Individual Submission-1
For Residency Project #1 you will be working to answer the following questions on Project Management. The final deliverable (paper) should include the following:
QUESTIONS
1. What is Project Management? Why is it important?
2. What are the benefits of developing Project Management Skills? Why?
3. Below is a list of project management approaches? Pick 3 to compare and contrast. Make sure to provide an overview of each of the 3 approaches, as well.
Agile Project Management
Waterfall Project Management
Process-Based Management
Benefits Realization Management
Critical Chain Project Management
Extreme Project Management
Lean Project Management
Earned Value Management
4. What phases in a project’s lifecycle are recognized by PMI (Project Management Institute) and what is the PM’s responsibility in each phase?
5. What is Stakeholder Management? How can poor stakeholder management impact a project?
6. What is Risk? How can risk impact a project? Is risk always negative?
7. What is the “3-legged stool” in project management? Explain.
8. Why do projects fail? Provide examples of the type of reasons for project failure.
9. When a project fails who should take responsibility? What about when a project is a success?
