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43 Cards in this Set
- Front
- Back
Project Management Methodologies typically include:
4 things |
- process models based around project lifecycle
- an organisation structure with defined roles - templates for documentation - guidelines for adapting the methodology to different situations |
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High level project success factors include:
4 areas |
- defining clear gols and objectives
- maintaining a focus on business value - ensuring senior management commitment - providing timely and clear communication |
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Conflict and Conflict Management
Definitions |
Conflict can be defined as different objectives and attitudes between two or more parties,
Conflict management is the process of identifying and addressing differences that, if left unresolved, could affect objectives. |
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Delivery -
- 6 fundamental components of every programme, portfolio and project |
Scope - what are the objectives and scope of the work ?
Schedule - how long will it take to achieve Finance - how are the necessary finds acquired anc costs managed ? Risk - what are the threats and opportunities involved ? Quality - how will fitness for purpose of the deliverables and management processes be assured ? Resource how will the necessary resources be acquired, mobilised and managed. |
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RACI
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Responsible
Accountable Consult Inform |
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Project Planning
7 questions to answer |
Why ?
What ? How ? Who ? When ? How much ? Where ? I KEEP six honest serving-men (They taught me all I knew); Their names are What and Why and When And How and Where and Who. Rudyard Kipling |
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Estimating - 3 primary methods
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- comparative - uses historical data
- parametric - uses defined parameters, eg area of a building - bottom-up - analytical, uses detailed spec for each element In early phases, both comparative and parametric can be used. As definition develops a product or work breakdown structure, bottom-up estimating can be used, |
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Stakeholder Management
4 main analysis steps |
4 main analysis steps
- identify stakeholders - assess interest and influence - develop communication management plan - engage and influence stakeholders |
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Scope management
6 main areas that work in unison to identify, define and control the project |
- requirements management
- solution development - benefits management - change management (business change) - change control (mechanistic) - configuration management |
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Benefits management process
5 stages |
- define benefits managemengt plan
- identify and structure benefits - plan benefits realisation - implement change -realise benefits |
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Change control
5 (typical) stages |
- request
- review - assess - decide - implement Emergency changes should be put through the process retrospectively Change control is intrinsicly linked to config management |
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Configuration Management
5 activities |
- config management planning
- configuration identificatioon - configuration control - configuration status accounting - configuration verfiication and audit closely aligned with change control. 3 forms of config audit - physical audit - functional audit (does it do what it's supposed to do ?) - system audit (checks the config management sstem is working) |
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Change Management
5 typical steps |
- assess
- prepare (create vision, gain support) - plan - implement - sustain |
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Formula - likelihood of change success
3 key factors: |
3 key factors:
- dissatisfaction with current situation (A) - desirability of proposed change (B) - practicality of proposed change (D) Formula = C= (ABD) > X where X is the cost of the change |
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Requirements Management
7 characteristics of a well-specified requirement 4 steps in a simple management process |
7 characteristics of a well-specified requirement
- uniquely identifiable - current - consistent - understandable - verifiable - traceable - prioritised 4 steps in a simple management process - gather reqts from stakeholders - analysel look for gaps, overlaps, conflicts - justify (needs v wants) - baseline needs before commencing solutions devt |
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Benefits of using a standard methodology:
4 typical areas |
benefits of using a standard methodology:
- use of consistent terminology - a common understanding of the responsibilities associated with roles - a structure for development of new project managers - greater mobility of staff between projects |
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Stakeholders - typical types
4 typical types |
4 typical types
- individuals and groups performing the work - individuals and groups affected by the work - owners, shareholders and customers - statutory and regulatory bodies |
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Stakeholder Management
5 questions to consider |
5 questions to consider
- how will they be affected by the work ? - will they be openly supportive, negative or ambivalent - who and/or what influences the stakeholders' view of the project ? - Who would be the best person to engage with teh stakeholder ?S |
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Configuration Management
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- physical audit
- functional audit (does it do what it's supposed to do ?) - system audit (checks the config management sstem is working) |
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Programme
Definition |
A group of related projects and change management activities that together achieve beneficial change for an organisation.
