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Project ✔Correct Answer-A unique, transient endeavour undertaken to achieve planned
objectives.
Project management ✔Correct Answer-Application of processes, methods, knowledge, skills
and experience to achieve the project objectives.
Core components of project management ✔Correct Answer-1. Justification (why?)
2. Business Case.
3. Corporate agreement and budget.
4. Project Management Plan.
5. Communicate with stakeholders.
6. Manage risks, issues and changes.
7. Monitor progress against plan.
8. Controlled project close.
Benefits of project management ✔Correct Answer-1. Better chance of delivering desired
result.
2. Efficient use of resources.
3. Satisfy stakeholders.
Project environment ✔Correct Answer-1. Circumstances and conditions in which project
operates.
2. Use PESTLE or SWOT.
Programme ✔Correct Answer-Group of related projects and change management activities
that together achieve a beneficial change for an organisation.
Portfolio ✔Correct Answer-1. Grouping of organisation's projects and programmes.
2. Managed in line with strategic objectives.
Project roles ✔Correct Answer-1. Project sponsor.
2. Project steering group.
3. Project manager.
4. Project team.
5. Project office.
6. End users.
, Project sponsor ✔Correct Answer-1. Wants project done and owns benefits.
2. Owns Business Case.
Project steering group ✔Correct Answer-Provides strategic direction and guidance to sponsor.
Project manager ✔Correct Answer-1. Responsible and accountable for successful delivery of
project.
2. Owns Project Management Plan.
Project team ✔Correct Answer-Accountable to project manager.
End users ✔Correct Answer-Receive benefits or operate outputs.
Project life cycle - four phases ✔Correct Answer-1. Concept.
2. Definition.
3. Development.
4. Handover and closure.
1. Concept ✔Correct Answer-1. Develop initial idea.
2. Outline business case.
3. Accept/reject?
2. Definition ✔Correct Answer-1. Identify preferred solution.
2. Refine Business Case.
3. Develop Project Management Plan.
4. Accept/reject?
3. Development ✔Correct Answer-1. Put Project Management Plan into action.
2. Design stage - produce necessary documentation.
3. Build stage - deliverables produced and tested against quality criteria; monitoring and control
against plan.
4. Accept/reject?
4. Handover and closure ✔Correct Answer-1. Testing of complete set of deliverables.
2. Deliverables and documentation handed over to sponsor or end user.
3. Post project review and benefits realisation review.
4. Redeploy project team.
Extended project life cycle - two additional phases ✔Correct Answer-5. Operation.
6. Termination.
Stakeholder ✔Correct Answer-Organisations or people who have an interest or role in project
or are impacted by it.