Podcast
Questions and Answers
What are key factors CIOs consider when selecting projects?
What are key factors CIOs consider when selecting projects?
What is the first phase of project management?
What is the first phase of project management?
Initiation
Match the following project development methodologies with their descriptions:
Match the following project development methodologies with their descriptions:
Waterfall Development = Linear and sequential project management Agile Development = Methodologies that emphasize iterative development and customer feedback Rapid Application Development = Focuses on quick development and iteration Extreme Programming = Emphasizes customer satisfaction and teamwork
The process of assigning projected values for time and effort is known as _____
The process of assigning projected values for time and effort is known as _____
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Portfolio management ignores different types of projects within an organization.
Portfolio management ignores different types of projects within an organization.
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What is a critical success factor for project management?
What is a critical success factor for project management?
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Name one reason why projects are often rejected.
Name one reason why projects are often rejected.
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Which project management phase follows planning?
Which project management phase follows planning?
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What is the purpose of a feasibility study in project selection?
What is the purpose of a feasibility study in project selection?
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Agile development methodologies minimize face-to-face communication.
Agile development methodologies minimize face-to-face communication.
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Study Notes
Project Selection and Management
- CIOs face the challenge of selecting projects providing the highest return on IT investments.
- Project portfolio management is crucial for IT departments.
- A selected system development project needs a thorough project management process.
- Realistic assessment at the beginning and subsequent management are vital for project success.
Project Management Steps
- Select the appropriate development methodology.
- Estimate the time needed based on project size.
- List all necessary steps.
- Determine staff requirements.
- Assign tasks and implement coordination mechanisms for team members.
- Monitor project progress.
- Refine estimates as work progresses.
Organizational Perspective on Projects
- Organizations need to balance costs and benefits of project selection.
- Trade-offs are required.
- The percentage of high-risk projects within the overall portfolio is a factor to consider.
- Reasons for project rejection include lack of funds, planned organizational changes, similar projects already underway, and misalignment with company strategy.
Project Selection
- System projects are evaluated within the context of the entire project portfolio.
- Feasibility studies are crucial to determine the project's contribution to the portfolio.
- Portfolio management considers the diverse types of projects within an organization.
- Approval committees prioritize allocating limited resources to high-payoff projects.
- If multiple high-payoff projects with similar risks exist, only one may be selected.
Project Planning
- Project management phases include initiation, planning, execution, control, and enclosure.
Project Methodology Options
- A methodology is a formalized approach to implementing the SDLC.
- Methodologies include Waterfall Development, Parallel Development, V-model, Rapid Application Development (RAD), Iterative Development, System Prototyping and Agile Development.
Waterfall Development
- A sequential software development process.
Parallel Development
- A software development process that involves multiple teams working on different parts of the project simultaneously.
V-model
- A variation of the Waterfall Development emphasizing testing at each stage.
Rapid Application Development (RAD)
- A software development methodology that emphasizes rapid prototyping and iterative development.
Iterative Development (RAD)
- A process where the project is developed in cycles, and each cycle builds upon the previous one.
System Prototyping (RAD)
- A software development methodology that involves creating a working prototype of the system before a final version.
Throwaway Prototyping
- A prototyping method where the prototype is discarded after it has been used to gather requirements and feedback.
Agile Development
- A group of programming-centric methodologies simplifying the SDLC.
- Encourages face-to-face communication.
- Extreme programming prioritizes customer satisfaction and teamwork.
Extreme Programming
- A software development methodology emphasizing frequent releases, continuous testing, and close collaboration between developers and customers.
Selecting the Appropriate Development Methodology
- Key factors for choosing the appropriate development methodology:
- Clarity of user requirements
- Familiarity with technology
- System complexity
- System reliability
- Short time schedules
- Schedule visibility
Estimating the Project Time Frame
- Development methodologies aim to accelerate project completion while maintaining quality.
- The project manager's primary task is developing a time plan, regardless of the project's criticality.
- Estimation involves assigning projected values for time and effort.
- Estimation can be performed manually or with software, such as Construx Estimate, Costar, and KnowledgePLAN.
- Numbers for calculations are sourced from various sources, including the chosen methodology.
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