Podcast
Questions and Answers
In the construction industry, what is a common issue related to project management?
In the construction industry, what is a common issue related to project management?
- An over-reliance on digital tools for project tracking.
- Excessive regulation hindering project efficiency.
- A surplus of skilled project managers.
- Weak project management practices. (correct)
What is the estimated financial impact of poorly managed projects for every $1 billion invested?
What is the estimated financial impact of poorly managed projects for every $1 billion invested?
- $122 million. (correct)
- $366 million.
- $244 million.
- $61 million.
Which of the following is a focus of management schools in relation to project management?
Which of the following is a focus of management schools in relation to project management?
- Reducing emphasis on practical application of theory.
- Preparing well-rounded project management professionals. (correct)
- Specializing in niche construction techniques.
- Limiting the scope of project management education.
What is a key problem that some organizations face regarding their project management practices?
What is a key problem that some organizations face regarding their project management practices?
What is the first step in the methodological process for integrating global PM standards?
What is the first step in the methodological process for integrating global PM standards?
Which organization publishes 'A Guide to the Project Management Body of Knowledge (PMBOK)'?
Which organization publishes 'A Guide to the Project Management Body of Knowledge (PMBOK)'?
Which of these project management standards is developed by the UK Government?
Which of these project management standards is developed by the UK Government?
In which project phase is stakeholder engagement first addressed, according to the integrated framework?
In which project phase is stakeholder engagement first addressed, according to the integrated framework?
Which project phase involves activities such as 'Validate Scope' and 'Control Scope'?
Which project phase involves activities such as 'Validate Scope' and 'Control Scope'?
In the context of Work Breakdown Structure (WBS) for the Squamish and Lil'Wat Cultural Centre, under which subcategory does 'reinforcing steel' fall?
In the context of Work Breakdown Structure (WBS) for the Squamish and Lil'Wat Cultural Centre, under which subcategory does 'reinforcing steel' fall?
According to the definitions provided, what is a key characteristic of a 'Project'?
According to the definitions provided, what is a key characteristic of a 'Project'?
What does project management involve, according to the definition provided?
What does project management involve, according to the definition provided?
What is the primary responsibility of a 'Project Manager' as defined in the content?
What is the primary responsibility of a 'Project Manager' as defined in the content?
According to the content, what is 'Leadership' in the context of project management?
According to the content, what is 'Leadership' in the context of project management?
What is the scope of 'Construction Operations' as defined in the material?
What is the scope of 'Construction Operations' as defined in the material?
What role would typically assist the Project Manager with estimating the scope of work?
What role would typically assist the Project Manager with estimating the scope of work?
Which activity is typically part of the Project Coordinator's responsibilities?
Which activity is typically part of the Project Coordinator's responsibilities?
What is one of the Project Management Principles outlined in the content?
What is one of the Project Management Principles outlined in the content?
According to the Project Management Principles, how should a project team approach stakeholder engagement?
According to the Project Management Principles, how should a project team approach stakeholder engagement?
Which of the following is a key aspect of project management principles?
Which of the following is a key aspect of project management principles?
According to the content, what are Project Performance Domains primarily concerned with?
According to the content, what are Project Performance Domains primarily concerned with?
Which of the following is an element of the Stakeholders Performance Domain?
Which of the following is an element of the Stakeholders Performance Domain?
What interpersonal skill encourages open and respectful communication, focusing on the present and future?
What interpersonal skill encourages open and respectful communication, focusing on the present and future?
When is a predictive development approach most suitable for a project?
When is a predictive development approach most suitable for a project?
In which project life cycle phase would feasibility studies typically be conducted?
In which project life cycle phase would feasibility studies typically be conducted?
What is a key characteristic of the Planning Performance Domain?
What is a key characteristic of the Planning Performance Domain?
What helps facilitate appropriate relations with stakeholders in the Project Work Performance Domain?
