The Standard for Project Management: A System for Value Delivery
Overview of value delivery components and organizational functions in project management.
The Standard for Project Management, as presented in PMBOK 7, represents a foundational framework that conceptualizes project management as a system for value delivery. This standard shifts away from process-centric approaches toward a principle-based methodology focused on outcomes and benefits. …
Concepts covered: Functions Associated with Projects: Provide Business Direction and Insight, Creating Value: Information Flow, Functions Associated with Projects: Provide Oversight and Coordination, Functions Associated with Projects: Present Objectives and Feedback, Functions Associated with Projects: Perform Work and Contribute Insights, Functions Associated with Projects: Apply Expertise, The Project Environment: Internal Environment, The Project Environment: External Environment, Functions Associated with Projects: Maintain Governance, Functions Associated with Projects: Provide Resources and Direction, Functions Associated with Projects: Facilitate and Support, Creating Value: Value Delivery Components, Organizational Governance Systems, Product Management Considerations
PMP - The Standard for Project Management: A System for Value Delivery Example Questions
Test your knowledge of The Standard for Project Management: A System for Value Delivery
Question 1
A project manager is leading the development of a groundbreaking medical device. The team includes engineers, physicians, regulatory experts, and marketing specialists. During a crucial project meeting, the manager needs to present the complex objectives and gather comprehensive feedback to ensure alignment and address potential challenges. Given the multidisciplinary nature of the team and the project's high stakes, what approach should the project manager employ to effectively communicate the objectives and elicit valuable feedback from all team members?
Question 2
A project manager is leading the development of a cutting-edge AI-driven customer service platform. The team comprises data scientists, software engineers, UX designers, and business analysts. During the initial project meeting, the manager needs to effectively communicate the project's objectives and gather insightful feedback from this diverse group. Given the complexity of the project and the varied expertise levels, what approach should the project manager employ to present the objectives and collect comprehensive feedback?
Question 3
A project manager is leading a cross-functional team to implement a new enterprise resource planning (ERP) system. The team includes members from IT, finance, operations, and human resources, each with varying levels of technical expertise and business knowledge. During the project kickoff meeting, the manager needs to present the project objectives and gather feedback to ensure alignment and identify potential challenges. Given the diverse team composition and the complexity of the project, what is the most effective approach for the project manager to present the objectives and collect comprehensive feedback?