Analyze a project you worked on. The project may have been at home, at work, or

Question

Analyze a project you worked on. The project may have been at home, at work, or in other settings (for example, church or school). Answer the following questions when you describe the project:

Explain how the project originated.

Was the process used to initiate and manage the project formal or informal? Analyze how this effected the outcome.

Describe the difficulties you encountered while completing your project. How did you overcome that?

Evaluate the final outcome of the project.

Evaluate how the project was managed. Provide recommendations on improving the system.

Describe the roles of the following project stakeholders: Project manager, Project sponsor, Team members.

Describe the relationship between a project manager and a project sponsor. Who is ultimately responsible for the success of a project, the project manager or the project sponsor? Explain.

Define the following terms and explain how these terms are specific and unique to the practice of project management: Project, Program, Project management

Explanation / Answer

Any individual, group or organization who gets affected by the outcome or any activity of the project is reffered as a project stakeholder. Examples of stakeholders are creditors, government, employees etc.

people belonging to any specific group which is involved in any project to achieve some goal, are called team members.

A project sponser is the person who takes responsibility of financial securities and overall resource budget approval.He is the one who owns the opportunities and risks related to the financial outcomes of the project. Project sponser approves and funds the project but he is not responsible of takin g care to the day-to-day management.

A project manager's role is to deliver the project that is already defined.

The project sponser works for the organization and project manager works for the project sponser. Therefore the one who is ultimately responsible for the success of a project is the project sponser.

A project has signific objective to fulfill. It has a defined start and end date. But a program is series of related projects managed in a coordinated way to gain benefits.

An act of initiating, planning, executing and closing the work of a team to achieve some goal is called project management.

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