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How many projects can a project manager handle effectively at one time?
A project manager can effectively handle around 3-5 projects at a time, depending on the complexity and size of each project. It is important for the project manager to prioritize tasks and manage their time efficiently to ensure successful completion of each project.
What is the Relationship between Project Program and Portfolio?
As a project manager, you should know the basic concepts of program and portfolio and how they are related to each other and to projects. A program may be a part of a higher-level program; it certainly contains some interrelated projects, and it may contain some non-project work as well. Program management focuses on optimally managing the interdependencies among the various projects in the program. The person who manages a program is called the Program Manager.The program manager's responsibilities are:• Prioritize to resolve resource conflict and constraints that affect multiple projects within his program.• Keep your priorities aligned with the strategic goals and objectives of the organization.• Resolve issues and manage change within the governance structure of the organization.Just like a project is managed by a project manager, a program is managed by a program manager, who oversees the projects and provides high-level guidance to the project managers. In other words, a program manager oversees projects and coordinates efforts between projects but does not manage the projectsWhy is that?That is because; we the project managers are managing our projects!!!A portfolio contains both programs and projects and is managed by a portfolio manager. The portfolio is drawn directly from the strategic business plan of the organization.The strategy of an organization is an action plan to achieve its business goals and objectives. It's also called a strategic plan or a strategic business plan. The strategy determines the portfolio of projects and programs that the organization will execute. A portfolio is a set of projects, programs, or both that is managed in a coordinated fashion to obtain control and benefits not available from managing them individually.
Difference Between a Project Manager and Project Leader?
Each project manager may have one or more project leaders reporting to him. A project leader is someone who leads and manages a small team and ensures that all pieces of work assigned to his team is delivered on time and in quality. He may provide suggestions on the overall project goals but his role or authority is restricted to the chunks of work he is assigned by the project manager. The project manager in turn has multiple leads reporting to him and has to ensure that the work packets delivered by the individual teams are integrated and delivered as one project to the customers.
What is a project list?
A project list identifies potential projects that may interest an organization. Managers analyze each project to determine which project complements the organization's strategy.
What are the procedure for planning a project of project manager?
Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success. After all, which project manager wants to spend months of his time on a failing cause? Atleast, I don't … What are the Phases Involved in Project Planning? Project Planning involves 4 important phases. They are: 1. Planning the Project Scope 2. Planning the Project Resources 3. Planning the Project Schedule 4. Planning Quality & Risk Management Each of these 4 phases is equally important and have a significant impact on the success of the project. As Project Managers we need to put in dedicated effort to plan for each of these phases
How many projects can a project manager handle effectively at one time?
A project manager can effectively handle around 3-5 projects at a time, depending on the complexity and size of each project. It is important for the project manager to prioritize tasks and manage their time efficiently to ensure successful completion of each project.
What are the gaols of Project Manager?
If you meant goals, the project manager should aim to get each of his team achieving correctly and get past each milestone without issue.
What are the attributes of payroll management system?
Employee NumberEmployee NameSalaryTax percent withheldMedical withheldOther deductions withheldDepartment NumberDepartment NameProjects the person is worked on (note there can be more than one project)Project Number (each project should have a number)Name of the project (each project should have a name)Manager of the project (each project is assigned a manager)Hours the employee worked on the project
What are the attributes of payroll database management system?
Employee NumberEmployee NameSalaryTax percent withheldMedical withheldOther deductions withheldDepartment NumberDepartment NameProjects the person is worked on (note there can be more than one project)Project Number (each project should have a number)Name of the project (each project should have a name)Manager of the project (each project is assigned a manager)Hours the employee worked on the project
What gives the major project functions along with the name of the specific individual who will be assigned responsibility for each function?
In project management, major project functions are typically assigned to a project manager who is responsible for overall project coordination and management, a technical lead who oversees the technical aspects of the project, a financial manager who handles budgeting and resource allocation, and a quality assurance manager who ensures project deliverables meet quality standards. Each individual is accountable for their specific function within the project.
What is the Relationship between Project Program and Portfolio?
