Project Manager vs. Product Owner
What are the differences in organizational structure?
TPM (Traditional Project Management practices) projects adhere to a very thorough plan which is formulated prior to doing any work on the venture. The basis of this plan is the notion that the solution or goal is explicitly defined at the outset. Aside from small deviations brought about by requests for change, the project goes along the plan, and the solution is attained. This approach's success is founded on accurate goal specification in the project definition phase and preliminary scoping activities.
APF (adaptive project framework) projects also keep to a comprehensive plan; however, this plan is not developed at the project's onset. Rather, it is developed in steps, as each cycle defining the project's life cycle attains completion. Project timeframe and budget are laid down at the beginning. Following each cycle's completion, the client as well as project team review the work carried out in the cycle and fine-tune the plan. Through this strategy, the solution starts appearing gradually. Due to the JIT (just-in-time) nature of planning and minimal effort and time devoted to planning and organizing elements of the solution that do not turn out to be part of the end result, projects following APF approach are more cost- and time- efficient than those that follow a TPM approach (Wysocki, 2014, p. 29).
What are the differences in monitoring and control?
Monitor/Control progress of the project
The monitoring stage commences with project commencement.
Earlier phases generate numerous status reports which can be employed for monitoring progress of the project. Some such reports are only utilized by the team directly involved in project activities, while other reports are accessible to clients and the management, as well.
A key...
Requests activate the feedback loop, and the manager, who heads the project team, reviews the plan for determining how the request for change must be accommodated.
Issues may also crop up when work completes behind or ahead of schedule. Such situations are handled via a problem-escalation process, established during project launch (Wysocki, 2014, p. 28).
What are the differences in reporting of overall project performance?
The manager in charge of a TPM project responds to performance of individual tasks in a series of interdependent tasks while expending management time. There is no reliance on statistical characteristics of a series of interdependent tasks, in TPM (Wysocki, 2014, p. 373).
In a number of cases, particularly for projects entailing development of computer applications, appropriate team members and the client collectively draw the ATP. This is normally carried out early on into the project. The ATP necessitates compliance of project team with all elements in the performance specifications stipulated by client. This stage makes use of a checklist, which requires a part-by-part sign-off depending on performance assessments. These assessments are performed jointly; relevant project team members and the client administer it. The checklist is composed such that the assessment either does or does not demonstrate compliance. It should not be formulated in a manner that requires interpretation for ascertaining whether or not performance specifications are met (Wysocki, 2014, p. 286).
Which approach do you feel is more effective at addressing these activities: time management?
Value-based time management
Time management and…
