Operations management is the direction and control of the processes that produce a firm's products and deliver its services to customers. B) They repeat project management processes. These two types of work share a number of characteristics as follows: • Performed to achieve an organization's strategic plan. Match the responsibility with the appropriate stakeholder. Workflows are considered tactical in nature, because they illustrate step-by-step which activities need to be performed to complete a specific task. In fact, because of that, organizations and teams create operational procedures to handle similar repetitive work. C) Determine the actions that must be taken to meet project objectives. C) The project charter is a key input to the develop project management plan process. Which statements are true of the relationship between project life cycle stages and the phases in a project. B) Access to project resources will be moderate to high. Examples like these will help convince a leader that operational innovation can work. Create a baseline for you project After you’ve created your initial schedule, create a baseline for it. With more businesses than ever before looking to add project managers to their teams, it is an opportune time to enter the growing field. However, before creating a workflow, it’s helpful to understand the difference between the various types of workflows that exist. In a business, for example, administrative tasks are operations. The coding department refused to estimate a total duration estimation for their portion of the project work of less than 3 weeks. A) It provides project managers with the methods that are recognized good practice. To ensure the best experience, please update your browser. If you have 8 days to complete the task rather than 10, Project recalculates the task's work. Analysis of Successful and Failed Projects. Performance Competency - includes qualifications for the job and relevant experience. Before we get to differences between project management and operations management, it is pertinent to brush up on our knowledge of projects and operations. Whether you’re new to project management or a seasoned expert, you’re likely to go through three steps when you track progress. And when stress can be tolerated, you will live a life full of accomplishments rather than a life filled weave with regretful complaint policy. Planning means looking ahead and chalking out future courses of action to be followed. Major difference is between operational work/day to day work and work with a definitive end. A) It guides project managers by providing them with methods that are considered best practices. Oh no! A) Using problem-solving skills to ensure meetings with experts run smoothly. The scenario suggest that the company is a weak matrix, which is essentially a functional organization. A) Recording improvements you've made to the design process so you'll remember to use them for any similar projects. For example, if a task is taking more time than scheduled, the project manager will investigate options such as adding more materials or developers to the team. Hypothetical Examples to Illustrate the Offset Concept1 Offset Example #1: ... project might also be implemented thru a traditional compliance schedule or TSO. with drawings, pictures, or other artwork intended for explanation, elucidation, or adornment. B) The most resources are needed to help with the construction of the park. Which statement accurately describes how planning is coordinated? What business needs may trigger the start of a new project? Match the following with Performance, Personal, and Knowledge. B. A) Programs coordinate project benefits to generate consolidated benefits. 2. B) You continue repeating Planning and Executing processes until all work in the phase is completed. Since all work and/or efforts performed within an organization are characterized as either operations or projects, all of the costs of an organization must be distributed to either operations or projects. For instance, let us assume that we manufacture the iPhone. The task now has an 8-day duration, with 64 hours of work, and 1 resource unit. 2.1. If you constrain time, you may face risks if the project is rushed. Construction planningis a fundamental and challenging activity in themanagement and execution of construction projects. In many organizations the work performed can be categorized as either project or operations work. 17. A) The executive management offers a high-level view of business strategy. I don't know the book you're referring to, so I'm just going to give you an answer from experience. A project, for example, could take place DURING the course of operational work, as when a Six Sigma Project is carried out which is designed to reduce defects that occur in the course of ongoing operations, so that the old operations work is improved in the process. A) Completing nightly closing procedures at an office B) Designing an improved software application C) Preparing meals at a restaurant D) Designing a new line of clothing E) Constructing a new building Which statement correctly describes how planning fits into the project life cycle? Problems that cause many project failures attribute to institutional rather than technical issues. What are factors that cause dependencies between project management processes? Examples of these types of projects include, but are not limited to: • Installing products or services that require ongoing support, • Internal projects that affect the structure, staffing levels, or culture of an organization, or. The following chapters explain the contents of each of the three literature