SPM 104 Week 2: Canadian Industry Overview
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Questions and Answers

Мезеть, кода винь, миссиясь ди веть якань весть?

  • Винь - мезеть ялыки, миссиясь - мезеть ялыки
  • Винь - мезеть ялыки, миссиясь - мезеть тееви (correct)
  • Винь - мезеть тееви, миссиясь - мезеть тееви
  • Винь - мезеть тееви, миссиясь - мезеть ялыки
  • Мезесь тееви, кода организациянь видениесь улема вастса?

  • Организациясь тонавтсавтне
  • Организациясь тееви тонавтсавтнень вельде
  • Организациясь тееви кода прянсавтне, конат содавить вельде
  • Организациясь тееви винь, миссиясь ди стратегиясь вельде (correct)
  • Организациясь тееви тонавтсавтнень вельде
  • Мезесь тееви, кода проектсь корхтась ветемась организациять вельде?

  • Проектсь тееви видениесь, миссиясь ди стратегиясь вельде (correct)
  • Проектсь тееви вельде миссиясь вельде
  • Проектсь тееви стратегиясь вельде
  • Проектсь тееви видениесь вельде
  • Мезеть тееви, кода «strategic goals» (стратегической цельстнэ) улемат?

    <p>Те-инь улемат стратегиянь вельде (D)</p> Signup and view all the answers

    Мезе мельсэсь, кода бизнес-стратегиянь ламось?

    <p>Лембесь-лембесь арсемась, кода виевс бизнесэсь (C)</p> Signup and view all the answers

    Мезесь тееви, кода объективтнэ улемат?

    <p>Объективтнэ те-инь улемат стратегиянь вельде (B)</p> Signup and view all the answers

    Мезесь тееви, кода проектсь тееви, кода вельде организациясь тееви ветемась?

    <p>Проектсь тееви вельде видениесь, миссиясь ди стратегиясь вельде (A)</p> Signup and view all the answers

    Мезе мельсэсь, кода стратегической аштицясь?

    <p>Эди вадрясь-вадрясь аштицясь, кода виевс моньгонь бизнесэсь (C)</p> Signup and view all the answers

    Кода X ди Y проектнень менеджертне тееви?

    <p>X - стратегической, Y - улемась (B)</p> Signup and view all the answers

    Мезе мельсэсь, кода виевс бизнесэнь ламось?

    <p>Виевс моньгонь бизнесэсь кода аштицясь (C)</p> Signup and view all the answers

    Мезесь тееви, кода проектсь эряви кода программась вельде?

    <p>Проектсь тееви кода ветемась (B)</p> Signup and view all the answers

    Мезе мельсэсь, кода бизнес-стратегиянь эрямось?

    <p>Эрявсь бизнесэсь, кода лия арсемась (A)</p> Signup and view all the answers

    Мезе мельсэсь, кода бизнес-стратегиянь лембесь-лембесь аштицясь?

    <p>Лембесь-лембесь аштицясь, кода виевс бизнесэсь (B)</p> Signup and view all the answers

    Мезе мельсэсь, кода бизнес-стратегиянь виевс лембесь?

    <p>Виевс бизнесэсь кода лембесь (A)</p> Signup and view all the answers

    Мезе мельсэсь, кода бизнес-стратегиянь саевс аштицясь?

    <p>Саевс аштицясь кода виевс бизнесэсь (D)</p> Signup and view all the answers

    Кавтонь содамокс монь масторсь эрявтовить?

    <p>Кавтонь содамокс монь масторсь эрявтовить кавтонь чинь эрявтоманть (D)</p> Signup and view all the answers

    Кая мельсэ кода эрявтомась кармады вадрясто?

    <p>Эрявтомась кармады вадрясто кода ашти эрявтомась, максось ди содамокс (D)</p> Signup and view all the answers

    Кода кемекс монь масторсь мельсэ кармады вадрясто?

    <p>Кемекс монь масторсь мельсэ кармады вадрясто, кода ашти эрявтомась ди максось, содамокс (A)</p> Signup and view all the answers

    Кая мельсэ кода эрявтомась кармады?

