VERIFIED ANSWERS COMPREHENSIVE REVIEW
◉ VUCA Analysis.
Answer: Volatility: speed of change in industry/market/world
Uncertainty: how well future can be predicted
Complexity: number of factors to take into account
Ambiguity: lack of clarity on how to interpret something
◉ SWOT analysis.
Answer: -S, W are internal (e.g., cashflow)
-O, T are external (e.g, demographic change in market, low market
growth)
-need a good balance. too much focus on internal, will lead to little to
no change. too much focus on external will lead to radical change
◉ what are decision gates? explain their benefits.
Answer: undertaken at end of each phase/stage.
-gives the sponsor and gov board opportunity to confirm (or deny)
continued project investment
◉ what are audits? explain benefits.
,Answer: undertaken by group outside project team (IA, EA)
-provides objective evaluation and assessment of the management of
the project
◉ what are post project reviews? explain benefits.
Answer: -part of project handover, before closeout
-identifies lessons learned to use for future projects
-assesses if we did it right,
evaluates against success criteria
-recognizes individual and team performances
-evaluates project processes and any tools/techniques used
◉ what are benefits realization reviews? how are they useful?.
Answer: undertaken some time after products are in use (by
sponsor)
-encourage users to take on new products enthusiastically
-ensures realization of benefits, if not, corrective action
◉ what is the deployment baseline?.
Answer: culmination of the scheduling process (requirements,
solution devt, identification of scope etc).
-forms basis of schedule in a contract and a baseline to monitor
achievement
,◉ deployment baseline in linear LC includes.
Answer: -requirements captured
-scope and quality defined
-fully resourced schedule
-allowances for risks
-planned value curve understood (if used)
◉ deployment baseline in iterative LC include.
Answer: -baseline schedule and resources defined
-scope and quality may vary
-work not achieved in timebox added to product backlog
-resources section (skills required, number of people in team,
commitment to project)
◉ typical content of a PMP.
Answer: -what: reqts, scope, WBS, PBS, statement of work
-why: project outline
-when: scheduling, resource reqts, key milestones
-how: strategies and plans (risk mgt, quality, EHS, configuration mgt,
stakeholders, comms)
-where
, -who: project team
-how much
-how good: quality reqts, acceptance criteria
◉ who writes, reads, owns, approves PMP.
Answer: project team writes, stakeholders read, PM owns, sponsor
approves
◉ importance of PMP.
Answer: -describes project objectives, how project will be managed,
baseline for PM and team to decide best way to deliver project
outcomes
◉ Who are stakeholders?.
Answer: all those who have an interest, role, are impacted or can
impact project.
◉ stakeholder analysis vs influence vs engagement.
Answer: -analysis: identify stakeholders, their interests and
influence/power levels
-influence: stakeholders' ability to affect the project is managed
-engagement: actions taken by the PM and team to communicate,
involve and liaise with stakeholders depending on their levels of
interest and influence