TCM359 – Week 2 Assignment
Name: Enter Name Here Homework Assignment # 2
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Read Chapters 2 of the course text
Complete the questions in the template at the end of this document and return it through the Assignments Tab in Blackboard.
Additional Instructions:
List your answers in the template below. Expand space for your answer as needed.
Provide discussion and thought with the questions (a one sentence response typically is not enough).
Be sure to complete the assignment in this template file and return the entire file using the assignment link located in the Assignments tab. DO NOT RETURN IT USING REGULAR EMAIL.
Begin Work Here (total points: 10)
1.
What is OPM and why is it important that it is an ANSI standard, also define ANSI.
OPM, Organization Project Management is a framework for executing strategies through projects usually by integrating the systems of portfolio management, program management, and project management within an organization. This aims to help the alignment of projects and
programs with organizational goals and strategies, and also ensures that resources are effectively utilized to achieve desired outcomes.
ANSI, American National Standards Institute is a private and non-profit organization that oversees the development of voluntary consensus standards for things like products, services, processes, system and personnel in the US. It also facilitates the creation of standards through a collaborative and open process, bringing together industry stakeholders, experts, and representatives from government.
OPM being an ANSI standard adds credibility, global recognition, and commitment to best practices. Making it a valuable framework for organizations looking to enhance their project management capabilities and aligning the projects with strategic objectives.
2.
Define these roles: a.
Project sponsor: Is a stakeholder responsible for providing financial support, strategic guidance, and project advocacy. Typically holds a leadership role within the organization
and ensures that the project lines with the business objectives. b.
Steering Committee:
Is a group of senior stakeholders assembled to provide strategic direction and oversight for a project. They are key decision makers and guide project goals, reviews progress, and address major issues.
c.
Project owner:
Is an individual or entity with the primary responsibility for the successful initiation, planning, and execution of a project. They are incharge of the projects goals, budget, and timeline. They work closely with the project team, stake holders, and sometimes external partners.
d.
Project manager:
Is a responsible for planning, executing, and closing out the project. They ensure the project meets the objectives on time and stayed within budget.