    <p>Эрявтомась кармады вадрясто, кода ашти эрявтомась, максось ди содамокс (C)</p> Signup and view all the answers

    Кая мельсэ кавтонь содамокс кармады вадрясто?

    <p>Кавтонь содамокс кармады вадрясто, кода ашти эрявтомась, максось ди содамокс (D)</p> Signup and view all the answers

    Кая мельсэ кода кавтонь киевсь кармады вадрясто?

    <p>Кавтонь киевсь кармады вадрясто, кода ашти эрявтомась, максось ди содамокс (D)</p> Signup and view all the answers

    What is the primary purpose of a project charter?

    <p>To formally authorize the existence of a project (D)</p> Signup and view all the answers

    Which of the following is NOT typically included in a project charter?

    <p>Technical specifications (A)</p> Signup and view all the answers

    What does the project charter provide to the project manager?

    <p>Authority to apply organizational resources (D)</p> Signup and view all the answers

    Which element is a requirement of a project charter according to PMBOK® Guide?

    <p>Assumptions and constraints (D)</p> Signup and view all the answers

    In the project charter, the purpose of including a stakeholder list is to:

    <p>Identify individuals involved in project approval (C)</p> Signup and view all the answers

    What document is created at the closing phase of project management?

    <p>Final Reporting (B)</p> Signup and view all the answers

    Which aspect should NOT be part of a project charter's objectives?

    <p>Offering a comprehensive plan for execution (D)</p> Signup and view all the answers

    What is typically included in the 'Budget' section of a project charter?

    <p>Authorization of the budget by the sponsor (C)</p> Signup and view all the answers

    Мель Дуглас – сон кавтонь?

    <p>Инженерсь (C)</p> Signup and view all the answers

    Кад башка масторсто сон эряви?

    <p>Канада (D)</p> Signup and view all the answers

    Кавтондо вейсэнь, минь сон кавксть, менеджерсь товсь...

    <p>...энень эряви вевтемась минекть. (A)</p> Signup and view all the answers

    Кадонь сон товсь?

    <p>Инженерсь (A)</p> Signup and view all the answers

    Кавтондо вейсэнь, минь сон кавксть, менеджерьтне товсь...

    <p>...неень шкань минь весть, эсь менеджертне кадовксть. (C)</p> Signup and view all the answers

    Мезесь сон кавксть?

    <p>Проектэнь менеджерсь (A)</p> Signup and view all the answers

    Кавтось валтнестэ сонзэ кортамо "Program" терминась?

    <p>Евтькстэсь проекттнестэ ды тевс, конатнень эйстэ прявтось куншкалось саить (A)</p> Signup and view all the answers

    Мейле, мельсэ "Portfolio" терминась?

    <p>Евтькстэсь кортамо проекттнестэ, программастэ ды тевс, конатнень ванстовить вийсэ (A)</p> Signup and view all the answers

    Кавтось валтнестэ, кить вийсэ "Program" ды "Portfolio" терминатнень?

    <p>Кить вансь вийсэ кортамо проекттнестэ ды тевс, конатнень ванстовить вийсэ (C)</p> Signup and view all the answers

    Кавтось валтнестэ, кить "OPM" терминась?

    <p>Евтькстэсь кортамо организациястонть проекттнесть, конатнень ушодыть вийсэ (C)</p> Signup and view all the answers

    Flashcards

    Business Environment

    The external factors that influence an organization's operations and decisions.

    Productivity Improvements

    Enhancements in technology and processes that increase worker output.

    Sustainability Importance

    The requirement to consider environmental impacts in business practices.

    Strategic Alignment

    Coordinating resources and strategies to achieve long-term goals.

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    Business Strategy Defined

    A plan of action that details how a business will achieve its objectives.

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    Value Creation

    The process of generating worth through products and services.

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    Opportunity Identification

    Spotting potential advantages in external changes like technology or culture.

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    Telemedicine Growth

    The expansion of remote medical services, accelerated by the Covid-19 pandemic.

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    Коррупция

    Устранение коррупции поддерживается законами для этического бизнеса.

