Chapter 2 - Exam

Question 1

◦Importance of sponsors in the project

Answer 1

project sponsors
stakeholders

investing in resources for the project

need resources for a project

Question 2

Project life cycle

Answer 2

Initiation- starting the project

planning - organizing and preparing

development -

implementation -

closure - closing the project

Question 3

◦What are strategies?

Strategic plan?

Answer 3

• a strategic plan provides an organizational road map which suggests directions for resources and activities for the future
• it determines position of the company in the industry, position they want to secure in the future.
• its a plan for attaining the desired position

Question 4

Three important questions when developing a strategic plan and explain each question

Answer 4

• Where are we (strengths and weaknesses)
• Where do we want to go (aspiration and competitiveness - next five years
• How to get there (resources and constraints)

Question 5

What are the Objectives and Goals?

Answer 5

• Must be clearly defined and must be measurable and doable
• More specifically describe how the mission is to be implemented
• Used to evaluate performance
• Customer satisfaction is often considered an important goal
• A Hierarchy of goals and objectives exists.

Question 6

Deliverables

Answer 6

Are used as a base to assign responsibilities and evaluate performance
It is a source for measuring progress and controlling quality

Question 7

Change Management

Answer 7

• People’s long term roles, responsibilities and reputing structures as well as the way processing is handled and functions are carried out, will sometimes change as a result of a new project
• Force field analysis: understanding of the change process is gained by identifying the forces working for and against the change being successful by analyzing the change from the point of view of people, resource, time, and external factors, and cooperate culture and formula a change strategy that is good fit with these forces

Question 8

Milestone

Answer 8

reflects an event a point in the life of the project when a significant accomplishment has been made
Example, prototype test is complete.

Question 9

alignment decisions

Answer 9

Project decisions align with strategic goal

Question 10

Decision making

Answer 10

Project management involvement with strategic planning and decisions regarding strategic planning and decisions regarding selection, development, and implementation of technology provides implementation of technology provides several advantages:several advantage

Question 11

Deliverable should be (4)

Answer 11

1. defined,
2. measured,
3. developed
4. demonstrated.

Question 12

Who is responsible for setting the overall strategic role for the organization ?

Answer 12

Senior executives and top management

Question 13

Deliverables It must be clear on: (4)

Answer 13

Overall objectives
Specific deliverables
Milestones
Needed resources.