Project Management Basics

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Questions and Answers

What is the role of a Project Manager?

  • To stitch all pieces together and keep Short Term & Long Term in mind (correct)
  • To make decisions and plan for the long term
  • To execute and monitor the project
  • To communicate with stakeholders

A Project Manager should be comfortable with complexity and change in dynamic environments.

True (A)

What is the purpose of a Governance Tool?

To track action items from review

A good Project Manager is a ______________________ agent.

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

Match the following project roles with their responsibilities:

<p>Sponsor = Decision Making and Long Term Planning Project Manager = Executing and Monitoring the project Executioner = Tracking and Measuring project progress</p> Signup and view all the answers

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Study Notes

Project Management Basics

  • A project has a set of expectations to fulfill, a budget, a schedule, and a team with skills and knowledge.
  • A project has a beginning and an end (temporary in nature) and is unique in nature.
  • Project management is the use of specific knowledge, skills, tools, and techniques to deliver something of value to people.

Project vs Routine Work

  • Routine work is an ongoing activity of an organization.
  • A project is unique, has a start date, and reaches a conclusion (end date) once the goal is achieved.

Key Phases of Project Management

  • High-level project management framework consists of planning, execution, governance, monitoring, and closure/next steps.
  • Project charter is the first step in the project management process.
  • Planning involves setting objectives, key results, milestones, and activities driven by each owner.
  • Execution involves facilitating the project, monitoring progress, and communicating project progress at an agreed schedule.

Project Management Framework

  • The framework consists of people, process, tools, and foundation principles.
  • Key pillars of project management framework include planner (PM along with executioner), executioner, monitor for executioner, project manager, and sponsor (decision-making/long-term planning).

Project Manager Characteristics

  • Project managers are change agents, passionate, and goal-oriented.
  • They work well under pressure and are comfortable with change and complexity in dynamic environments.
  • They cultivate people skills and have a broad and flexible toolkit of techniques.

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