Project Governance : Project Management

The study of Project Management typically consists of learning the tasks and challenges fundamental to managing complex projects across multiple functions. This includes objective setting and project design; managing without influence to gain the support of stakeholders and access to resources not directly under their management control; planning, scheduling, budgeting and monitoring; and risk assessment and management.

A PMO is a unified organization dedicated to improving the application and outcome of project management. They involve huge infrastructure, with rigid rationalized planning, control and procedure. A PMO is an organizational existence created to ease project managers in achieving project design. It is a group of people with a focus to support project managers in the successful implementation, and realization of projects. This provides an opportunity for project managers to broaden professionally if they were working solitarily from one another.

Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?

Unit VI Project Part 1 Dependencies A Gain an understanding of the marketplace A1 Assess Supply Chain Management A2 Analyze Competitor trends A1 A3 Analyze investment timing A1 B Analyze your business A B1 Analyze Consumer trends

PMO (Program Management Office) is an operation center that supports and governs a project from the start to finish. Typically, the PMO plays an important role in a project management. The main role of PMO is to assist stakeholders to support and monitor a project to achieve a successful completion.

Part 1: Review Questions1. Explain the processes and outputs involved in quality management for each phase of a project lifecycle. What is the role of the stakeholders in quality management? Who is ultimately responsible for ensuring the quality of the project?According to Schwalbe (2014), project quality management involves three main processes with their outputs (pg. 315):1. Planning quality management – identify the quality standards and requirements and how to meet them. Outputs: quality management plan, documentation for making updates and process improvements and quality metrics.2. Performing quality assurance – periodically evaluating overall project performance to ensure it still satisfies the quality standards.

A _______________ is a temporary endeavor undertaken to create a unique product, service, or result.

Institute, Project M. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, 5th Edition. PMI, 01/2013. VitalBook

1. What are the reasons the author advances the project management to be considered an "accidental profession?" The twelve guidelines are presented in no particular order. Order them by level of importance and explain your reasoning

22. Many activities have slack time; if we add these slack times together, this represents the potential improvement in early completion for the project.

Question 1. What project selection method described in the chapter will ABI probably employ for this proposal? Answer According to the description, the project selection method is profitability of numeric model. We might see the points from the business strategy 1) Bid only on good margin products that have the potential for maintaining their margins over a long term. 2) Pursue only new products. 3) Utilize the most advanced technology in new projects. “ project champion” approach to innovation and creativity. no more than 480 employees. 4) Foster the

During the course I learned various types of ideologies and practices for successful project managing. I may not be an expert, although I feel more knowledgeable and aware of how to manage projects effectively. There were six areas of project managing that I found to be very crucial to the success of completing projects and managing teams.

A PMO is a staff unit within an enterprise that has the organizational responsibility to define and maintain standards for project management. The principal goal of a PMO is to add value to the organization from its work in creating and monitoring policies, methods and processes of the practice of project management. When mature, the PMO may strive to be the well spring for documentation, measurements- and consulting guidance as it pertains to the implementation and management of projects within the organization. As a second responsibility, not universally found in all organizations, the PMO may take a more active role in project-related work by enforcing standards and auditing

Projects doesn’t work in isolation, rather they operate in an organization environment, therefore, project managers need to take a system or holistic approach in order to solve complex problems when they are working on projects integrating business and organizational issues into their planning (Schwalbe, 2014). The systems approach has been defined as a process of problem solving mainly forcing reviews on the relations of the various subsystems, understanding this dynamic approach that integrates all activities into a meaningful system seeking an optimal solution or strategy in solving problem (Kerzner, 2009).

The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.