As a project manager, you should know the basic concepts of program and portfolio and how they are related to each other and to projects. A program may be a part of a higher-level program; it certainly contains some interrelated projects, and it may contain some non-project work as well. Program management focuses on optimally managing the interdependencies among the various projects in the program. The person who manages a program is called the Program Manager.The program manager's responsibilities are:• Prioritize to resolve resource conflict and constraints that affect multiple projects within his program.• Keep your priorities aligned with the strategic goals and objectives of the organization.• Resolve issues and manage change within the governance structure of the organization.Just like a project is managed by a project manager, a program is managed by a program manager, who oversees the projects and provides high-level guidance to the project managers. In other words, a program manager oversees projects and coordinates efforts between projects but does not manage the projectsWhy is that?That is because; we the project managers are managing our projects!!!A portfolio contains both programs and projects and is managed by a portfolio manager. The portfolio is drawn directly from the strategic business plan of the organization.The strategy of an organization is an action plan to achieve its business goals and objectives. It's also called a strategic plan or a strategic business plan. The strategy determines the portfolio of projects and programs that the organization will execute. A portfolio is a set of projects, programs, or both that is managed in a coordinated fashion to obtain control and benefits not available from managing them individually.
What is the relationship between portfolios and projects?
As a project manager, you should know the basic concepts of program and portfolio and how they are related to each other and to projects. A program may be a part of a higher-level program; it certainly contains some interrelated projects, and it may contain some non-project work as well. Program management focuses on optimally managing the interdependencies among the various projects in the program. The person who manages a program is called the Program Manager.The program manager's responsibilities are:• Prioritize to resolve resource conflict and constraints that affect multiple projects within his program.• Keep your priorities aligned with the strategic goals and objectives of the organization.• Resolve issues and manage change within the governance structure of the organization.Just like a project is managed by a project manager, a program is managed by a program manager, who oversees the projects and provides high-level guidance to the project managers. In other words, a program manager oversees projects and coordinates efforts between projects but does not manage the projectsWhy is that?That is because; we the project managers are managing our projects!!!A portfolio contains both programs and projects and is managed by a portfolio manager. The portfolio is drawn directly from the strategic business plan of the organization.The strategy of an organization is an action plan to achieve its business goals and objectives. It's also called a strategic plan or a strategic business plan. The strategy determines the portfolio of projects and programs that the organization will execute. A portfolio is a set of projects, programs, or both that is managed in a coordinated fashion to obtain control and benefits not available from managing them individually.
Difference Between a Project Manager and Project Leader?
Each project manager may have one or more project leaders reporting to him. A project leader is someone who leads and manages a small team and ensures that all pieces of work assigned to his team is delivered on time and in quality. He may provide suggestions on the overall project goals but his role or authority is restricted to the chunks of work he is assigned by the project manager. The project manager in turn has multiple leads reporting to him and has to ensure that the work packets delivered by the individual teams are integrated and delivered as one project to the customers.
How you can handle a project using ms project?
Some of the things you can do with MS Project to manage a project are:List all tasks.Organize tasks in groups.Identify what tasks need to preceed other tasks.Identify the duration of each task.Identify who is responsible to accomplish the task.List milestones, and show how each task needs to be accomplished to meet the milestone.Show the critical path through the project (each individual task that will affect the completion of a project or meeting specific milestones). If you delay a task on the critical path by two days, your entire project will be two days late if you do not manage the project and do something to bring it back into line.Print charts and graphs, showing a multitude of metrics related to the project.Show how your resources are being used.Evaluate project costs at any point along the project compared to your anticipated budget. If you are 50% through your project tasks and have already spent 85% of your anticipated project budget, you may have serious issues completing the project within the budget.And...many thousands of other things. MS Project can handle most projects, especially if you link various projects into a master control project.
What is a project list?
A project list identifies potential projects that may interest an organization. Managers analyze each project to determine which project complements the organization's strategy.
What the project manager should do to perform the planning function?
Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success. After all, which project manager wants to spend months of his time on a failing cause? Atleast, I don't … What are the Phases Involved in Project Planning? Project Planning involves 4 important phases. They are: 1. Planning the Project Scope 2. Planning the Project Resources 3. Planning the Project Schedule 4. Planning Quality & Risk Management Each of these 4 phases is equally important and have a significant impact on the success of the project. As Project Managers we need to put in dedicated effort to plan for each of these phases and as expected. Numerous activities need to be taken up by the Project Manager during planning to ensure that the Project is a Success
When comparing projects with different lives can the net present value of each unadjusted project be used to determine which project is superior?
True
