B.1 Chapter 1 Review

1. What are the key roles in an Enterprise SPMO?

   These roles are defined as the Executive Stakeholder, Project Sponsor, Program Manager, Project Manager, Project Coordinator, Project Resources, and Business Systems Analysts.

2. Describe the major service areas of an SPMO.

   They are Performance Reporting, Financial, Vendor, Issue, Quality, Change, and Risk Management.

3. What are several benefits of project performance reporting?

   Benefits of performance reporting include providing a means to ensure the project makes orderly progress toward key milestones by charting progress metrics. They tie performance reports and project financials together for a consolidated picture of the overall status of a project.

4. List the five key components of project performance reporting.

   1. Establishing program standards

   2. Requesting and collect data

   3. Consolidating information

   4. Reporting development and continuous improvement

   5. Reporting communications

5. Cite five to seven elements a project performance report should include.

   Some examples of possible elements contained in a project performance report include:

   1. Scope of deliverables: Planned, actual, and projected

   2. Cost: Planned, actual, earned, and estimated at completion

   3. Schedule: Planned, actual, and estimated

   4. Quality: Planned, actual, and projected achievement

   5. Risk: Planned, actual, and projected reduction

   6. Benefits: Planned and achieved

   7. Issues: Defined, corrective actions, status, management actions required

   8. Why is financial management important in an enterprise SPMO environment?

   Benefits of financial management include being able to explicitly define the financial controls and processes for the project and forecast project costs. It allows the team to improve estimates with consistent financial factors and to identify potential overruns and shortfalls in spending. It enables...