tracks in more depth. A good construction plan is the basis for developing the budget and the schedulefor work. What are the Project Management Knowledge Areas? A well-thought-out WBS aids in scheduling, estimating costs, and determining risk. Projects are used to implement business strategy and achieve an enterprise's goals or objectives. In a related fashion, projects then never seem to end. Operations constitute an organization's on-going, repetitive activities, such as accounting or production. Each stage of the product life cycle may contain one or more project life cycles. But the routine reports her department generates will still be produced as a maintenance function of her department. Phases typically overlap. A) The project for developing the exercise bike can form part of the product's life cycle. A) Enterprise environmental factors may constrain project processes. Projects and operations differ primarily in that operations are ongoing and repetitive, whiie projects arc temporary and unique. Operations are those activities that don’t aim to produce anything new, but to maintain and sustain a system. The project manager shares responsibility for the project with the operational managers. Planning is a detailed programme regarding future courses of action. What are the main aims of the processes in the Planning Process Group? Discussing these early on can help ensure a project's functionality goals are met as well as its productivity goals. Managing operations is just as critical on the service side as it … What are the key roles of the PMBOK® Guide in the project management profession? How do processes in the monitoring and contolling process group relate to other processes in a project life cycle? Develop project charter and develop project management plan are the first two processes in project integration management. A baseline is a snapshot of your project before it begins. It is always prudent to over prepare when it comes to interviews rather than under prepare. Which statements best describe the activities of the executing process group? A) To update project plans throughout the project. This is a knowledge area that contains umbrella processes that pull together the activities and processes from the other knowledge areas. A) The key output of the planning process group is the project management plan. A) It uses the output of the Develop Project Management plan process as an input. The project manager may work with multiple operational managers to research consumer preferences, draw up technical specifications, build a prototype, test it, and begin manufacturing. A common way to differentiate between business organizational structures is between ongoing operational work versus capital projects. Portfolio Managers, PMOs, Program Managers, Sponsors. By contrast, a process is broader and more all-encompassing than a workflow. D) Project plans are updated as new information becomes available throughout the project. It is a particularly sensitive area of risk because operational disruptions can result in costs, revenue loss and damage to reputation. Each concept may have more than one match. Projects that touch core business processes often perform a detailed analysis of operational risks. What roles does Project Integration Management have in projects? Developing the construction plan is a critical task in the management ofconstruction, … a temporary organization that is created for the purpose of delivering one or more business products according to an agreed Business Case They are initiated, and then they exist for a period of time and then completed, closed and done with. Work goals fortify your credibility as a worker. What are some actions that help to achieve and maintain strategic alignment? Operations work is not unique. If you constrain budget, the project may be low quality. Begin each section with a clear header and use bullet points, rather than long paragraphs. One or more projects can be executed to provide inputs to operations for better… The project will have a unique set of requirements that need to be delivered within the boundaries of this project. Project management tips before you start . You are managing a project to move company offices to another site. Examples of quantity are number, percentage or currency. What factors result in dependencies between project management processes? Where benefits are received over time, work out the time it will take for the benefits to repay the costs. In a project to plan and build a new theme park, what are examples of the characteristics of the project life cycle? Duration. The project management plan, created or updated through the other processes, is an input to the close project or phase process. Network topology diagrams, CISCO diagrams, data center diagrams & more. It does not mean a percentage achievement. The PMBOK® Guide identifies ten knowledge areas. Change the work. Conversely, operations work is ongoing and sustains the organization over time. Rather than just looking at a sequence of tasks, a process actually supports a business goal. What documents are outputs of the initiating process group? Projects, on the contrary, are temporary endeavors that seek a unique result. Example 2: "Carla hasn't been asking me to join her for lunch, like she usually does. Operations work does not terminate when its objectives are met. A) The project manager must conduct a careful analysis of how the change in supplier will impact all the project management process groups. To learn more about the Project Manager role, read our Project Manager job description. The participation of resources from operations will vary from project to