Can recent college graduates expect to be project managers right away? What is a typical career path for a project manager? Using the internet, research the average salary of a PM in South Florida. Is this for an experienced project manager? Which sites (URL) did you use to find average salaries?
College graduates shouldn't expect to be project managers right away. To be considered for project management, work experience is typically required. If you look at businesses the background they look for are in experienced PM's.
It turns out that the average salary of a PM in South Florida is $85,000. I am basing this specifically on IT PM's,
According to Salary.com depending on your experience pay rate should increase as well. Beginner PM's earn about 64k, Intermediate PM's earn about 81k. Expert PM's earn about 95k.
http://www1.salary.com/Project-Manager-Salary.html
Thursday, January 22, 2015
Question 7
Why do you think organizations should develop their own information technology project management methodologies? Why can't they just follow a book or a methodology that has already been developed?
It's important for organizations to develop their own IT project management methodologies because each organization is unique. For this reason each organization may have different needs. Having their own methodology will allow them to have project managers know how to tailor their skills to their needs.
It's important for organizations to develop their own IT project management methodologies because each organization is unique. For this reason each organization may have different needs. Having their own methodology will allow them to have project managers know how to tailor their skills to their needs.
Question 6
Even if a project team is not part of project selection, why is it important for them to know why their project was selected?
Although the team may not always select the project it is still important to know why their project is selected as theyshould be part of the planning process. It's important for the project team to be part of the planning process as they can provide realistic plans and deadlines. Without the knowledge of why their project was selected it will be more difficult for the project team to come up with a viable plan that meets the needs of the stock holders.
Although the team may not always select the project it is still important to know why their project is selected as theyshould be part of the planning process. It's important for the project team to be part of the planning process as they can provide realistic plans and deadlines. Without the knowledge of why their project was selected it will be more difficult for the project team to come up with a viable plan that meets the needs of the stock holders.
Question 5
Process Groups - How much time and money is typically spent on projects in each of the process groups. Assume you have one year and $100,000 to spend. Justify your answer.
Using the information that Andy Crowe had found on the time spent by the alpha project managers in each of the process groups, I was able to find the time spent typically on projects was equivocal to the first row of my graph below. I used this as the premise to assume how much money would be spent on each process groups, assuming that time spent would be equal to money spent in proportion.
Using the information that Andy Crowe had found on the time spent by the alpha project managers in each of the process groups, I was able to find the time spent typically on projects was equivocal to the first row of my graph below. I used this as the premise to assume how much money would be spent on each process groups, assuming that time spent would be equal to money spent in proportion.
Question 4
Some of the adaptive approaches to developing systems (like
agile) are becoming more popular. Are they better or more appropriate than
prescriptive approaches in most cases? Why or why not?
Question 3
Briefly describe the strategic planning process, including
the SWOT analysis. Which method do you think businesses use most when
identifying IT projects? Why?
The strategic planning process is a process where businesses
map out which projects benefit the organization. It involves key information
that can be implemented with or without managers. Businesses rely heavily on
the SWOT approach. With the SWOT approach, which stands for Strengths, Weaknesses,
Opportunities, and Threats, businesses divide a project into two parts. This
helps businesses analyze the pros and cons of a project and decide whether or
not the project conjugates with their strategic goals. In addition, businesses
focus on the flaws of previous projects and build upon that to improve future
goals.
Question 2
Describe the triple constraint. What are the three components and what is the relationship between them.
The triple constraint is something that project managers should be mindful when beginning a project. The triple constraint are three factors that are limitations to the project at hand and their goals must be balanced. The triple constraint includes: scope, time, and cost.
Scope:
Scope is the actual amount of work done on the project. In some ways it is the ambition and size of the project and what it will return.
Time:
The amount of time the project will take. There is likely a deadline that will be attempted to achieve.
Cost:
How much money will the project cost? There is likely a budget to keep in mind.
Now the relationship between the triple constraint can often be a trade off in order to meet the goals of a project. For example if the scope of the project increases, with the addition of other features for example, then time and cost may go up. If time is a priority, then costs may go up or the scope may have to be decreased. The best way to manage the triple constraint is to keep all things in balance and still be able to keep the stock holder happy with the result of the project.
The triple constraint is something that project managers should be mindful when beginning a project. The triple constraint are three factors that are limitations to the project at hand and their goals must be balanced. The triple constraint includes: scope, time, and cost.
Scope:
Scope is the actual amount of work done on the project. In some ways it is the ambition and size of the project and what it will return.
Time:
The amount of time the project will take. There is likely a deadline that will be attempted to achieve.
Cost:
How much money will the project cost? There is likely a budget to keep in mind.
Now the relationship between the triple constraint can often be a trade off in order to meet the goals of a project. For example if the scope of the project increases, with the addition of other features for example, then time and cost may go up. If time is a priority, then costs may go up or the scope may have to be decreased. The best way to manage the triple constraint is to keep all things in balance and still be able to keep the stock holder happy with the result of the project.
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