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?
Requirements:
There is no minimum or maximum required number of pages. Your analysis will be considered complete, if it addresses each of the 9 components outlined above.
Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited. A minimum of 7 sources (excluding the course textbook) from scholarly articles or business periodicals is required.
Include your best critical thinking and analysis to arrive at your justification.
Approach the assignment from the perspective of the senior executive leadership of the company.
Submission: Upload/attach your completed paper to this assignment by the due date.
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