What helps facilitate appropriate relations with stakeholders in the Project Work Performance Domain?
What is a desired outcome related to project benefits in the 'Delivery Performance Domain'?
What is a desired outcome related to project benefits in the 'Delivery Performance Domain'?
What type of data is desired in the 'Measurement Performance Domain'?
What type of data is desired in the 'Measurement Performance Domain'?
In the 'Uncertainty Performance Domain', what does effective management of uncertainty involve?
In the 'Uncertainty Performance Domain', what does effective management of uncertainty involve?
What is 'CSF' in the context of project management?
What is 'CSF' in the context of project management?
According to the data presented, which Critical Success Factor (CSF) has the highest weighted average in construction projects?
According to the data presented, which Critical Success Factor (CSF) has the highest weighted average in construction projects?
Why is it important to have clear information and communications channels in construction projects?
Why is it important to have clear information and communications channels in construction projects?
Flashcards
Project
Project
A temporary endeavor to create a unique product, service, or result, having a start and finish date.
Project Management
Project Management
Applying knowledge, skills, tools, and techniques to project activities to meet project requirements.
Project Manager
Project Manager
The person who organizes a project.
Leadership
Leadership
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Construction Operations
Construction Operations
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Stakeholder
Stakeholder
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Project Coordinator
Project Coordinator
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Caring Steward
Caring Steward
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Engage stakeholders
Engage stakeholders
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Predictive Approach
Predictive Approach
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Adaptive Approach
Adaptive Approach
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Hybrid Approach
Hybrid Approach
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Deliberate Manner
Deliberate Manner
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Project Processes
Project Processes
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Projects Realize
Projects Realize
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Appropriate actions
Appropriate actions
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Uncertainty Performance
Uncertainty Performance
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Critical Success Factor
Critical Success Factor
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Project Value
Project Value
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Work Breakdown Structure (WBS)
Work Breakdown Structure (WBS)
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Study Notes
Motivations for Project Management
- Weak PM practices are still present, especially in construction organizations
- Poorly managed projects cost an estimated $122 million for every $1 billion invested
- Management schools are now preparing well-rounded PM professionals in project management.
- PM professional codes and standards exist
Observations on Project Management
- Some organizations don't know how their PM practices compare to best practices
- Some organizations are unconvinced of the value of PM practices
Methodological selection process
- The process Includes selecting global PM standards, followed by the use of those PM standards within the construction industry
- You have to then list the best PM practices from selected standards (processes, competences, and tools)
- The next step is to map and then finally to integrate the best PM Practices
Project Management Standards Used in Construction
- A Guide to the Project Management Body of Knowledge by the Project Management Institute(PMBOK/PMI)
- COMPETENCE BASELINE-3 by the International Project Management Association (IPMA)
- PRINCE2 (Project in a Controlled Environment by the UK Government)
- ISO 9000 (International Association for Standardization)
Project Scope Management
- Integrated Framework and Mapping for Project Scope Management utilizes the PMBOK Guide, ICB3, PRINCE2, and ISO 9001:2008
Project Management Definitions
- Project: A temporary endeavor undertaken to create a unique product, service, or result with a start and finish date
- Project Management: Applying knowledge, skills, tools, and techniques to project activities to meet project requirements
- Project Manager: The person assigned to lead the project team and achieve project objectives
- Leadership: The attitude, talent, character, and behavior to influence individuals for desired outcomes (PMI, 2021)
- Construction Operations: Any activity supporting construction, demolition, erection, remodeling, or structural repair on land
- Stakeholder: Anyone affected by a project's decisions or outcomes
Project Coordinator
