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General Project Management Questions

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1) How Project Portfolio Management process could provide business advantage to the company? As a project manager develop a strong statement supporting implementation of PPM in an organization.

2) As a project manager how do you see the role and the functions of a Project Office in a company?

3) As a project manager, how should one prepare themselves for managing an international project? What are the most important considerations needed to manage an international project.

4) Analyze the advantages and disadvantages of Agile project management approach. When and why we should apply Agile PM as opposed to traditional PM approach?

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1) How Project Portfolio Management process could provide business advantage to the company? As a project manager develop a strong statement supporting implementation of PPM in an organization.

Project Portfolio Management provides a competitive advantage for a company by "optimizing project results by selecting and allocating resources to the right projects" (Wisconsin School of Business, 2013, para 1). By ensuring that the organization is doing the right projects at the right time with the proper resources, the company is able to align their projects with their strategy, vision and objectives.

The supporting statement for the implementation of PPM in an organization might be:

- If our organization aligns our projects with our vision, strategy and objectives, it will provide a competitive advantage as well as ensures that leadership is aware of project costs and where the money is being spent. This process will also ensure that leadership receives regular status updates regarding all projects within the organization at any given time and allows for the project resources to be consistently monitored.

2) As a project manager how do you see the role and the functions of a Project Office in a company?

The Project Office, often called the PMO (Project Management Office), essentially has three roles.

- Strategic - "The PMO works with senior leadership to select the candidate projects that best align with the strategic goals of the company, have a sound business case, and provides the benefit to cost ratio" (Project Management Files, 2011, para 3). ...

Solution Summary

A discussion regarding how a Project Portfolio Management process is an advantage to an organization, the roles and functions of a Project Office and Project Management Office, managing international projects and important considerations for those projects, and the advantages and disadvantages of Agile project management. 890 words, 3 reference.

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Project Management: evaluate the project of a new 'fun' model stereo for teenagers

PM best solutions needed as comprehensive and insightful as possible. Please do not only give me cut-n-paste content from the web or just definitions. You may want to include it if you like, but I am looking for your special insights.

Scenario 1
A company producing electronic and audio equipment has carried out a market survey. From the results of this survey, the company plans to introduce a new "fun" model stereo tape cassette player. The devise is to have attractive styling, low price and calculated to appeal to the tastes of teenage customers. By most standards, this could be regarded as a small project, requiring simple budgeting and some program control. Everything should be straightforward.

To launch the new product design, a meeting in the chief engineer's office took place with representatives form other interested departments, such as sales and production. Harold, a design engineer, was assigned to carry out the actual development work. The purpose of this meeting was aimed at setting Harold off on the right track to create the cassette player envisaged by the company's directors on the basis of the market survey.

Harold was given a set of broad objectives. He emerged from the meeting with mental notes, rough written notes and sketches. He was given an idea of production costs, styling, performance, preferred selling price, and an approximate date for distribution and release of the unit to the market.

Harold was very enthusiastic about the project and since he is responsible to develop the first experimental model of the player, retreats into his laboratory with a few interested and devoted assistants to develop the model. This working model will be subjected to the critical attention of various experts, among whom include marketing staff, industrial designer, production engineers, and representatives from the manufacturing department.

Following successful evaluation of the prototype and incorporation of recommendations from the experts, the next stage is preparation of drawings, specifications, and a small pilot production batch of units. This stage will take longer than the development of the model. The production department decides to go ahead with some limited tooling. Production engineers set up some trial manufacturing procedures, check on tolerances and test any automatic operations.

While reflecting on the project at this point, Harold discovers that he could have specified a different amplifier, which gives higher performance at a slightly reduced price. He decides to implement the change, although, it will require a redesign of the printed circuit boards even though they have been designed and ordered in prototype quantities.

In the meantime, Harold discovers that there are new loudspeakers available, which would better fit the increased power of the new amplifier and would also perfectly fit the size and shape of the cabinet. These speakers are available at only a slightly increased price and will result in a significant increase in performance. Harold decides to go ahead with the new speakers, although, this will result in further modifications and scrapping of some work.

When the prototype batch is completed, Harold discovers that the batch has a fault, which was not detected in the laboratory model. There is a significant amount of rumble from the tape cassette drive motor. Harold has several options. He could revert to the original design, using the original amplifier and speakers or introduce a simple filter circuit to reduce the rumble. Both of these options would in Harold's opinion degrade the performance of the unit. Harold decides to modify the main power unit and specify a higher quality tape drive motor. This change will cause some additional delay and cost. The unit is completed and passes all tests and Harold is satisfied.

Question: In a 1-page response, evaluate this project in terms of its outcome and offer recommendations, if any, for improving the project.

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