project. One example of this interaction is when individuals from operations are assigned as dedicated project resources. • 250 households in the Nminunga region can safely access a health post on foot in less than 40 minutes, thereby improving the health conditions of the region’s inhabitants. It’s a one-time assignment, not one that will recur each month. A) Ensuring expectations are realistic and achievable. What are the Project Management Process Groups? Project work is unique. A) Executing processes peak in the middle of the project life cycle and decline after monitoring and controlling activities peak. . How is the close project or phase process linked to the direct and manage project work, monitor and control project work, perform integrated change control, and manage project knowledge processes. What examples illustrate project, rather than operational work? organizational process assets are assets gained from an organizations processes, procedures, and corporate knowledge base. Match the role to corresponding organizational stakeholder. Projects are also distinguished from routines by the way in which they must operate under the three constraints … From social development to infrastructure, international development (ID) projects face their unique challenges. As a result, there is a significant amount of interaction between the operations departments and the project team as they work together to achieve project goals. While this example is slightly off the business topic, we can all relate to a wedding reception. This project has a clear goal and a deadline. Without a tangible good to ship, handle and produce, operational managers are instead focused on the execution of an activity to fill a consumer need. They often serve as inputs for project processes and may make certain processes unnecessary. Check out network diagram examples to see the power of Creately. Match each description to the stakeholder to which it best applies. Detailed Project Schedule** Detailed schedules are operational schedules intended to help front line managers in directing hourly, daily, or weekly project work. What are the characteristics of project phases? Proper risk management implies control of possible future events and is proactive rather than reactive. What are correct statements about the relationship between the product and project life cycles? assigned. Match each component of project life cycles and project management process groups with the concept it can be defined as. The Y2K design respected national and organizational cultural differences, trusted self-interest to provide motivation, and relied on each group to fix its systems. This management of an instance is rather different than the management of a product. What are examples of organizational process assets? 2. The following are illustrative examples of operations management. In order to transform the challenges to opportunities, international development projects should be managed using proven tools and techniques, similar to standard projects. There are a number of key stakeholders who are involved in the creation of the project charter. Which tools and techniques can you use to develop a project charter? What statements accurately describe the relationship between project life cycle stages and the project phases? Instead it follows new directions to support the organization's strategic plans. What key roles does the PMBOK Guide have in project management profession? Project team or Project Manager. It is a preparatory step. With less than a third of projects being completed within the budget and the timeframe, task management has become seen as a key tool to success. In what ways does the Close Project or Phase process link to other processes in the Project Integration Management Knowledge area? Strategic leadership sets the project direction and creates a plan based on business strategy. But only solid execution keeps you there. A benefit analysis checks projected results, usage, and benefits to see if they have been achieved. Operational works are done to achieve business goals, whereas projects are executed to start new business objectives. It looks like your browser needs an update. As a company grows, there are always operational issues to go along with the progress it has made; many businesses are faced with issues and problems that can feel like they’re difficult to manage.Now that your company has dealt with the problems of getting off the ground, it’s important to have solutions in place so you can overcome growing pains when they arise. What Statements best represent how organizational process assets and enterprise environmental factors impact project tailoring? What statements about the relationship between projects and programs are true? Barclays is listed on the London Stock Exchange and New York Stock Exchange. Success is dependent on the Example 1: "Yesterday, Kristopher promised me he would stop coming over to my house without calling first. The shared responsibilities may include assigning tasks to the team members. What are the project integration management processes? 1. 