Questions from

slides
 How are
product &
project lifecycle
related ?

Product life cycle longer than

→
The is the

project life cycle and doesn't have a

definite start ,
end

A life cycle include

→
product can
many
project life cycles and doesn't have a

predictive klearly defined roadmap

product don't
→
Phases of the life cycle
overlap and are
sequential

Even
though they are so different they relate

to each other is most cases .

Project life cycle part of

°
is one or more

phases of product life cycle

°
Projects are carried out to
develop or

enhance the
projects
↳ Product life cycle includes
everything from
first concept to retiring the
product
Does termination of the
product manufacturing
?
mean that the
product dev .
team
failed

Project termination does not mean

project
failure It be due to factors not under
.

might
the control
of the
project team ( e.g. new

trends ) that decides terminate

the
organization to

a
project .

Understanding the
importance of
each

project
'
dimension
triangle
'

of the
Magic

It's continues
the task
of the
protect
to balance the three factors of
manager
desired
triangle to
' '

achieve
the
magic
the

project outcome .

Scope is the
project outcome ,
including what

is
important and excluding what is not ,

Schedule is the amount

of time available to

complete a
project
amount available
Cost is the
of money to

complete the
project .
 What's the difference between quality and

quality management
?
project

Project quality management is all

of processes
the

and activities needed to determine and

achieve project quality .

Quality means meeting the needs

of the

stakeholders .

°
fitness for purpose
°

conformance to
requirements
.

Customer satisfaction

what could be
specific competences required
from the project manager
when leading
a virtual team ?

→ Build team relations

cultural and
work with
timely and differences
→

use that for his advantage

→
know the
methodology differences
 EVU
application

Budget
=
650.000 € AC =
400.000

Schedule - 7500k

Planned schedule4.5004 =

Actual Schedule =
5.100k

Spl= EYPV SV= EV -

PC

Cpl EVAC C V= EV AC
-

rah
.
1000
a
650 °O°
(650.000/7500)
•
pV= 4500=390.000
-

EV=
442
(650.000/7800)-5.100=442.000
-
- .
- -
- .

390 - - - - - -
|
,

1
/

-
1
i
SV 442.000 -

390.000
!
,
=
52.000€
i o

4.500 5. 100 7500

Tzqo
4 "
Spt .
=
1,13

→
Project is ahead schedule

( ✓ =
442.000 -

400.000 =
42.000

( p 1=442.0%400 . ooo
=
1,105

Project is under planned cost

→
 What criteria would
you use when
selecting
team members ?

When thinking about the Roles by Delbin

the team would at Least need :

Coordinator
•

Manager
( Project )
.
[ eamworher avoid conflicts to and
have environment
a
good team
°
Plant for creative solutions
& level
Completer to
get things done
.

out Plant

What would
you
do to
get the
required
team ?
people into a

If they are in the

company
1
could
get
and
them
pre assigned
-

...

don't 'd
f they report to me L have to

negotiate or acquire them as externals .

 What's the
difference between communication
and Communications ?

Communication focuses how

messages
on

are received and perceived wheras communication

technical that act
is a term
defines the
of
mass communication and focuses on
the

distribution of messages .

Why is Communications important in

proj .

ngt .
?

An effective and
efficient communication is needed

for success
of any project To .
be able to
provide
the
right amount
of information at the
right time

the
to the right audience with
right
the impact on

right format we need a

good system for
distributing messages .
Communication isn't possible
without Communications .
 What are risks ? What are
examples of risks
?
in projects

control the
Risks are events not under the
of
project team that
might influence the
project
either positively or
negatively .

include
Examples might
:

fail to
project
→
executives
support
→
Project scope ill
defined
→
Exchange rate
variability
overload
→
Change mgt .

What ?
are
objectives of risk management

°
Increase chance for Opportunities and decrease
chance for threads
°
Balance risk
appetite ,
tolerance ,
and avoidance
°

Identify risks not addressed by other

processes

Name strut for each risk

one .

mgt .

process

Qualitative
→
Propability and Impact Matrix ( )
→
Expected Monetary Value analysis ( Quantitative )