Project Management 1.0
A project manager's responsibility is to oversee . . . .
everything within a project
A chart which functions as the starting place for planning all project parameters, which are Scope, Time, Resources.
WBS or Work Breakdown Structure
SMART Goals are an acronym for the following 5 important elements.
What are Strategic, Measurable, Attainable, Relevant and Time-bound?
An individual, group or organization that may affect, be affected by, or perceive itself to be affected by a decision, activity or outcome of a project.
Stakeholder
What is the primary purpose of a power grid in stakeholder analysis?
B) To visualize stakeholder interest and influence.
A significant point or event in a project.
milestone
What are the 4 phases of a project?
Initiation, Planning, Execution, Closure
Who identifies and defines the project? Also the one who can cancel the project if no longer needed.
Project Sponsor
Two External Stakeholders might be . . . . .
What are customers, regulators, vendors, suppliers, unions, the public?
What does the "Responsible" role in a RACI chart entail?
What are the five basic elements commonly included in a project plan?
Scope, resources, schedule, risk management plan, communication plan
This type of chart gives a clear illustration of project status, and timeline, but one problem with them is that they don't indicate task dependencies - you cannot tell how one task falling behind schedule affects other tasks.
Gantt Chart
The uncontrolled expansion to project scope without adjustments of time, cost and resources.
Scope Creep
Which phase of the project management process does the RACI chart primarily belong to?
A) Initiation
B) Planning
C) Execution
D) Monitoring and Controlling
A) Initiation
What is a characteristic of a project charter?
A) It is a static document that does not change throughout the project.
B) It is used primarily to persuade stakeholders to fund the project.
C) It is a living document that can evolve as the project progresses.
D) It is only reviewed by the project manager and not by stakeholders.
C) It is a living document that can evolve as the project progresses.
.What does RACI stand for?
Responsible, Accountable, Consulted, and Informed,
To observe and check the progress or quality of over a period of time.
Monitoring
C) Bottom Right.
If a _________ happens, it could cause a significant amount of disruption to a project, potentially even shutting it down. It's important to plan for it early because it can have catastrophic effects on the project.
Single point of failure
Which of the following is typically included in a project charter?
A) The names of all team members involved in the project
B) The budget allocated for the project
C) A summary of the project proposal
D) The location of the project team's office
C) A summary of the project proposal
What document helps to define roles and responsibilities for individuals or teams to ensure efficient work completion?
This helps clarify expectations, prevent misunderstandings, and ensure that everyone understands their role in the project.
RACI chart
The series of phases that a project passes through from its start to its completion.
Project Life Cycle
What are the elements of the Triple Constraint?
Scope, Cost and Time
What dos OKR stand for?
Objectives and Key Results
What are the four risk mitigation strategies discussed in the text, and provide a brief explanation of each?