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    Технологии информации (IT)

    Влияние IT создаёт эффективность в бизнесе через компьютеры и интернет.

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    Эффективность

    Производство товаров/услуг с наименьшими затратами ресурсов.

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    Электронная коммерция

    Покупка и продажа товаров через интернет.

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    Демография

    Статистическое изучение человеческого населения.

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    Стареющее население

    Увеличение количества пожилых людей в обществе.

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    Глобальная конкуренция

    Рост конкуренции и свободной торговли между странами.

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    Реструктуризация бизнеса

    Перераспределение ответственности среди рабочих для повышения реакции на клиентов.

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    Vision

    A future state describing the long-term direction of an organization.

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    Mission Statement

    Explains the purpose of an organization and its intended direction.

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    Goal

    Targets established to guide an organization toward achieving its vision.

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    Strategy

    The approach taken to achieve the organization's goals.

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    Objective

    Measurable steps taken to achieve a strategy.

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    Tangible Value

    Physical assets or benefits resulting from a project.

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    Intangible Value

    Non-physical benefits gained from a project, like brand recognition.

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    Project Management

    The practice of leading and managing projects to achieve business goals.

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    Программа (Program)

    Группа связанных проектов и мероприятий, управляемых совместно для получения общих выгод.

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    Портфель (Portfolio)

    Группа проектов, программ и операций для достижения стратегических целей.

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    Управление программой (Program Management)

    Управление компонентами программы и контроль взаимозависимостей для реализации конкретных выгод.

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    Управление портфелем (Portfolio Management)

    Выбор правильных программ и проектов, приоритетизация работы и выделение ресурсов.

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    Организационное управление проектами (OPM)

    Обеспечение того, чтобы организация выполняла правильные проекты и оптимально использовала ресурсы.

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    Strategic Thinking

    A method to identify unique opportunities and promote innovative dialogue.

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    Canadian Business Industry

    The commercial landscape in Canada where businesses operate.

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    Unique Opportunities

    Distinctive prospects that can add value to a business.

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    Competitive Edge

    An advantage that helps a business outperform its rivals.

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    Top-Down Model

    A traditional approach where decisions flow from higher management to lower staff.

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    Agile Methods

    Flexibility-based approaches to project management emphasizing iterative progress.

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    Evolution of Project Management

    The continuous development of project management practices and techniques over time.

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    Project Charter

    A document that authorizes the existence of a project and grants authority to the project manager.

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    Project Manager Authority

    The power given to the project manager to use organizational resources for project activities.

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    Key Information in Charter

    Includes requirements, business needs, schedule, assumptions, and business case.

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    Project Objectives

    The specific goals the project aims to achieve, aligned with business needs.

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    Stakeholder List

    A list of individuals or groups who have an interest in the project and will be affected by it.

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    Budget Authorization

    The approval of financial resources allocated for the project by the project sponsor.

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    High-level Requirements

    General descriptions of what the project should deliver, including risks and constraints.

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    Project Approval Requirements

    Criteria that must be met for the project to be approved, such as regulatory and budget constraints.

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    Study Notes

    Course Information

    • Course code: SPM 104
    • Course topic: Canadian Industry
    • Week: 2
    • Date: January 15, 2025

    Instructor and Contact Information

    Course Outline and Syllabus

    • Overview of the course outline and syllabus were presented.

    Strategic Project Management and the Canadian Business Industry

    • Project management skills are highly valued in today's dynamic business environment.
    • Projects are essential for continued growth in commercial settings.
    • Strategic thinking involves finding unique opportunities and fostering dialogue to align with company direction.
    • It's about understanding fundamental drivers and challenging conventional thinking.
    • This approach broadens perspectives, fosters innovation, and promotes competitive advantage.
    • Effective project managers move beyond traditional top-down models to promote strategic thinking across all levels.

    Strategic Project Management and the Canadian Business Industry

    • "Hope is not a strategy." To achieve success in a changing market, project managers need to take a strategic approach and move away from daily operational tasks.
    • To achieve success, project managers need to dedicate more time to strategic thinking and leading project teams.