2. B) Designing an improved software application. It may work best to bring in existing councils rather than create new advisory councils • Be specific about topics that the group needs to give advice on • Groups must have focus an must have the ability to make decisions • Committees and ad hoc groups Subcommittees, liaisons, workgroups • Which statements describe the relationship between the planning process group and other process groups in the project life cycle? A Pharmaceutical company wants to develop a range of omega-3 supplements that are safe for infants. In comparison, her department’s routine goals and … Project Management vs Operation Management. Conceptualization, intermediate phase and closure are the only three phases that are surely performed. The sponsor wants student body representatives to attend feedback meetings. You're managing a project to build a college cafeteria. This, by the way, is a perfect example of why companies document their workflows. Agile methodology, project managers welcome changes that will eventually lead to a product that is closer to what the client wants. These factors often place limitations on a project processes. Work goals can increase your patience when faced with workload-induced stress. Project Team - role is to produce quality work within deadlines. When you can view a workflow in its entirety, it’s easier to pinpoint procedural bottlenecks, improve operational inefficiencies, and ultimately, save money. What statements correctly describe the iterative nature of the Process Groups? Tools and Templates In an individual, eating, sleeping and paying monthly electricity bills are also operations. So For The Question Raised earlier… It Is Support Or Project Work? Initiating, Planning, Executing, Monitoring and Controlling, and Closing. Project phases make up the life cycle, but do not always align with the life cycle stages. An example of this is when a project is created to redesign a product. A tire manufacture is developing a new product. Portfolios are based on strategic goals and ensure all programs and projects are in line with these goals. There are other possible ways for a project and operational work to intersect. Example: For her project, the customer service manager is expected to deliver a conclusive report. These diagrams, such as the project network diagram, show the flow of the project work. In this case, the operations department will integrate the deliverables into future business practices. You are managing a project to implement new accounting software for a chain of supermarkets. Some projects need to develop capabilities to complete a project. The layout should make it easy for a recruiter to navigate your CV. Use our sample project management flow chart as a template to start using flow charts in your own projects. 2. What examples illustrate project, rather than operational work? Projects are one offs – they exist for a temporary duration. A) Processes within the same knowledge area. A) Enterprise environmental factors typically constrain a project's processes. What examples of factors within an enterprise's environment and organizational process assets will influence a project? 1. Operations work supports the business environment in which projects function. The table relates the project management process groups with the project management knowledge areas, and the outputs for each process. Which statements describe PMI® and its role in the project management profession? Which statements accurately describe project planning? The project life cycle consists of four stages: starting the project, organizing and preparing, carrying out work, and closing the project. Learn more. ... rather than … What inputs do you need when you develop a project management plan? General processes that can be applied to any project. A) Effectively managing resource allocation to achieve the desired performance. What statements correctly describe the characteristics of project phases? It is a fact that all activities of an organization can be divided into projects and operations. A) The stage of carrying out project work does not align with a single phase; many phases may occur during this stage, depending on the nature of the project. Organizations perform work to achieve a set of objectives. It is the universal bank which provides services such as investment banking, credit card facility and wealth management etc. They do not tell what the initial objectives were, what real changes were brought about, or the effect they had on people’s lives. What are correct statements about project planning? A cosmetics company wants to develop a new skincare range. Their operational expertise is used to assist in the completion of project deliverables by working with the rest of the project team to complete the project on time and on budget. Operational risk summarizes the chances a company faces in the course of conducting its daily business activities, procedures, and systems. By focusing on deliverables rather than methods — the what, not the how — a work breakdown structure helps eliminate unnecessary work to get the intended result. Projects and programs that don't support the strategic objectives are likely to be avoided or canceled. What are some of the characteristics of the Agile methodology? B) The most staff members are needed once work on building and testing software starts. The above examples illustrate the stages of maturity in managing cultural differences -- recognizing, respecting, reconciling. Example: The customer service manager is told to compare prices and features of the software, make a recommendation, and complete a report within three months. Which Stakeholders are involved in the creation and communication of the project charter? Operational Manager and Functional Manager. Project Manager CV layout and presentation. Depending on the nature of the project, the deliverables may modify or contribute to the existing operations work. These payments made before the end of the project and based on the progress of the work are called progress payments. Vendors, Customers, Operational Stakeholders, Project Sponsor. What you’ll be doing to achieve those goals in the shorter term (typically the next