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Project Management Week 1 Discussion Question: Project Life Cycle. The four main elements of the project life cycle are defining, planning, executing and closing. Give an example of a task you performed on a project, either as a leader or team member, and identify what stage of the life cycle it was in and why. Describe if you felt the task was strategically Important to the project and also the company. Respond to at least two of your classmates’ postings. Discussion Question: The Importance of Project Management. Project management has become an Important aspect of business in many impasses.
Projects are integrated with the strategic views of the corporation to ensure maximum benefits are achieved Describe how project management techniques enable the company to meet their strategic mission. Do you feel that project management is becoming more important In business today, or less important? Respond to at least two of your classmates’ postings Project Charter. Describe the importance off project charter to the project manager. How does a strong project sponsor and clear project scope apply to the overall success of a project? Respond to at least two of your classmates’ postings.
Project Management Plan. List three Important Items that belong within a project management plan, and the importance of breaking the project into phases. Additionally, please comment on the importance of obtaining sponsorship approval when concluding each phase of the project. Respond to at least two of your classmates’ postings. Risk Identification. State the importance of Identifying risks and categorizing them as high, medium or low probability. Explain why risks associated with the critical path of the project need special attention. Respond to at least two of your classmates’ postings. Triple Constraint.
The “triple constraint” in project management is traditionally time, resources and scope. Provide an example of a project you have been involved with that had limited resources. What types of resource constraints affected the project, and how? Please comment f the limited resources also impacted the timeline and scope of the project. Respond to at least two of your classmates’ postings. Stakeholder Communication. Project managers must understand and communicate with all the stakeholders of a project. The project sponsor Is one very Important stakeholder that needs to be satisfied with the outcome of a project.
Describe why the project sponsor Is one of the most important stakeholders, and what a project manager should do to keep them informed of the status of a project. Provide professional examples if possible, Respond to at least two of your classmates’ postings. Team Development Model. Review the five stage model of team development In the required reading of Chapter 1 1 . Describe a project that you are involved with right now, and the stage that the project team is currently in. Comment on what makes this particular stage enjoyable, or difficult.
If you are not involved with project currently, describe your favorite stage of a project you have been Involved with in the past. Respond to at least two of your classmates’ postings Monthly Status your team is in charge of delivering an update to tax preparation software for the next tax season. The project team has ten software developers working together, but located across the country. You have the following information about the project, and need to provide a status to the sponsors. Please write a one page status report to the sponsors in PAP format, providing a clear indication of status of the project.
Suggestion: Red, Yellow, or Green for status). The sponsors also like to only know the two most important risks, and what could be done to mitigate the risk if it happens. The conclusion of the status report must describe any requests for additional resources, if they are necessary. New items you learned this month about the project: There is a three day weekend in the coming month. Nine of the developers are on track to finish their tasks 2 weeks early. One software developer took the recently announced “early retirement” package, and is leaving in one week.
He is confident he will be able to finish his piece of the work before he leaves. It is hurricane season in Florida, where three of the developers are located. The developer who is retiring is the only person who knows how to get approval for the final product from the IRS. The project costs are under budget and there has been no need for overtime. Your status report should be one page in length (not including title and reference pages) and utilize at least one academic source Project Closure. The decision to close a project before actual completion can happen for any different reasons.
Describe a project you have been involved with, or of which you have knowledge, where one of these barriers to project success actually occurred and the project closed before completion. Is there something the project manager could have done to prevent the early termination? Respond to at least two of your classmates’ postings. Globalization and Project Management. The globalization of the workforce is an important trend in many industries and organizations. Not only are some project managers assigned to different countries to complete an assignment, UT many virtual teams also have membership that spans different regions of the globe.
Describe a project that you have been involved with, or are interested in, that may have a project team that is truly global. Determine the cultural aspects and possible conflicts of that project team, and how a successful project manager can overcome the issues. Respond to at least two of your classmates’ postings. Focus of the Final Paper The final six to eight page paper must demonstrate understanding of new learning in the field of project management. It is mandatory to have research from the classroom ext, as well as two sources from the internet or online library to support your views.
It is recommended to use examples from your professional experience where possible, or build from your learning in the discussion boards. (Suggestion: use at least one project of which you have been either a team member or a project manager as an example to describe the topics below): The following topics must be reviewed in order for the paper to be complete: Define project management and explain its importance to the business world. Explain project life-cycle management and the benefits of project management to an organization.