- An assistant to the Project Manager in estimating work scope, requesting subcontractor quotations, document control, processing shop drawings, and preparing subcontracts/POs
- They measure/quantify changes, process RFIs, Sls, CCOs, COS & CDS, and create/maintain project schedules
- The coordinator role can evolve into Junior Project Manager, then Project Manager and eventually, VP of Construction or a contractor
Project Management Principles
- Be a diligent, respectful, and caring steward
- Create a collaborative project team environment
- Effectively engage with stakeholders
- Focus on value
- Recognize, evaluate, and respond to system interactions
- Demonstrate leadership behaviours
- Tailor based on context
- Build quality into processes and deliverables
- Navigate complexity
- Optimize risk responses
- Embrace adaptability and resiliency
- Enable change to achieve the envisioned future state
Project Performance Domains
- Stakeholders
- Team
- Development Approach and Life Cycle
- Planning
- Project Work
- Delivery
- Measurement
- Uncertainty
Stakeholders Performance Domain
- Desired outcomes involves stakeholders maintaining productive relationships
- There must be stakeholder agreement with project objectives
- The project needs to support satisfied project beneficiaries, and mitigate negativity from opposing stakeholders
Stakeholder Engagement
- Key aspects include identifying, understanding, and analyzing factors like power, impact, attitude, expectations, influence, proximity, and interest
- Its important to prioritize, engage and monitor stakeholders
Team Performance Domain
- Teams must have shared ownership
- Teams need to be high-performing
- Applicated includes leadership plus interpersonal skills
Interpersonal Skills of Project Management Teams
- Emotional Intelligence is about self-awareness, self-management, social awareness, and social skills
- Decision Making skills are essential
- Conflict Management is important for respectful communication, focusing on issues not people, future focus, and exploring all options
Development Approach and Life Cycle
- Predictive Approach: Utilized when project requirements are well-defined at the outset
- Adaptive Approach: It is best suited for volatile project requirements that often change
- Hybrid Approach: Combines adaptive and predictive approaches when projects face uncertainty and risk
Life Cycle Phases
- Feasibility
- Design
- Build
- Test/Deploy/Owner Takeover
- Close
Planning Performance Domain
- The project progresses in an organized, coordinated, and deliberate manner
- A holistic approach is used to deliver outcomes
- Planning ensures efficient elaboration and use of evolving information
- Also ensures time and information are optimized to manage stakeholder exceptions
- A process needs to be put in place to effectively adapt plans based on conditions and emerging project requirements
Project Work Performance Domain
- The desired outcomes are efficient and effective project performance.
- There should be a project that is appropriate for, and respectful of, the environament
- Communication with stakeholders needs to be prioritised
- Efficient management of physical resources is essential
- The project team must have capability due to conitnuous learning and progress/process improvements
Delivery Performance Domain
- Projects contribute to business strategy advancement; deliver realized outcomes within planned timeframes
- Deliverables are understood and stakeholders are accepting, satisfied of them
Measurement Performance Domain
- A reliable understanding of the status of the project
- Actionable data to facilitate decision making
- Timely and appropriate actions including keeping project performance on track
- Targets should be achieved to generate value by making informed forecasts
Uncertainty Performance Domain
- An awareness of the environment is required, including political, technological, social, market, and economic factors
- The project team must proactively explore/respond to the nature of the environment
- A project needs the capacity to anticipate threats, opportunities, and their issues
- Projects need to keep in mind little or no project effects from unforeseen/external conditions
- Cost and schedule reserves are utilized and aligned with project objectives to maintain balance
Critical Success Factors Definition(CSF)
- A CSF is an element that greatly impacts stakeholder perception of a project's outcome
- An integrated PM framework identifies best practices; weighting based on construction literature analysis
Seven Critical Success Factors in Construction
- Project success hinges on a multidisciplinary/competent project team, time performance, clear objectives/scope, formal contractor selection, competent project management and communication
- 89 research papers reviewed; Nguyen, L., et al. (2004) - studied multidisciplinary/competent project teams and interviewed 109 project managers
Project Management
- High PM implementation correlates with better project results; PM assessment tools were developed to explore best practices
- Strong correlation exists between effective PM implementation and: cost, time and client satisfaction
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