EXAM 1 STUDY GUIDE

EXAM 1 STUDY GUIDE - INTRODUCTION TO PROJECT MANAGEMENT...

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INTRODUCTION TO PROJECT MANAGEMENT **What is a project?**: when a group of people get together with a budget and a timeline and work together to fulfill their predetermined goal. o What a project is NOT: routine, repetitive work is not a project Programs : a series of coordinated, related, multiple projects that continue over extended time intended to achieve a goal. o Characteristics of a PROGRAM: The associated change is wide-ranging and designed to achieve a common goal or strategic business objective. Multiple deliverables staggered over a period of time. The timescale is loose and flexible, focused towards achievement of benefits, rather than meeting strict deadlines alone. It is complex and multi-disciplinary The scope is fluid and dynamic changes are expected What Is Project Management? o The application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements. PROJECT SUCCESS/FAILURE Project Success o What were the 5 criteria for project success described in the article by Ambler (“Defining Success”) 1. Good ROi 2. With time schedule 3. Met/surpassed expectations 4. Finished properly 5. Quality Reasons for Improvement o Iterative development - makes it easier for people to get what they want. o Web infrastructure - you can get things out quickly and people can learn it, touch it, and give feedback. Creates more of a dynamic. What were Robert Glass’s opinions about IT failure rate? o Psychological phenomenon/cognitive bias-not admitting to failure “Escalation of commitment to a failing course of action” o Natural inclination to increase our efforts when we receive negative feedback about a project, a decision, etc. o Even in the face of overwhelming evidence, we can move into denial. o Urge to work harder when our work is spoken poorly of. ORGANIZATION STRATEGY AND PROJECT SELECTION 1. Strategic Management Approach to Project Selection a. Theme 1: strategic alignment: every project should have a clear link to the organizations strategy. b. Strategic Management is the process of assessing “what we are” and deciding and implementing “what we intend to be and how we are going to get there.” Strategy describes how an organization intends to compete with the resources available in the existing and perceived future environment. b.i. Mission- identifies “what we want to become/who we are.” b.i.1. Identifies the scope in terms of its product or service. b.i.2. More specific mission statements give better results because of a tighter focus b.ii. Long-Range Goals and Objectives - translate the organization mission into specific, concrete, measureable terms. b.iii.
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This note was uploaded on 02/15/2012 for the course ISDS 4113 taught by Professor Staff during the Spring '08 term at LSU.

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EXAM 1 STUDY GUIDE - INTRODUCTION TO PROJECT MANAGEMENT...

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