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Friday, December 9, 2011

Project Framework

The Following are the important themes you must remember about the Project & Organizational frameworks

1. A project is a temporary endeavor undertaken to create a unique product or service. (Any activity that does not have an end date cannot be a project, no matter how unique it could be)
2. A program is a group of related projects managed in a coordinated way. This coordination cannot be obtained if they are managed individually.
3. A Project may or may not be a part of a Program but a Program will always have projects.
4. A Portfolio is a collection of Projects and Programs that help an organization achieve its strategic business objectives
5. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
6. A deliverable is a tangible, verifiable work product. Even the Project Management Plan and other documents created during the life of a project are considered deliverables.
7. The PMBOK project management process groups are Initiating, Planning, Executing, Controlling, and Closing.
8. Project management processes can repeat within the project lifecycle, and they generally repeat with each project phase.
9. The three organization types are functional, matrix (weak, balanced, or strong), and projectized. (Projectized is the best form of organization for a PM and Functional the worst)
10. As an effective project manager, you are expected to be a good manager and a good leader. (Leading by example is the best way to motivate and manage your team)
11. The “triple constraint” paradigm is used to show the effects that competing demands can have on a project. Any change to the Scope or Time or Cost of a project will invariably affect the other two and also the overall project quality.

Other PMI Themes:

General PMI Themes
Project Initiation
Project Planning
Project Execution
Project Monitoring & Controlling
Project Closure
Ethics & Professional Responsibility

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