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
- What is Project Management? Why is it important?
- What are the benefits of developing Project Management Skills? Why?
- 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
- What phases in a project’s lifecycle are recognized by PMI (Project Management Institute) and what is the PM’s responsibility in each phase?
- What is Stakeholder Management? How can poor stakeholder management impact a project?
- What is Risk? How can risk impact a project? Is risk always negative?
- What is the “3-legged stool” in project management? Explain.
- Why do projects fail? Provide examples of the type of reasons for project failure.
- When a project fails who should take responsibility? What about when a project is a success?