fiscal year) is outlined in your operational plan. Which statements correctly describe how the initiating and closing process groups interact with other processes in a project life cycle? For example, most projects have both sustainability and security goals that must be met. The organization is using decentralize… The Barclays is the financial service company which provides funds to the population of UK. A project is not ‘business as usual’, which is more akin to a process. B) The executing process group overlaps with all the other process groups. What roles does the PMBOK Guide play in the project management profession? The operational managers will still make the overall decisions, however, and have the final say on who will work on the projects as well as be responsible for administration. B) The monitor and control project work process often generates change requests that, if approved, becomes inputs to the direct and manage project work process. If you’re looking for a project management software to help you implement your flow charts and keep projects on track, then look no further than ProjectManager.com. An example of this is when a project is created to redesign a product. One of the most frequent mistakes in setting KPIs is to create a project and assess its success through how much work has been done. Thanks for the A2A. Work completed by an organization could be considered either operations or projects. Provides a method for identifying internal strengths and weaknesses, external factors that pinpoint opportunities, and possible threats, Helps workers and project managers identify changes in external environment, Identifies factors affecting the business within its industry and market. Project Managers need competencies in three main areas. Task management should be used for any project or goal that a business is working on. • Developing, acquiring, or enhancing an operational department's information system. Just because a project has completed does not mean it has been a success. What are some of the inputs for the develop project management plan process? To use the tool, first list all the anticipated costs associated with the project, and then estimate the benefits that you'll receive from it. Today, he stopped by without clearing it with me." What are inputs to the develop project charter process? Project is tracked based on large work items rather than smaller increments; Failure to monitor sub-contractor or vendor performance on a regular basis; Believing that a task reported by a team member as 90% done really is 90% done (note often that last 10% takes as long in calendar time as the first 90%) Which statements best represent the relationship between a project's processes and its organizational process assets and enterprise environmental factors. . The ability to measure the performance of sustainable buildings can also help achieve the functional and productive goals of the project. A) Processing the request to include student body representatives in the feedback meetings. Whatever your requirement may be, from writing business letters to creating the perfect job application or writing essays to creating study reports, browse examples from various categories of business, education and design. Support for many network diagram types including Amazon web service diagrams; Smart objects that reacts to other objects; Real-time collaboration to work with peers A fitness equipment company wants to manufacture a new exercise bike to sell to fitness centers. Not all characteristics will match to a concept. Monitoring and controlling processes are repeated from the start of a project or phase to its end. What are the five discreet types of management activities? This doesn’t necessarily have to be a project that relates directly to the organization’s products or services, but it can. B) Processes that share inputs and outputs. When there's a project, a manager may coordinate duties and be supplied with staff. Although a project may span several years, it has a defined beginning, purpose, and end. A) It provides the most widely recognized certification for project managers. What statements describe the Project Management Institute (PMI) and its role in the project management profession? Rather than wait until the end of the contract, a schedule of payments is typically developed as part of the contract and is connected to the completion of a defined amount of work or project milestones. Which examples are typical elements of a project charter? What statements accurately define the Project Management Institute (PMI) and its role in the project management profession? In fact, PMI projects that more than 2.2 million project management jobs will be added to the workforce annually through 2027. Which statements are true of the relationship between project life cycle stages and the phases in a project? To provide a written guide to project management principles as approved by PMI®. Given that the PMP and CAPM exams are testing your knowledge of project management, the difference between projects and operations should be recognized. A project can typically be more of a once off endeavour, rather than something that’s happening all the time in a repeated fashion. The project life cycle consists of four stages. Operational technology is the use of information technology to control physical processes, devices and infrastructure.The term has industrial roots that extend back to the 1950s and applies to business operations.The following are illustrative examples of operational technology. Which statements best describe how the executing process group interacts with other process groups? It ends