WITH ANSWERS GRADED A+
●● Project management. Answer: Application of processes, methods,
knowledge, skills and experience to achieve the project objectives.
●● Core components of project management. 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. Answer: 1. Better chance of
delivering desired result.
2. Efficient use of resources.
3. Satisfy stakeholders.
●● Project environment. Answer: 1. Circumstances and conditions in
which project operates.
,2. Use PESTLE or SWOT.
●● Programme. Answer: Group of related projects and change
management activities that together achieve a beneficial change for an
organisation.
●● Portfolio. Answer: 1. Grouping of organisation's projects and
programmes.
2. Managed in line with strategic objectives.
●● Project roles. Answer: 1. Project sponsor.
2. Project steering group.
3. Project manager.
4. Project team.
5. Project office.
6. End users.
●● Project sponsor. Answer: 1. Wants project done and owns benefits.
2. Owns Business Case.
●● Project steering group. Answer: Provides strategic direction and
guidance to sponsor.
, ●● Project manager. Answer: 1. Responsible and accountable for
successful delivery of project.
2. Owns Project Management Plan.
●● Project team. Answer: Accountable to project manager.
●● End users. Answer: Receive benefits or operate outputs.
●● Project life cycle - four phases. Answer: 1. Concept.
2. Definition.
3. Development.
4. Handover and closure.
●● 1. Concept. Answer: 1. Develop initial idea.
2. Outline business case.
3. Accept/reject?
●● 2. Definition. Answer: 1. Identify preferred solution.
2. Refine Business Case.
3. Develop Project Management Plan.
4. Accept/reject?