adjei-Kumi and covers essential project management methodology, skills, and techniques.

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