WITH SOLUTIONS GRADED A
◉ What is a project? Answer: A temporary endeavor undertaken to
create a unique product, service, or result.
◉ What are projects performed to do? Answer: - drive change within
organizations
- enable the creation of business value
- respond to factors acting upon the organization
◉ What and who is project management? Answer: The application
of knowledge, skills, tools, and techniques to project activities to
meet project requirements
Focused on managing coordination; assigned by the organization to
lead the team responsible for achieving the project objectives and
meeting stakeholder expectations; balances competing constraints
with available resources; roles and responsibilities may vary from
organization to organizations; ensures everything fits and works
together with stakeholders, sponsor, and team in mind; defines how
to achieve the deliverable
,◉ What are the (generic) phases of a project life cycle? Answer: -
starting the project
- Organizing and preparing
- Carrying out the work
- Ending the project
◉ What are five types of Project Life Cycles? Answer: Predictive,
Iterative, Incremental, Agile, and Hybrid
◉ What defines a process? Answer: A series of activities directed
towards causing an end result; on or more inputs create one or more
outputs
◉ What are inputs? Answer: Any item needed by a process before a
process proceeds, which could be an output from another process
◉ What are outputs? Answer: A product, service, or result generated
by a process
◉ What are the five process groups? Answer: Initiating, Planning,
Executing, Monitoring & Controlling, and Closing
◉ What is Initiating? Answer: Defining a new project or phase of an
existing project; Obtaining authorization to start the project phase
,◉ What is planning? Answer: Establishing the complete scope of the
project; Defining objectives and refining courses of action taken to
attain the objectives
◉ What is Executing? Answer: Performing the work defined in the
project management plan to satisfy the requirements of the project
◉ What is Monitoring & Controlling? Answer: Tracking, reviewing
and regulating the progress and performance of the project;
Identifying areas in which changes to the plan are required;
Documenting and implementing the corresponding changes
◉ What is Closing? Answer: Finalizing all activities across all process
groups to formally close a project, phase, or contract
◉ What is a Project Stakeholder? Answer: An individual, group, or
organization which may affect, be affected by, or perceived itself to
be affected by a project
◉ Who is an Authority figure? Answer: Should be clearly defined
and may include the rights to apply resources, make decisions, sign
approvals, accept deliverables, and influence others
, ◉ Influence Answer: using persuasion to solve problems and obtain
resources needed in a timely manner
◉ What is a Project Sponsor? Answer: Focused on business value;
provides resources and support; is accountable for enabling success;
should be at an organizational level to fund and staff the project;
addresses internal political and strategic issues that may impact the
team; regularly engaged to ensure the team creates the right
deliverable(s)
◉ What is a Business Analyst? Answer: Focused on definition or
requirements; may not have a specific business analyst role; has
sufficient knowlwdge about the business enviornment and customer
or sponsor desires to ensure value delivery; defines what the
deliverable will be.
◉ What is a Project Team? Answer: Includes the PM, the PM team,
and the other team members
◉ What is a Project Management Team? Answer: A subset of the
project team directly responsible for the PM and leadership
activities of the project
◉ What is a Team Facilitator? Answer: Focused on facilitating
collaborations; sometimes called a project manaher, scrum master,
project team lead, team coach, or team facilitator; uses servant