Module 2A
Module 2B
100

What is the largest phase in the project life cycle

Planning

100

Define SMART Goals

Specific

Measurable

Achievable

Realistic

Time-Bound

200

What does the project plan start with?

Inputs from the project charter and stakeholder analysis.

200

What % or resource commitment does the PM have?

80%

300

Who has the least amount of time commitment?

Executive Sponsor

300

Define cost management?

Cost management is the defining how the project costs will be estimated, budgeted, managed, monitored and controlled

400

What are the 2 elements of a project plan that we focused on in Module 2

WBS/Project Plan

Budget

400

Give 1 example of an Organizational Process Asset (OPA)

Procedures

Templates

Guidelines

Manuals

Databases

Files

500

Give at least 1 example of Enterprise Environmental Factors (EFF)

Company Culture

Human Resources

Business Laws

Technological Evolution

500

Define Risk Management.

•The process of identifying project risks, measuring potential impact/probability of occurrence/detectability, and developing a mitigation plan to proactively address issues.