13 : Initiating a Project Flashcards
Welcome to the Initiating a Project process Learn Thru Questions. We have over 20 questions and you should be able to answer most of these especially if you listen to this podcast a few times. These questions are based on the Initiating a Project podcast. Remember, the objective of these questions is to get you to think from a PRINCE2 point of view, learn about PRINCE2 at the same time and hold on to this knowledge.
What is the purpose of the Initiation Process? Answer in your own words.
The purpose of the Initiation Process is to understand the work that needs to be done to the deliver the required products, create a plan and build a sound foundation for the project.
List a few of the questions that will be asked during the Initiation Process. (Tip: Think the documents that will be created during this process.)
Here is an example of some of the questions that will be asked during the Initiation Process:
• What are the reasons, benefits, risks, costs?
• What is the scope? How will quality be achieved?
• How will issues, risks and changes be followed up?
• How will be the project be monitored and how will the project communicate to stakeholders?
• How will the PRINCE2 be tailored to suit the project?
What is the Benefits Review plan and when are Benefits are mostly available?
The Benefits Review plan is a plan that describes each benefit and defines how and when a benefit will be available and how to measure it. Benefits that are realized during the project will be reviewed and noted during the stage boundary process. However in most projects the benefits will not be realized until after the project is complete.
Why is the Project Initiation Documentation baselined?
It is baselined so it can be used in the future to check project performance compared to the original forecasts.
