Week 6: Project Monitoring and Control

• Risk Management
  • Define: risk, risk management, exposure
  • Risk v. problem
  • Benefits of Risk Management
  • Risk management process (steps)
  • Risk responses (mitigate, transfer, avoid, share, retain)
  • Contingency plan: uses, when appropriate
  • Opportunity management: what is it, categories
• Change Management
  • Define, purpose, sources of change
  • Change control process
  • Benefits of having a change control system
  • Control; project control steps
  • Control mechanisms
• Earned value analysis
  • Motivation for EV
  • EV terminology so you can compute EV information using formulas provided (posted - see above)
  • Be able to interpret earned value results

Week 7: Closure, Audit, and Alternatives to Traditional PM Approaches

• Closure and Audit
  • Project success - triple constraints v stakeholder view (business value)/PM success v. Project deliverable success
  • Signs a project is in trouble, what constitutes trouble? (this was covered in ppt as well as some readings, either source is valid)
  • Project closure tasks
  • Project audits
    • Types
    • Timing
    • Components
    • How to conduct an audit
• Alternatives to Traditional PMLC
• • Criteria for selecting a PMLC
  • Agile project management: define / characteristics / principles
    • Contrast with traditional/linear
    • Sprint, product owner, scrum master, burndown chart
    • Stand up meeting (what it is, what happens)
    • When appropriate
    • Advantages
    • Limitations