Project
A temporary endeavor that has definite beginning and ending dates, and it results in a unique product, service or result.
What are the 4
... [Show More] criteria that a project must fit?
Unique, Temporary, Reason/purpose, and Stakeholder Sastifisfaction
Program
Group of related projects that are managed together using coordinated processes and techniques.
Portfolio
Collection of programs, sub-portfolios and projects that support strategic business goals or objectives.
Unlike projects, portfolios consist of projects that aren't related.
Operations
Ongoing and repetitive
- they usually don't have a beginning or end date
- typically involve ongoing functions that support the production of goods and services
project management
Brings together a set of tools and techniques -performed by people -to describe, organize and monitor the work of project activities.
Project Manager (PMs)
People responsible for applying these tools to the various project activities
Primary purpose: to integrate all the components of the project and bring it to a successful conculsion.
PMBOK
Stands for Project Management Body of Knowledge
Sets the standard in project management
PMI
Project Management Institute
Manage 2 certification exams: CAPM and PMP
Functional Organization
The staff is organized along departmental lines, such as IT, marketing, sales, HR, etc. Each department is managed independently w/ limited span of control.
This organizational type is hierarchical.
(Google Image "Functional organization Structure" for better visual understanding)
PMs in Functional Organization
Key: Build strong relationships with functional managers and maintain open communications
Pros of Functional Org.
- Growth potential and a career path for employees
- Opportunity for those with unique skills to flourish.
- Clear chain of command
Cons of Functional org.
- PM have limited/no authority
- Multiple projects for limited resources
- Resources are generally committed part-time to projects
- Issue resolution follows the department chain of command
- Project team memebers are loyal to functional manager
3 types of Matrix organizations?
Balanced, Weak and Strong [Show Less]