with the transfer of a deliverable. You're a project manager at a construction company that's been contracted to build low-cost housing as part of a disaster relief campaign. The detailed schedule is considered the execution playbook for the project. Not closing projects has several consequences, including a) the work to maintain a product gets confused with project work that built it, b) missing capturing important lessons learned, and c) lack of team-building opportunities. You've been working on an advertising project to re brand a popular airline as an industry leader in terms of environmental and social responsibility. How to Describe Projects in a Resume. A) Assigned project manager, responsibility, and authority level. : 2. to show the meaning or truth of something more…. B) Monitoring and controlling processes peak when, or just before, there's maximum activity in the executing process. • Make use of different personalities within the project … If the task will take 20 hours of additional work, Project recalculates the task's duration. A brilliant strategy may put you on the competitive map. Project management is evolving to strategizing rather than straight-forward execution. Illustrate definition, to furnish (a book, magazine, etc.) May also liaise with other experts. These capabilities are also called deliverables. 2. A) Planning peaks once activity in the initiating process group ends. What tools and techniques are appropriate when developing a project charter? Which types of information should you include in a project management plan? For example, the Project Management Institute's ... Much of what companies call portfolio management is merely prioritizing and choosing a selection from a pool of desired projects, rather than evaluating which projects, perhaps not yet defined, will help achieve strategic objectives (Alleman, 2003). What are the remaining five knowledge areas? projects that rather discuss strategic project management related to success and failure issues, rather than project strategies. Check My Work Both examples below illustrate which element of the assertive message format? What elements are typically included in a project charter? See more. Vendors - carry out contractual requirements, such as supplying goods or services. Project managers are also invovled in the creation and communication of the project charter. The managers and the leaders are the greatest assets of the organization Barclays. Unfortunately, most companies struggle with implementation. What are aspects of organizational culture that will influence a project? A project constraint is a definite and inflexible limitation or restriction on a project. Cost-benefit analysis is a relatively straightforward tool for deciding whether to pursue a project. Project managers have a variety of tools to develop a project schedule – from the relatively simple process of action planning for small projects , to use of Gantt Charts and Network Analysis for large projects .Here, we outline the key tools you will need for schedule development. Formed for the purpose of serving a public or mutual benefit rather than the pursuit or accumulation of owner or investor profit, over 1.4 million nonprofit organizations are registered with the IRS with combined contribution the U.S. economy of $887.3 billion. However, as its main supplier is closing down, a new supplier has to be identified. The following are the importances of project plans; • Use project plans to coordinate rather than to control. C) Planning happens simultaneously and in an integrated manner across the knowledge areas. We generally categorize work performed in our organization as either Project or Operational work. If your resume is just a list of jobs, it likely won't get a second glance from a prospective employer, even if you have advanced degrees and all the right skills. There are no full-time project managers, and functional managers would have authority over most items. 39 Examples of Project Risk posted by John Spacey, November 29, 2015 updated on February 26, 2017. In our project, we might need to develop a new manufacturing technique before we can manufacture the product, i.e., iPhone. processes that relate specifically to the end result, the product. Draw Table 1-4 of PMBOK Guide. Programs and projects are different in nature and can have profound effects on one another. A company's CEO has five direct reports: the IT manager, the marketing and sales manager, and three project managers. illustrate definition: 1. to draw pictures for a book, magazine, etc. In this case, the capability that the team develops can also be considered as a deliverable. It involves the choice of technology,the definition of work tasks, the estimation of the required resources and durations forindividual tasks, and the identification of any interactions among the different worktasks. The Idea in Brief . PM Milestone 7000 Project Management Templates, Monitor and Control Risk - Project Management Guide, Recognition and Rewards - Project Management Guide. Your strategic plan outlines long-term goals for the next three to five years. Table 1 summarizes central literature on each of the three literature tracks and their main contributions. The life cycle encompasses the entire project. Although it requires a shift in thinking, a process approach to hardware replacement can benefit your organization. Match each characteristic of project life cycles, product life cycles, and project phases to the corresponding project concept. Best common practices can be used by them and new ways can be learned for dealing projects with their experiences in general or in detail. It is a systematic