    History of Project Management

    • Before the 1900s, project management relied on architects and engineers.
    • Significant advancements in project management have taken place in the last century.
    • Visualization tools, agile methods, and evolving processes have shaped contemporary project management.
    • Project management is becoming more of a science than an art due to standardization of processes, concepts and software developments.

    Examples of Projects

    • Olympic Games
    • Taj Mahal
    • Hoover Dam
    • Pyramids of Giza
    • Polio Vaccine
    • GPS devices
    • Outcomes of successful projects are linked to effective management of practices, principles, tools, and techniques.

    Project Management Contributions

    • Sixty percent of senior executives place a high priority on developing strong project management disciplines.
    • Source: McKinsey & Co., January 2010
    • The complexity of today's business environment requires factors beyond cost and profit for successful project management.
    • Growing operations, diverse products, and involvement in various industries make project evaluations and selections more involved.
    • This necessitates enhanced analytical and management skills and models.

    The Business Environment

    • Six key elements of the business environment:
      • Legal environment (Regulations, Contract Laws, Anti-Corruption Laws)
      • Economic environment (Income, Expenditures, Resources, Consumer Spending, Employment Levels, Productivity, Currency Movements)
      • Technological environment (Information Technology, Impact, Productivity, E-commerce, Efficiency in Production)
      • Competitive environment (Factors that drive competition, Demand, Competitive Pricing, Empowerment)
      • Social environment (Demographics, Aging Population, Multiculturalism and Diversity)
      • Global environment (Global Competition, Free Trade, Transportation, Communication, Technology and Economic Growth)

    Why Is the Business Environment Important to Organizations?

    • Understanding the business environment is vital for businesses.
    • Understanding social trends aids in anticipating business needs and outcomes.

    Strategic Alignment

    • A successful business strategy should encompass coordinated choices about the highest-value business model and effective use of resources.
    • Strategies need to constantly adapt to changing environments.
    • It's important to identify and exploit opportunities arising from external factors such as developments in technology, demographics, culture, geopolitics and disease.

    Strategic Alignment

    • Strategic alignment is the proper arrangement of internal and external organizational factors to achieve long-term goals.
    • Every project has a purpose even intangible benefits like brand recognition.

    Business Strategy

    • A business strategy is a detailed plan that sets the direction of a business and how resources are to be allocated.
    • Example: Tesla's strategy to become the foremost electric vehicle company.

    Business Strategy – Organizational Components

    • Organizational structure, strategy implementation processes, and organizational capabilities are necessary for achieving long-term value.
    • To understand a project's connection to the organization, you need to know its Vision (future state) and Mission (purpose).
    • Goals are long-term objectives, and strategies are the plans to achieve them.
    • Objectives are measurable steps to accomplish strategic goals.

    Strategic Alignment – Scenarios

    • Example scenarios show how project managers impact project outcomes through clarifying project purpose, importance, and contribution to company goals.

    Project Management Contributions

    • Projects drive changes within organizations, enable business value creation.
    • Tangible examples (assets), intangible examples (brand recognition, strategic alignment, social benefit) of project contributions.

    Project, Program, and Portfolio Management

    • A project can be managed independently, within a program, or within a portfolio.
    • A program is a group of related projects coordinated to achieve shared goals. A portfolio represents projects, programs, and operations grouped to achieve strategic objectives.

    Project Management Processes

    • The five process groups: Initiating, Planning, Executing, Monitoring and Controlling, Closing. (Note different processes for each group)

    Project Charter

    • A project charter formally authorizes the project and gives the project manager authority.
    • It links projects, resources, strategic objectives and also shows commitment to a project. Contains key project information relevant to project activities.

    Homework Assignment

    • Create a project charter using a provided template,
    • Due date: January 29th, 2025

    Next Class

    • Project Management Strategies and Methodologies will be discussed.

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    Description

    This quiz covers the introductory concepts of strategic project management within the Canadian business industry, as discussed in week 2 of SPM 104. Understand how project management skills foster growth and strategic thinking in a dynamic environment.

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