“
Program management
,” it states, “focuses on project interdependencies and helps to determine the optimal approach for managing and realizing the desired benefits.” Programs are groups of related projects (and sometimes, other activities) organized and managed in a coordinated way, usually to ensure alignment with …
Project Phases
PMBOK calls them “a collection of logically related project activities that culminates in the completion of one or more deliverables” (41).
What is the best approach to project management?
1.
Agile
. One of the more recognizable project management methodologies, Agile is best suited for projects that are iterative and incremental. It’s a type of process where demands and solutions evolve through the collaborative effort of self-organizing and cross-functional teams and their customers.
Which of the following is a component of the project management plan?
A project management plan is a collection of baselines and subsidiary plans that include:
Baselines for scope, schedule, and cost
.
Management plans for scope, schedule, cost, quality, human resources, communications, risk, and procurement
.
Requirement management plan
.
Which of the following process groups closes out all procurement activities and ensures termination of all relevant agreements?
What process groups closes out all procurement activities and ensures termination of all relevant agreements?
Closing
.
What is project life cycle with example?
The Project Life Cycle consists of four main phases through which the Project Manager and his team try to achieve the objectives that the project itself sets. The four phases that mark the life of the project are:
conception / start, planning, execution / implementation and closure
.
What are the five process groups in project management?
There are 5 phases to the project life cycle (also called the 5 process groups)—
initiating, planning, executing, monitoring/controlling, and closing
. Each of these project phases represents a group of interrelated processes that must take place.
What are the 4 types of approaches to project management?
- Waterfall methodology. The Waterfall method is a traditional approach to project management. …
- Agile methodology. …
- Scrum methodology. …
- Kanban methodology. …
- Scrumban methodology. …
- eXtreme programming (XP) methodology. …
- Adaptive project framework (APF) methodology. …
- Lean methodology.
What are the four stages of project management?
Planning, build-up, implementation, and closeout
.
What is project management techniques?
Project management techniques are your procedure. They are
your roadmap
. When you use a PM technique, you’ll organize all the moving parts of your project into a logical set of tasks, leaving nothing to chance. When you follow it step-by-step, you’ll ensure that you complete the project successfully.
What are the 3 main components of any project?
- Scope Statement.
- Critical Success Factors.
- Deliverables.
- Work Breakdown Structure.
- Schedule.
- Budget.
- Quality.
- Human Resources Plan.
What are the four elements of a project?
There are many aspects to successful project management but it starts with a project manager’s ability must simultaneously manage the four basic elements of a project:
resources, time, money and most importantly scope
(8).
What are the three main elements of project management?
The triple constraint theory, also called the Iron Triangle in project management, defines the three elements (and their variations) as follows:
Scope, time, budget
.
Scope, schedule, cost
.
What are the 7 stages of procurement?
- Step 0: Needs Recognition.
- Step 1: Purchase Requisition.
- Step 2: Requisition review.
- Step 3: Solicitation process.
- Step 4: Evaluation and contract.
- Step 5: Order management.
- Step 6: Invoice approvals and disputes.
- Step 7: Record Keeping.
How does procurement impact any project?
When carefully planned and executed, procurement management can
help increase certainty and quality, control costs, and reduce project risks overall
. … This increased certainty will help increase stakeholder confidence in the timing and quality of products and services the project aims to deliver.
How is procurement best defined?
Procurement is the act of obtaining goods or services, typically for business purposes. … Procurement generally refers to the
final act of purchasing
but it can also include the procurement process overall which can be critically important for companies leading up to their final purchasing decision.
