Individual Submission-1
Description
For Residency Project #1 you will be working to answer the following questions on Project Management. The final deliverable (paper) should include the following:
QUESTIONS
1. What is Project Management? Why is it important?
2. What are the benefits of developing Project Management Skills? Why?
3. Below is a list of project management approaches? Pick 3 to compare and contrast. Make sure to provide an overview of each of the 3 approaches, as well.
Agile Project Management
Waterfall Project Management
Process-Based Management
Benefits Realization Management
- Critical Chain Project Management
- Extreme Project Management
- Lean Project Management
- Earned Value Management
- 4. What phases in a projectàlifecycle are recognized by PMI (Project Management Institute) and what is the PMàresponsibility in each phase?
- 5. What is Stakeholder Management? How can poor stakeholder management impact a project?
- 6. What is Risk? How can risk impact a project? Is risk always negative?
- 7. What is the ílegged stool)n project management? Explain.
8. Why do projects fail? Provide examples of the type of reasons for project failure.
9. When a project fails who should take responsibility? What about when a project is a success?

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