Individual Submission-1

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

1. Critical Chain Project Management
2. Extreme Project Management
3. Lean Project Management
4. Earned Value Management
5. 4. What phases in a projectàlifecycle are recognized by PMI (Project Management Institute) and what is the PMàresponsibility in each phase?
6. 5. What is Stakeholder Management?  How can poor stakeholder management impact a project?
7. 6. What is Risk?  How can risk impact a project? Is risk always negative?
8. 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?