|Latest Update |Already Graded A+
What are the five criteria for a successful project? ✔Correct Answer-Time, cost, quality, risk &
benefits
Project Management ✔Correct Answer-The application of processes, methods, knowledge,
skills and experience to achieve the project objectives
Programme Management ✔Correct Answer-The coordinated management of projects and
business-as-usual activities to achieve beneficial change
Project Success ✔Correct Answer-The satisfaction of stakeholder needs measured by the
success criteria as identified and agreed at the start of the project
Benefits Management ✔Correct Answer-The identification, definition, planning, tracking and
realisation of business benefits
Project Context ✔Correct Answer-Refers to the environment within which the project is
undertaken
Stakeholder Management ✔Correct Answer-The systematic identification, analysis, planning
and implementation of actions designed to engage with stakeholders
Project Life Cycle ✔Correct Answer-The inter-related phases of a project, programme or
portfolio, it provides a structure for governing the progression of work
Project Reviews ✔Correct Answer-Reviews take place throughout the project life cycle to
check the likelihood of achieving the objectives specified in the PMP and the benefits detailed in
the business case
The Business Case ✔Correct Answer-Provides justification for undertaking a project or
programme. It evaluates the benefits, cost and risk of alternative options and provides
reasoning behind the preferred solution
Organisational Roles ✔Correct Answer-Are the roles performed by individuals or groups in a
project. Both roles and responsibilities within projects must be defined to address the transient
and unique nature of projects and to ensure clear accountabilities can be assigned
Project Sponsor ✔Correct Answer-Is an active senior management role, responsible for
identifying the business need, problem or opportunity. The sponsor ensures the project remains
viable and resolved any issues outside the control of the PM