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APM - 5 dimensions of professionalism
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- breadth
- depth - achievement - commitment - accountability Breadth The APM Body of Knowledge defines the knowledge needed to manage any kind of project. It underpins many project management standards and methods including the National Occupational Standards in Project Management. Depth The APM Competence Framework provides a guide to project management competences. It is part of your professional toolkit; mapping levels of knowledge and experience to help you progress your skills and abilities. Achievement APM qualifications take your career in new and exciting directions. They are recognised across the profession and aligned with IPMA’s 4 level Certification Program. Commitment Continuing Professional Development helps develop your project management practice. A targeted development plan will enhance your project management career. Accountability The APM Code of Professional Conduct outlines the ethical practice expected of a professional. Becoming an APM member shows your commitment to the Code and sets you apart from others. |
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Project Management
Definition - 7 key areas |
What is project management?
Project management focuses on controlling the introduction of the desired change. This involves: ■Understanding the needs of stakeholders. ■Planning what needs to be done, when, by whom, and to what standards. ■Building and motivating the team. ■Coordinating the work of different people. ■Monitoring work being done. ■Managing any changes to the plan. ■Delivering successful results. |
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Governance
Definition |
Governance
Governance refers to the set of policies, regulations, functions, processes, procedures and responsibilities that define the establishment, management and control of projects, programmes and portfolios. |
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Portfolio Management
Definition |
Portfolio management
Portfolio management is the selection, prioritisation and control of an organisation’s projects and programmes in line with its strategic objectives and capacity to deliver. The goal is to balance change initiatives and business-as-usual while optimising return on investment. |
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Programme Management
Definition |
Portfolio management
Portfolio management is the selection, prioritisation and control of an organisation’s projects and programmes in line with its strategic objectives and capacity to deliver. The goal is to balance change initiatives and business-as-usual while optimising return on investment. |
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Integrative Management
Definition |
Integrative management
The application of management processes that integrate some or all fundamental components of scope, schedule, cost, risk, quality and resources. |
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Business Case
Definiton |
Business case
The business case provides justification for undertaking a project or programme. It evaluates the benefit, cost and risk of alternative options and provides a rationale for the preferred solution. |
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P3 Assurance
Defiinition |
Business case
The business case provides justification for undertaking a project or programme. It evaluates the benefit, cost and risk of alternative options and provides a rationale for the preferred solution. |
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Quality Management
Definition |
Quality management
Quality management is a discipline for ensuring that outputs, benefits, and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose. |
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Critical path
Definition |
Critical path
A sequence of activities through a network diagram from start to finish, the sum of whose durations determines the overall duration. There may be more than one such path. |
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Float
Definition |
Float
A term used to describe the flexibility with which an activity may be rescheduled. There are various types of float, such as total float and free float. In project management, float or slack is the amount of time that a task in a project network can be delayed without causing a delay to: subsequent tasks ("free float") project completion date ("total float") |
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Disbenefit
Definition |
Disbenefit
A consequence of change perceived as negative by one or more stakeholders. |
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Earned Value
Definition |
Earned value
The value of completed work expressed in terms of the budget assigned to that work. A measure of progress which may be expressed in cost or labour hours. |
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Earned Value Management
Definition |
Earned value management
A project control process, based on a structured approach to planning, cost collection and performance measurement. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan of performance measurement. |
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Estimating funnel
Definition |
Estimating funnel
A representation of the increasing levels of estimating accuracy that can be achieved through the phases of the life cycle. |
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Monte Carlo analysis
Definition |
Monte Carlo analysis
A technique used to estimate the likely range of outcomes from a complex process by simulating the process under randomly selected conditions a large number of times. |
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Line-of-balance
Defintion |
Line-of-balance
A scheduling technique for delivery of repetitive products that shows how resource teams move from product to product rather than the detail of individual activities. |
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Outcome
Definition |
Outcome
The changed circumstances or behaviour that results from the use of an output. |
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PERT
Definition |
Program evaluation and review technique
A network analysis technique that calculates standard deviations for the schedule based on three-point estimates of activity durations |
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Risk responsen
Definition |
Risk response
An action or set of actions to: - reduce the probability or impact of a threat - increase the probability or impact of an opportunity. |
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Rolling wave planning
Definition |
Rolling wave planning
The process whereby short term work is planned in detail and longer term work is planned in outline only |
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Spiral life cycle
Definition |
Spiral life cycle
A life cycle model that combines features of both iterative development and the waterfall method. |
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Three-point estimate
Definition |
Three-point estimate
An estimate in which optimistic, most likely and pessimistic values are given. |