What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?

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  1. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?
  2. What is meant by an integrative approach to project management? Why is this approach important in today’s environment?
  3. How are projects linked to the strategic plan?
  4. Why does the priority system described in this chapter require that it be open and published?
  5. What are the relative advantages and disadvantages of the functional, matrix, and dedicated team approaches to managing projects?
  6. What do you believe is more important for successfully completing a project- the formal project management structure or the culture of the parent organization?
  7. What are the six elements of a typical scope statement?
  8. What does it mean if the priorities of a project include: Time-constrain, Scope accept, and Cost-enhance?
  9. What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other?
  10. What are the major types of costs? Which costs are controllable by the project manager?
  11. How does the WBS differ from the Project Network?
  12. Why is slack important to the project manager?
  13. Project risks can/cannot be eliminated if the project is carefully planned.
  14. What are the likely outcomes if a change control process is not used? Why?
  15. How does resource scheduling reduce flexibility in managing projects?
  16. Explain the risks associated with leveling resources, compressing or crashing projects and imposed durations or “catch-up” as the project is being implemented.
  17. What are the advantages and disadvantages of reducing project scope to accelerate a project?
  18. Why is scheduling overtime a popular choice for getting projects back on schedule?
  19. What is the difference between leading and managing a project?
  20. Why is it critical to keep the project sponsor informed?
  21. Why should a project manager emphasize group rewards over individual rewards?
  22. When should it be appropriate to hold a formal team-building session on a project?
  23. What are the best practices used by forms to outsource project work?
  24. How can a project manager influence customer expectations and perceptions?
  25. How does a Tracking Gantt chart help communicate3 project progress?
  26. Why is it important for project managers to resist changes to the project baseline?
  27. How does the project closure review differ from the performance measurement control system?
  28. Why is it difficult to perform a truly independent, objective review?
  29. How do environmental factors affect project implementation?
  30. How should you go about preparing yourself for an international project?
  31. What are the major economic forces that serve as an impetus for using oversight/governance tools and processes?
  32. What are the advantages and disadvantages of Agile Project Management?
  33. Why are project management knowledge and skills transferable across industries? And Professionals?

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Explanation & Answer

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Running head: MARKETING QUESTIONS

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Marketing Questions
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MARKETING QUESTIONS

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Marketing Questions
1. What are five characteristics that help differentiate projects from other functions
carried out in the daily operations of the organization?
A project is simply a private endeavor that is undertaken to come up with a unique product,
result or service (Bateman & Snell, 2012). Below are the five major features that make a project
look completely different in comparison to other functions that are done on daily basis in a
particular organization.
➢ An object of establishment of a project.
➢ The lifespan of a project is defined probably with a specific beginning as well as an end.
➢ There is participation of so many professionals and departments.
➢ Typically a project involves doing something which has never been done previously.
➢ A project entails use of a specific period of time, a certain cost and requirements of
performance that will be put in place.
2. What is meant by an integrative approach to project management? Why is this
approach important in today’s environment?
An interactive approach is a tactic in which all of its parts are mutually interrelated. This
approach is very important since gives an organization a competitive superiority in the current
environment (Gellman & Turner, 2013). An interactive approach is composed of two sections.
➢ All projects must just have a strong connection to the strategic plan of the organization
which is aimed at meeting the needs of a customer.

MARKETING QUESTIONS

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The priority system of a project strengthens this connection through prioritizing the project as per
their contribution towards the strategic plan and therefore allocating the resources according to
the set priorities.
➢ An interactive approach offers a system that is integrated for the real implementation of
that particular project.
This entails a system of information that backs up making of decisions as well as a sociocultural
atmosphere which brings about a positive, active involvement from team members who are
responsible for effecting the project.
3. How are projects linked to the strategic plan?
Strategies are implemented with the aid of projects. All projects must have a clear and
transparent connection to the strategy of that organization. Basically, a strategy decides how a
given organization will compete fairly (Dinsmore & Rocha, L, 2012). Projects are directly linked
to the strategic plan mainly because all projects typically represent how a particular strategy is to
be put in place. Now that some projects are valued than others the very best way to make good
use that of scarce resources that an organization may have, is by priority scheme that allocate
those resources to a selection of projects that balance risks as well as contributing positively to
the strategic plan.
4. Why does the priority system described in this chapter require that it be open and
published?
The system of priority should be very open and then published so as to evade power plays that
take place within the organization and to ensure that the whole process is totally free from power

MARKETING QUESTIONS

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politics that are not of any importance in this case. Every project in this priority system is
assessed under the same criteria. By use of a given gauges within the caliber in which the project
has been placed (Madsen, 2012). The major task of the priority team is to ensure that the project
is balanced by risk, type and demanded resources. By so doing, most projects may be lowly
ranked basing on most criteria can easily be selected since the portfolio of the organization fails
to include most of these types of projects. By doing this act of balancing, the priority team
inspires the bottom-up starting of some project and then depresses acceptance of others.
5. What are the relative advantages and disadvantages of the functional, matrix, and
dedicated team approaches to managing projects?
The Functional Approach
Its advantages include;
➢ There is necessarily no racial modification in the elementary organization of its parent
organization (Ingaramo & Voghera, 2016).
➢ There is maximum tractability in staff use within its functional units.
➢ Usual career paths can be sustained
➢ In-depth know-how can be imported dwelling on certain components of that project.
Its disadvantages are;
➢ Absence of project concentration
➢ It is slow
➢ Deficiency in project ownership
➢ Bad cross-function incorporation

MARKETING QUESTIONS

The Matrix Approach
Its advantages include the following;
Flexibility in utilizing resources across projects as well as functional duties
The focus of the project is offered through having a selected manager of that project.
Experts maintain ties with their well-designed group.
➢ It balances prerogatives of the project with practical requirements.
➢ Disadvantages of the matrix approach are;
➢ Slow
➢ Stress that is brought by several superiors
➢ Dysfunctional fight
➢ The process of making decisions can easily be bogged down since agreements must be
discussed functional managers and project managers.
The Dedicated Team Approach
Its merits entail;
➢ It cannot disrupt the plain structure of the mother organization.
➢ It is a tough cross-functional incorporation
➢ The project gets done quickly
➢ Determined project focus

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MARKETING QUESTIONS

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Demerits of The Dedicated Team Approach are;
➢ There is predicament of what to do with the public once the project is complete
➢ It is expensive in terms of creating the roles of project management as well as services of
duplication across the project.
➢ Technical expertise is limited to the persons in the team
➢ The attitudes of ‘we’ or ‘they’ arises between the project team and the other members of
the organization. This hinders assimilation of the project with its mainstream operations.
6. What do you believe is more important for successfully completing a project- the
formal project management structure or the culture of the parent organization?
All of them are important since an argument can be established for either of the culture. Author’s
bias is that the customs are more important as compared to the company structure because it
directly affects the behavior. An organizational culture that is positive can easily reimburse for
the intrinsic weaknesses of the official structure. A typical example is one of functional matrix
can be very ef...


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