Initiation
What is the primary goal of the initiation phase?
To define the project goals and identify stakeholders.
What does scope management involve?
Defining and controlling what is included and excluded in the project.
What is a key focus during the execution phase?
Delivering the project outputs as planned.
What is the purpose of project monitoring?
To track project progress and ensure it stays on schedule and within budget.
What does it mean to “close a project”?
The process of finalizing all project activities, delivering completed outputs, and obtaining formal acceptance.
Who are stakeholders in a project?
Individuals or groups affected by or involved in the project, including clients, team members, and sponsors.
What is a Gantt chart used for?
A visual tool for scheduling project tasks and tracking progress over time
Why is team building important during execution?
To enhance collaboration, communication, and overall project efficiency.
What is a KPI?
Key Performance Indicator.
Why is documenting lessons learned important?
It helps improve processes and outcomes for future projects by providing insights on what worked and what didn’t.
What is the first step in the initiation phase?
Identifying the project’s purpose or defining the problem to be solved.
What are the triple constraints in project management?
Scope, time, and budget.
What is resource allocation?
Assigning available resources, including personnel and materials, to project tasks.
Give an example of a key performance indicator (KPI) in project management.
Project completion percentage, budget variance, or schedule variance.
What is a project closure report?
A document that summarizes the project performance, lessons learned, and any outstanding issues.