What phases in a project’s lifecycle are recognized by PMI (Project Management Institute) and what is the PM’s responsibility in each phase?

Information Technology Question

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?