D3; T3 Evaluate and address external business environment changes for impact on scope Flashcards
Evaluate and address external business environment changes for impact on scope
Which enablers is used to recommend options for scope/backlog changes based on external business environment changes?
Change Control System
Recommend options for scope/backlog changes” can be done by a change control system. This system helps evaluate proposed changes, determine their impact on the project, and recommend appropriate actions to manage the changes.
A project manager regularly reviews the external business environment to identify potential impacts on the project scope. What is the purpose of this review?
- To adjust the project schedule
- To implement risk responses
- To update the project charter
- To stay aware of external changes
- To stay aware of external changes
The purpose of regularly reviewing the external business environment is to stay aware of any changes that may impact the project scope. By monitoring the external environment, the project manager can proactively identify and address potential impacts on the project, ensuring that the scope remains aligned with the evolving business environment.
When evaluating the impact of external business environment changes, which of the following should be considered FIRST?
- Project Budget
- Project Schedule
- Stakeholder expectations
- Project Requirements
- Project Requirements
When evaluating the impact of external business environment changes, the project requirements should be considered first. Changes in the external environment can lead to modifications in project objectives or deliverables, and understanding the impact on requirements is essential before assessing other aspects such as budget, schedule, or stakeholder expectations.
During the execution phase of a project, the project manager becomes aware of new technological advancements that could enhance project outcomes. What action should the project manager take?
Assess the impact on the project scope
After identifying a change in market conditions, the next step is to assess the impact on the project scope. This assessment will help determine if the change requires adjustments to the project’s objectives, deliverables, or requirements, based on the specific market conditions.
A project manager identifies a change in market conditions that may impact the project scope. What should be the next step?
Assess the impact on the project scope
After identifying a change in market conditions, the next step is to assess the impact on the project scope. This assessment will help determine if the change requires adjustments to the project’s objectives, deliverables, or requirements, based on the specific market conditions.
Which of the following enablers is used to assess and prioritize the impact of external business environment changes on project scope?
1. Stakeholders Analysis
2. Risk Register
3. Schedule Baseline
4. Probability-Impact Assessment
Probability- impact assessment
The enabler “Assess and prioritize impact on project scope/backlog based on changes in external business environment” involves conducting a probability- impact assessment to evaluate the effects of external business environment changes on the project scope. This assessment helps in understanding the magnitude and significance of the changes and the probability of occurrence for each.
During the initiation and planning phase of a project, which enabler should be used to survey changes to the external business environment ?
PESTEL Analysis
The enabler “Survey changes to external business environment (e.g., regulations, technology, geopolitical, market)” can be effectively accomplished through a PESTLE analysis. PESTLE stands for Political, Economic, Social, Technological, Legal, and Environmental factors, which are assessed to identify and understand external business environment changes.
Which of the following is an example of a change in the external business environment that can impact project scope?
1. Changes in stakeholder requirements
2. Changes in government regulations
3. Changes in resource regulations
4. Changes in project team compositions
Changes in government regulations
Changes in government regulations are an example of a change in the external business environment that can impact project scope. Regulatory changes may require the project to comply with new laws or standards, leading to adjustments in project objectives, deliverables, or requirements..
Which of the following actions should the project manager take to continually review the external business environment for impacts on project scope?
1. Conduct a feasibility study
2. Monitor industry trends
3. Update the stakeholder register
4. Develop a project management plan
Monitor industry trends
To continually review the external business environment for impacts on project scope, the project manager should monitor industry trends. This involves staying updated on relevant changes, developments, and emerging factors that may affect the project’s scope, allowing for proactive management of potential impacts.
Which tool can be used to assess the impact of external business environment changes on the project scope?
SWOT Analysis
A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can be used to assess the impact of external business environment changes on the project scope. It helps identify the strengths and opportunities that can be leveraged, as well as the weaknesses and threats that may pose risks or require adjustments to the project scope.
