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...
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