What is project transparency?
Project transparency refers to the facilitation of the flow of information through the hierarchy of the project. It is a way of conveying indispensable information to the members of the project team and at the same time, monitoring and scrutinizing the status of the project and the decisions made by the senior management for the benefit of the organization.
What happens on a project when there is no transparency?
The scope of the project will not be adhered to, and the senior management will be negatively affected by lack of transparency in a project since they will not be able to get precise information based on the project and therefore, not be able to formulate the preeminent resolutions suited for the benefit of the organization.
What happens on a project when there is transparency?
When there is transparency in a project, the project mangers and the senior management are able to make clear and correct choices in allocating tasks to their subordinates. Transparency also enables for the elimination or reduction of constraints associated with delivery.
Describe what you consider is the most important way that projects get transparency?
Transparency ensures that the activities carried out within a project are visible to the project mangers and the team members; therefore, it is essential to understand the objectives of the project transparency and find the qualified personnel who have the authority to set standards and key performance indicators. It is also valid to provide, identify and implement appropriate status of the project (Hobbs, 2009).
What is the biggest difference between a program manager and a project manager?
Since programs refer to a set of related projects managed and coordinated to achieve organizational benefits, program managers are therefore, responsible for supervising and administering the programs and are often superior to the project managers. Project managers, however, are junior to the program managers and are responsible for the management and coordination of project clients, project teams and other persons involved in the projects to meet the project objectives.
Describe the difference between organizational governance and program governance?
Organizational governance refers to the process of mitigating risks of the investments on the actual programs and projects in the organization, in its internal and external environment. Program governance describes the processes used to manage risks that can affect the programs set to accomplish the activities linked to a project in an organization’s environment.
What makes execution management different from either program governance and organizational governance?
Execution management focuses on effective utilization of the budget and time allocated to the programs while sticking to the focus, but program governance and organizational governance concentrate on the management of risks that can affect the programs and projects in an organization (PMI, 2004).
Why is the value proposition important?
Value proposition refers to the act of convincing a customer or a client why a certain product is of more quality and offers better service than other similar products (Anderson, 2006). Value proposition is important because it enables the project managers and program managers to mitigate risks that can affect the benefits of coordination, and management of multiple projects. By reducing the risks associated with the business, the organization creates value and increases its benefits due to the effectiveness and efficiency of the programs and programs.