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project management
An Introduction To Project Management. 5th Edition Kathy Schwalbe - Solutions
Describe the importance of holding a good project kick-off meeting
Create a project charter to formally initiate a project
Identify project stakeholders and perform a stakeholder analysis
Prepare a business case to justify the need for a project
Discuss the initiating process used by Global Construction, Inc., including pre-initiating tasks, breaking large projects down into smaller projects, and initiating tasks
Describe the five project management process groups, map them to the project management knowledge areas, discuss other project management methodologies and why organizations often develop their own, explain the concept of agile project management, and understand the importance of top management
3. Divide your projects into several categories based on types of investment
2. Prioritize the projects in your list. It’s important to know which projects are most important to an organization so that resources can be applied accordingly.
1. Put all of your projects in one list. Many organizations find duplicate or unneeded projects after they identify all the projects on which they are working.
Finding appropriate suppliers for the materials
Screening and hiring various construction workers
Coordinating with an architect to understand the house design
Finding and managing a land excavation firm to prepare the land
Working with local government groups to obtain permits
Directives are new requirements imposed by management, government, or some external influence. For example, a college or university may have to meet a requirement to discontinue the use of students’ social security numbers for data privacy
Opportunities are chances to improve the organization. For example, a company might want to revamp its Web site or provide a booth at a conference to attract more customers.
Problems are undesirable situations that prevent an organization from achieving its goals. These problems can be current or anticipated. For example, if a bridge in a major city collapses, that problem must be addressed as soon as possible.
4. Stewardship Perspective: What resources are required to achieve the mission? How are revenue generating strategies balanced with expense management?
3. Customer Perspective: How do we meet customer needs and exceed expectations? What do we want the community to say about us?
2. Process Perspective: What must we excel at in order to satisfy our customers? How do we meet their needs consistently?
1. People and Learning: What resources, skills, training and support must staff have in order to work effectively? What organizational culture is conducive to strong people performance?
4. Be effective stewards of all of our assets, continually improving them to advance our mission
3. Be a great place to work
2. Care for each and every child as if they were our own
1. Be a leader in improving children’s health through our integrated health system; becoming a pre-eminent voice for children
Describe the project portfolio selection process and the five levels of project portfolio management
Discuss the program selection process and distinguish the differences between programs and projects
Summarize the various methods for selecting projects and demonstrate how to calculate net present value, return on investment, payback, and the weighted score for a project
Explain the four-stage planning process for project selection and provide examples of applying this model to ensure the strategic alignment of projects
Describe the importance of aligning projects with business strategy, the strategic planning process, and using a SWOT analysis
4. Review information about the exams required for earning PMP and CAPM certification. Find and take several sample tests. Document your findings in a one- to two-page paper or short presentation, citing your references
3. As a team, discuss projects that you are currently working on or would like to work on to benefit yourself, your employers, your family, or the broader community. Come up with at least ten projects, and then determine if they could be grouped into programs. Write a one- to two-page paper or
2. Go to www.indeed.com, www.monster.com, or another job search site and search for jobs as a "project manager" or “program manager” in three geographic regions of your choice. Write a one- to two-page paper or prepare a short presentation summarizing what you found.
10) Do you have any suggestions for future project managers, such as any specific preparations they should make, skills they should learn, etc.?
9) What suggestions do you have for working with sponsors and senior managers? Can you share any examples of situations you faced related to this topic?
8) What are some steps a project manager can take to improve the effectiveness and efficiency of a team? How does a new project manager gain the respect and loyalty of team members? Can you share any examples of situations you faced related to this topic?
7) What are some of the tools, software or otherwise, that you use, and what is your opinion of those tools?
6) What are some of the opportunities and risks you have encountered on projects? Please describe any notable successes
5) What do you feel is the most important thing you do as a project manager? On what task do you spend the most time each day?
4) Did you have any training or special talents or experiences that qualified you to be a project manager? Are you certified or have you thought about becoming certified as a PMP?
3) Briefly explain the reason for your rating. What do you enjoy most and what do you like least about being a project manager?
2) If you had to rate the job of project manager on a scale of 1-10, with 10 being the highest, how would you rate it?
1) How did you get into project management?
8. Research information about earning and maintaining PMP and CAPM certifications. Summarize your findings in a short paper or presentation.
7. Research recent studies about project success, such as one by Pedro Serrandor and Rodney Turner called “The Relationship Between Project Success and Project Efficiency,” (2015). Write a short paper or prepare a presentation summarizing your findings.
6. Watch the videos of PMI's Project of the Year Award winners from PMI's Web site. The direct link is available from www.intropm.com under Student Resources. Summarize key points from at least two of the videos. What did the project teams do to ensure success? What challenges did they face, and
5. Review information from http://project-management-softwarereview.toptenreviews.com. Read at least four reviews and visit the supplier Web sites for their products. Also investigate smart phone apps for project management. Write a one-page paper or prepare a short presentation summarizing your
4. Go to www.gradschools.com and www.mastersinprojectmanagement.com to search for graduate schools that offer courses and programs related to project management.Review schools by location and format. Summarize your findings and opinions in a short paper or presentation.
