Question

Fundamentals of Project Management

Research a real world example of a project. Based on your research and the identified project, answer the following questions:

What project have you selected? Explain. Provide reasons for selecting the project.

What kind of organization or industry does your selected project belongs to?

How does the project you selected fit the definition of a project?

Is your selected project constrained by performance, cost, or schedule? Why or why not?

To what extent, does the project portfolio process guide the strategy process in your selected project?

In your selected project, is project management different from functional management? Why or why not? Is the role of a project manager different from that of a functional manager? Why or why not?

Is your project independent of program management? Why or why not?

Answer 1

Q!) The project that I selected is an implementation of Enterprise Resource Planning(ERP) system for a pharmaceutical company. The reasons for selecting the project is due to the might of the project, the complexity involved, the huge budget and the phase wise structured implemention using project management tools, techniques and accelerators.

Q2) The project belongs to implementation of IT systems to a Pharmaceutical client by understanding their supply chain and financial business requirements.

Q3) The project involves multiple phases, activities, resources to be staffed and huge budget. It involves planninga nd scheduling of resources, setting the deliverables, implementation of the capabilities and extended suppoort post implementation.

Q4) Yes, the project is constrained by performance, cost and schedule as business looks for a better performance at relatively lower costs and faster implementations.

Q5) The project portfolio which consists of multiple, tools, methods and accelrators, is critical to the project implementation strategy as these are used at various stages of the project to ensure it is completed in time with quality.

Q6) Yes, project management is different from functional management as the implementation involves multiple modules to be implented with each of the functions or modules being led by the respective functional managers while the overall project manager manages the resources, schedule of deliverables any issues in the project overall etc.

Q7) Yes, the project is independent of program management as it involves a client from a specific industry who has business driven requirements and requires the fitting capabilities that need to be implemented.