University of Toronto Course 1860 Foundations of Project Management Overview PDF

Risk: positive or negative uncertainties that may impact the project quality: how good does the quality need to be on the project does it have to be perfect resources: staff or materials required to execute the project 1. Stewarts act responsibly to carry out activities with Integrity...

Risk: positive or negative uncertainties that may impact the project quality: how good does the quality need to be on the project does it have to be perfect resources: staff or materials required to execute the project 1. Stewarts act responsibly to carry out activities with Integrity care and trustworthiness while maintaining compliance with internal and external guidelines. They demonstrate a broad commitment to financial, social, and environmental impacts of the projects they support. 2. Product teams are made up of individuals who wield diverse skills, knowledge, and experience. Project teams that work collaboratively can accomplish a shared objective more effectively and efficiently than individuals working on their own 3. Engage stakeholders proactively and to the degree needed to contribute to the project success and customer satisfaction 4. Continually evaluate and adjust alignment to business objectives and intended benefits and values 5. Recognize, evaluate, and respond to the dynamic circumstances within and surrounding the project in a holistic way to positively affect project performance 6. Demonstrate and adopt leadership behaviors to support individual and team needs 7. Design the project development approach based on the context of the project, it's objectives, stakeholders, governance, and the environment using ‘just enough’ process to achieve the desired outcome while maximizing value, managing cost, and enhancing speed 8. Maintain a focus on quality that produces deliverables that meet project objectives and aligned to the needs, uses, and acceptance requirements set  forth by relevant stakeholders 9. Continually evaluate and navigate project complexity so that approaches and plans enable the project to successfully navigate the project life cycle 10. Continually evaluate exposure to risk, both opportunities and threats, to maximize positive impacts and minimize negative impacts to the project and its outcomes 11. Build adaptability and resilience into the organization and project teams approaches to help the project accommodate change, recover from setbacks, and Advance the work of the project 12. Prepare those impacted for the adoption and sustainment of new and different behaviors and processes required for the transition from the current state to the intended future state created by the project customers Stakeholders: activities and functions associated with stakeholders Team: activities and functions associated with the people who are responsible for producing project deliverables that realize business outcomes Development approach and life cycle: activities and functions associated with the development approach, cadence, and life cycle phases of the project Planning: activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and outcomes Project work: activities and functions associated with establishing project processes, managing physical resources, and fostering a learning environment Delivery: activities and functions associated with delivering the scope and quality that the project was undertaken to achieve Measurement: activities and functions associated with assessing project performance and taking appropriate actions to maintain acceptable performance Uncertainty: activities and functions associated with risk and uncertainty Level 1 project: at the highest level is the project itself which is founded on all the levels below it every project needs to address all these concerns if it is to have a sturdy base to build upon Level 2: culture - understanding of project effect on people and how people affect the project; strategy - understanding how the product of the project supports the organization's strategy; structure - understanding the organization structure and reporting relationships; Governance understanding the policies, procedures, regulations and other elements of the organization's governance Level 3: economic / business - understanding of economic, demographic, educational, ethical, ethnic, religious, and other as pertaining to people directly impacted by the project; Political - understanding of applicable International Concepts such as laws, customs, political climate; environmental understanding of the geography, ecology, and other environmental aspects as they pertain to the project; Natural - understanding the natural environment in which the project operates Level 4: International - understanding the impact of international factors on the delivery of the project such as time zones, holidays, travel requirements, cultural aspects, and other logistics; local - understanding the impact of local factors in the delivery of the project, such as labor and regulations; National - understanding the impact of national factors such as regulations, holidays, economic; Global - understanding the impact of global agreements and regulations