3. Find an example of a real project with a real project manager. Feel free to use projects in the media (the Olympics, television shows, movies, and so on) or a project from work, if applicable. Write a onepage paper or prepare a short presentation describing the project in terms of its scope,
2. Read the PMI report called the “Pulse of the Profession®: The High Cost of Low Performance.” Download the entire 13-page report from www.pmi.org. Write a one-page paper or prepare a short presentation summarizing key information and your opinion of the report.
1. Review PMI’s Web site (www.pmi.org) and read and summarize one article from PM Network (a monthly magazine – under Learning, Publications). Write a one-page paper or prepare a short presentation summarizing key information and your opinion of the article.
7. What functions can you perform with project management software?What are some popular names of low-end, midrange, and high-end project management software tools?
6. What role does the Project Management Institute play in advancing the profession?
5. What are the roles of the project, program, and portfolio managers?What are suggested skills for project managers? What additional skills do program and portfolio managers need?
4. Discuss the relationship between project, program, and portfolio management and their contribution to enterprise success.
3. What is project management? Briefly describe the project management framework, providing examples of stakeholders, knowledge areas, tools and techniques, and project success factors.
2. What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? What is the triple constraint?
1. Why is there a new or renewed interest in the field of project management?
5.2.2 We are truthful in our communications and in our conduct.
5.2.1 We earnestly seek to understand the truth.
4.3.1 We proactively and fully disclose any real or potential conflicts of interest to appropriate stakeholders.
4.2.2 We constantly reexamine our impartiality and objectivity, taking corrective action as appropriate.
4.2.1 We demonstrate transparency in our decision-making process.
3.2.3 We approach directly those persons with whom we have a conflict or disagreement.
3.2.2 We listen to others’ points of view, seeking to understand them.
3.2.1 We inform ourselves about the norms and customs of others and avoid engaging in behaviors they might consider disrespectful.
2.2.3. We fulfill the commitments that we undertake—we do what we say we will do.
2.2.2 We accept only those assignments that are consistent with our background, experience, skills, and qualifications.
We make decisions and take actions based on the best interests of society, public safety, and the environment.
Engage your stakeholders. Ignoring stakeholders often leads to project failure. Be sure to engage stakeholders at all stages of a project, and encourage teamwork and commitment at all times. Use leadership and open communications to make things happen
Make sure your projects are driven by your strategy. Be able to demonstrate how each project you undertake fits your business strategy, and screen out unwanted projects as soon as possible.
Very novel projects: Leadership, people skills, having vision and goals, self-confidence, expectations management, and listening skills were most important.
High uncertainty projects: Risk management, expectation management, leadership, people skills, and planning skills were most important.
Large projects: Leadership, relevant prior experience, planning, people skills, verbal communication, and team-building skills were most important.
There is some luck involved in project management, and you should always aim high. Nick and Amy were teamed against Bill, Troy, and Kwame to rent out a party room for the highest price. Troy’s team seemed very organized and did get a couple of good bids, but Nick and Amy didn’t seem to have any
Think outside the box. Troy led his team in trying to make the most money selling rickshaw rides using traditional methods. The other team brainstormed ideas and decided to sell advertising space on the rickshaws, which was a huge success.
Work on projects and for people you believe in. Kwame’s team selected an artist based on her profit potential, even though he and other teammates disliked her work. The other team picked an artist they liked, and they easily outsold Kwame’s team.
Don’t be overly emotional and stay organized. Erika had a difficult time leading her team in selling Trump Ice, and she became flustered when they did not get credit for sales because paperwork was not done correctly. Her emotions were evident in the boardroom when she was fired.
Be a team player. Tammy clearly did not get along with her team, and no one supported her in the boardroom when her team lost.
Stand up for yourself. When Trump fired Kristi over two other candidates, he explained his decision by saying that Kristi didn’t fight for herself, while the other two women did.
Know the business. Restaurants often have the highest profit margins on certain items, like drinks. One team focused on increasing bar sales, which generated the most profit, and easily won the competition that week.
Trust your team and delegate. Sam had problems as a team member and project manager, but his lack of trust in and respect for and from his teammates led to his downfall.
Human relations (leadership, motivation, negotiations, etc.)
General business (financial management, strategic planning, etc.)
The project environment (politics, culture, change management, etc.)
The application area (domain, industry, market, etc.)
All ten project management knowledge areas
A government agency for children’s services could group projects into a portfolio based on key strategies such as improving health, providing education, and so on to help make decisions on the best way to use available funds and resources.
In a clothing firm, strategic goals might include improving the effectiveness of IT, introducing new clothing lines, reducing inventory costs, and increasing customer satisfaction. These might be the main categories for their portfolio of projects.
In a construction firm, strategic goals might include increasing profit margins on large projects, decreasing costs on supplies, and improving skill levels of key workers. Projects could be grouped into these three categories for portfolio management purposes.
Do we have the right resources to be competitive?
Are we investing in the right areas?
Are we working on the right projects?
Do project stakeholders know what they should be doing?
Are projects on time and budget?
Are we carrying out projects well?
Reporting information to optimize an organization’s projects and programs
Designing and implementing metrics to demonstrate and improve return on investment through portfolio management.
Improving the implementation and maintenance of governance initiatives
Streamlining operations through portfolio management
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