activity which determines when, how and who is going to perform a specific job. Project work usually suffers because it is less urgent than operational work. rather than providing examples that illustrate you are a hard worker Do not use from HONORS 313 at San Diego State University B) You implement the Initiating and Closing processes only once for the phase. All the phases make up the entire project life cycle. Examples of Operational Risk . - facilitates a system for monitoring project progress - it is a hierarchical outline that identifies products & work elements involved in a project - best suited for design and build projects that have tangible outcomes rather than process-oriented projects B) It is the leading association for the project management profession. Main difference is looking at enterprise factors EEFs or OPAs, not organizational culture. What statements correctly describe the iterative nature of the process groups? Which types of information should be included in a project management plan? As a result, there is a significant amount of interaction between the operations departments and the project team as they work together to achieve project goals. According to the PMBOK Guide, “A project is a temporary endeavor undertaken to create a unique product, service or result.”So, we can say that the nature of a project is temporary, i.e., once the project achieves its objective it exists no more, and the objective of a project is to create a unique product, or develop a system to provide you any service or is the result of any task.For instance, assuming, you have been given a project to se… The function of a project is to attain its objective and terminate. What are the fundamental responsibilities of a project manager? A) The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases. All constraints are tradeoffs. Rather than positing an idealised version of user involvement, we use examples from our practitioner research projects (PRPs) to illustrate what participative practice might look like within the constraints of local authority social work with involuntary service users. The organization is expanded in the market with the help of leadership and managers strategies. I mentioned about operational work in one of earlier post. Project planning It is an act of formulating a program for a definite course of action; also a process of drawing layouts for some project or enterprise. C) Participating in the creation of the project charter. Making changes to the layout of the new office will be easy early on but increasingly expensive once work has started. Managing stakeholder expectations will ensure that stakeholders are satisfied by project results. How can you identify a phase in a project? There are four types of organizational structures, each of … So they flow through a project's life cycle in an organized way. PMI® sets standards and provides information for project managers. These are typically viewed as the core processes of an organization that are carefully measured, optimized and improved.The nature of operations differs greatly from one industry to the next. B) Throughout the project life cycle, the planning processes are implemented and planning documents are updated. Due to this fact each project management team can specify its own method to work on the project. Operational work maintains an existing sales channel, whereas projects are one-time, unique expenditures with a defined budget, beginning and end dates, and they accomplish a specific goal.. Know your client and their needs before settling on one method for your project. Which statements correctly describe the relationships between the product life cycle, the project life cycle, process groups, and project phases? Don’t cram your CV with as much information as possible. ... A definition of knowledge work with examples. By using projects we can plan and do our activities, for example: build a garage, run a marketing campaign, develop a website, organize a party, go on vacation, graduate a university with honors, or whatever else we may wish to do. What statements about the relationship between projects, programs, and portfolios are true? rather than on what was achieved. What are necessary inputs when developing a project charter? A) They end at points where it's logical to assess a project before continuing with it. Match each role in a project to the organizational stakeholder to which it best applies. What organizational culture aspects will influence a project? Portfolios are based on an organization's strategic plans. Enterprise environmental factors are internal and external factors - such as organizational and marketplace conditions- that contribute to the circumstances in which a project runs. A company is structured so that divisional heads report to the CEO. Operations work supports the business environment in which projects function. What are some of the Knowledge Areas involved in project management? A) Documenting resource requirements information as work continues, which will be used to update the plan for managing human resources. B) The life cycles of the projects for supplying the samples to major cosmetics retailers and promoting the range may complete during one stage of the product life cycle. How do the direct and manage project work process and the monitor and control project work process interact with each other? They are starting the project, organizing and preparing, carrying out project work, and closing the project. Programs don't generally manage all projects, and the main aim is to coordinate control and create consolidated benefits. A) Closing processes begin soon after initiation.