Midterm Project Management Chapter 1: Modern Project Management I) Review Questions
Midterm Project Management Chapter 1: Modern Project Management I) Review Questions
i) Review Questions:
1) Define a project and its 5 characteristics that help differentiate projects from program
-Def :A complex, non-routine, one-time effort limited by time, budget, resources, and
performance specifications designed to meet customer needs
-Differentiations:
a) Has an established objective.
b) Has a defined life span with a beginning and an end.
c) Requires across-the-organizational participation.
d) Involves doing something never been done before.
e) Has specific time, cost, and performance requirements.
2) Key environmental forces that have changed the way projects are managed
a) Compression of the project life cycle
b) Global competition
c) Knowledge explosion
d) Corporate downsizing
e) Increased of customer focus, etc
3) Important of implementation of project to strategic planning and project manager
a) Do not tie together the overall strategies of the firm.
b) Fail to prioritize selection of projects by their importance of their contribution
to the firm.
c) Are not integrated throughout the project life cycle.
d) Do not match project planning and controls with organizational culture to
make appropriate adjustments in support of project endeavors.
4) Explain technical and socio-cultural dimensions of project management
5) Explain Integrative approach
-Def : An integrative approach to project management is one in which all the parts are
interrelated.
- The importance of the approach:
a) Projects must have a strong link to the organization’s strategic plan, which is
directed toward meeting the customer’s needs.
b) An integrative approach provides an integrated system for the actual
implementation of the projects. This includes an information system which
supports decision making
ii) Exercises:
1) Identify all the projects contained in the local newspaper
-Monorail will be built in the India by Scomi Berhad
-The launching ceremony of KLIA 2 to replace LCCT in 2012
2) Consider the greatest achievement accomplished by mankind to-date.
-Solar passenger car
-Landed on moon (Neil Armstrong)
-Highest building on the earth (Burj Khalifa)
3) Identify on question 1 whether both socio-cultural and technical elements factors in the
success or difficulties in the projects
-Both projects have both socio-cultural and technical elements in the projects.
-Difficulties still can been seen, but it isn’t affect much on the project
4) Check out Project Management Institute’s home page on www.pmi.org to find out about
general information, the location, PMBOK, and other links.
-General information:
Chapter 2 : Organization Strategy and Project Selection
i) Review Questions
1) Describe major components of the strategic management process
-Def: Art & science of formulating, implementing, and evaluating, cross functional
decisions that enable an organization to achieve its objectives.
-Components:
- Advantages:
Benefits
Builds discipline
Links project to strategic metrics
Prioritizes project
Allocates resources
Balances risk, etc
Advantages Disadvantages
Review potential projects Fails to answer the relative importance of
the of a potential project to the organization
Determine their acceptance or rejection Fails to allow for comparison with other
potential projects
Great flexibility in selecting the projects Power play, politics, manipulation
Easily used across different division and
location
i) Reviews Question
1) The pros and cons of functional, matrix, and dedicated team approaches