A is a project selection methodology that converts an organizations value drivers into metrics
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The day-to-day processes the project manager relies upon to ensure that all parts of the project work together. Show Project Integration Management identifying and managing the points of interaction between various elements of a project. it involves determining the strength and weaknesses of an organization, studying the opportunities and threats of the business environment, predicting future trends, and projecting the need for new products and services. - focusing on broad organizational needs: need, funds, will. - categorizing information technology projects: a problem, an opportunity, or a directive. - performing net present value or other financial analyses: NPV, ROI, Payback analysis. - using a weighted scoring model. - implementing a balanced scorecard. Methods for selecting projects a method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time. calculated by subtracting the project costs from the benefits and then dividing by the costs. (total discounted benefits - total discounted costs) / discounted costs ROI (Return on Investment) A technique that provides a systematic process for selecting projects based on numerous criteria A methodology that converts an organization's value drivers such as customer service, innovation, operational efficiency, and financial performance to a series of defined metrics. 1. Developing the project charter. 2. Developing the projectmanagement plan. 3. Directing and managing projectwork. 4. Monitoring and controlling project work. 5. Performing integrated change control. 6. Closing theproject or phase. Project Integration Management Processes a document that formally recognizes the existence of a project and provides direction on the project’s objectives and management. - A project statement of work. - A business case. - Agreements. - Enterprise environmental factors. - Organizational process assets . Inputs for developing project charter Formal and informal plans, policies, procedures, guidelines,information systems, financial systems management systems lessons learned, and historical information that can influence a project's success. Organizational Process Assets a document used to coordinate all projectplanning documents and help guide a project’s execution and control - Introduction or overview of the project. - Description of how the project is organized. - Management and technical processes used on the project. - Work to be done, schedule, and budget information. Common Elements of a Project Management Plan The majority of time and money of the project is usually spent on it. - Expert judgment - Meetings - Project management information systems Project Execution Tools and Techniques the approved project management plan plusapproved changes - Influencing the factors that create changes to ensure that changes are beneficial. - Determining that, a change has occurred. - Managing actual changes as they occur. Integrated Change Control main objectives A formal, documented process thatdescribes when and how official project documents and work may be changed. (Describes who is authorized to make changes and how to make them) A formal group of people responsible for approving or rejecting changes on a project. ensures that the descriptions of the project’s products are correct and complete tools track the execution of business process flows Business Service Management (BSM) Process: Develop Project Charter Output: Project Management Plan Process: Develope Project Management Plan Outputs: deliverables, work performance data, change requests, project management plan updates, project documents updates. Process: Direct and Manage Project Work Outputs: change requests, project management plan updates, project documents updates. Process: Monitor and Control Project Work Outputs: approved change requests, change log, project management plan updates, project documents updates. Process: Perform Integrated Change Control Outputs: final product, service, or result transition; organizational process assets updates. Process: Close Project or Phase Is a methodology that converts an organization’s value drivers,such as customer service, innovation, operational efficiency, andfinancial performance, to a series of defined metrics Software Project Management(CS-652)Instructor: Tayyaba BaseerEmail id:[email protected]Whatsapp#:0342-5286246Organizations record and analyze these metrics to determinehow well projects help them achieve strategic goals(See for more information)Balanced Scorecard Institute:The balanced scorecard is a strategic planning and management system that isused extensively in business and industry, government, and nonprofitorganizations worldwide to align business activities to the vision and strategyof the organization, improve internal and external communications, andmonitor organizational performance against strategic goals.It can help yourorganization by translating high level organizational strategy into somethingthat employees can understand and act upon in their day-to-day operations andinitiatives.An effectively implemented balanced scorecard can help anorganization in many ways:oIncrease focus on strategy and results instead of tasksoBreak down communication silos between departmentsoBetter understand and react to customer needsoImprove organizational performance by measuring what mattersoHelp leaders make better decisions based on leading performanceindicators instead of lagging financial dataoHelp leaders budget time and resources more effectivelyoHelp leaders and employees prioritize the work they do Software Project Management(CS-652)Instructor: Tayyaba BaseerEmail id:[email protected]Whatsapp#:0342-5286246The balanced scorecard suggests that we view the organization from fourperspectives, and to develop metrics, collect data and analyze it relative to eachof these perspectivesProject Charters:After deciding what project to work on, it is important to let the rest of theorganization know.Aproject charteris a document that formally recognizesthe existence of a project and provides direction on the project’s objectives andmanagement.Key project stakeholders should sign a project charter to Software Project Management(CS-652)Instructor: Tayyaba BaseerEmail id:[email protected]Whatsapp#:0342-5286246acknowledge agreement on the need and intent of the project; a signed charteris a key output of project integration management.InputoContractoStatement of workoEnterprise environmental factorsoOrganizational processTools & TechniquesoProject selection methodsoProject management methodologyoProject management information systemoExpert judgmentOutputsoProject charter (sample in Chapter 3)Project Integration Management Overview Software Project Management(CS-652)Instructor: Tayyaba BaseerEmail id:[email protected]Whatsapp#:0342-5286246Preliminary Scope Statements:Once the existence of the project has been formally recognized via the projectcharter, the next step is preparing a preliminary scope statementAscope statementis a document used to develop and confirm a commonunderstanding of the project scope. It’s good practice to develop a preliminaryor initial scope statement during project initiation and a more detailed scopestatement as the project progresses Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document Is a methodology that converts an organization's value drivers?
Which process involves working with stakeholders to create the document that formally authorizes a project group of answer choices?Developing the project charter involves working with stakeholders to create the document that formally authorizes a project —the charter.
What is the result of subtracting the project costs from the benefits and then dividing by the costs?It is one way of considering profits in relation to capital invested. This is calculated by subtracting the project's costs from the benefits and then dividing by the costs. For example, if you invest $100 and your investment is worth $110 next year, the ROI is (110 − 100) ÷ 100 = 0.1 or a 10% return.
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