What are the benefits of developing Project Management Skills? Why?

Information Technology Question

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.
  1. Agile Project Management
  2. Waterfall Project Management
  3. Process-Based Management
  4. Benefits Realization Management
  5. Critical Chain Project Management
  6. Extreme Project Management
  7. Lean Project Management
  8. Earned Value Management
  1. What phases in a project’s lifecycle are recognized by PMI (Project Management Institute) and what is the PM’s responsibility in each phase?
  2. What is Stakeholder Management? How can poor stakeholder management impact a project?
  3. What is Risk? How can risk impact a project? Is risk always negative?
  4. What is the “3-legged stool” in project management? Explain.
  5. Why do projects fail? Provide examples of the type of reasons for project failure.
  6. When a project fails who should take responsibility? What about when a project is a success?