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BADM 635 Cumberlands What Is Project Management and Why Is It Important Questions

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BADM 635 Cumberlands What Is Project Management and Why Is It Important Questions – Description

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 project’s lifecycle are recognized by PMI (Project  Management Institute) and what is the PM’s responsibility 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 “3-legged stool” in 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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