Project Management methodologies
This project management methodology divides projects into five process groups with a linear/sequence approach: Initiating, Planning, Executing, Monitoring and Controlling, and Closing
What is Waterfall methodology?
A document that formally authorizes a project, outlining its objectives, scope, and stakeholders.?
What is a project charter?
This document outlines the project's timeline, including start and end dates for each task and milestone
What is the Project Schedule?
This term refers to the process of engaging stakeholders to ensure their needs and expectations are met
What is Stakeholder Management?
This term refers to the uncertainty that can positively or negatively affect project objectives
What is a risk?
This project management methodology is known for its iterative approach and is often used in software development.
What is Agile?
Name three key components typically found in a project charter.
Project objectives, project scope, and key stakeholders
This tool is commonly used to visualize the project schedule and shows the start and finish dates of project elements
What is Gantt Chart?
This tool is used to identify and analyze the influence and interest of project stakeholders.
What is Stakeholder matrix?
This document, essential for managing uncertainties in a project, outlines the approach, tools, and procedures for identifying, analyzing, and responding to project risks.
What is risk management plan?
This methodology is part of Agile approach and uses a visual tool called a "Kanban board" to manage work
What is Kanban?
What is the primary purpose of a project charter?
To formally authorize the project and provide a clear statement of its objectives and scope.
This term refers to the sequence of activities that determines the shortest possible duration to complete the project
What is Critical path?
This document outlines how project information will be distributed to stakeholders, including the frequency and format of communication
What is Communication Plan?
This section of the Risk Management Plan outlines the process for identifying risks throughout the project lifecycle.
What is risk identification?
This methodology emphasizes delivering products in short cycles and includes roles such as Scrum Master and Product Owner.
What is Scrum?
Who typically signs off on the project charter to give it formal approval?
The project sponsor or senior management
This term refers to the amount of time that a task can be delayed without affecting the project's overall timeline
What is float?
This meeting is held at the beginning of a project to align stakeholders on the project's objectives, scope, and timeline
What is a kick-off meeting?
This part of the Risk Management Plan describes the methods and tools used to analyze the impact and likelihood of identified risks
What is risk analysis?
This project management methodology focuses on continuous improvement and eliminating waste, and is often associated with manufacturing
What is Lean?
At what stage of the project management process is the project charter created?
What is Initiation phase?
This technique involves estimating the duration of project activities by considering the best-case, worst-case, and most likely scenarios
What is PERT (Program Evaluation and Review Technique)?
What is a common method for resolving conflicts among stakeholders?
What is negotiation?
This section of the Risk Management Plan details the strategies for responding to risks, including avoidance, mitigation, transfer, and acceptance
What is Risk Response Planning?