Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Project Management > Evaluating Projects > Flashcards

Evaluating Projects Flashcards

1
Q

To what are projects linked?

A

to measuring and demonstrating results

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

on what does a good project managment practice based on?

A

to perform evaluation, which depends on the finding/results

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

what is the results of evaluation?

A

it contributed to transparency and accountability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what are the benefits of the evaluation process?

A

Lessons learned can be sheared more easily

Report provide a more robust for raising budget and influencing stakeholder

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

when should the project be evaluated?

A

No hard rule is available, often govered by company policies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are some hints that a project needs evalaution?

A

New project
Project under execution
project closeout

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

when is a re-evaluation needed?

A

when the project appears to be in trouble or when the project produces better results than expected

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

why should project closeout be evalauted?

A

additional information e.g when the product is in the market and economic reture on investment can be assesed

Lesses learnded and best practices ca be applied to subsequent projects

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

why is the pre-project evaluation important?

A

it determines the effectiveness of the project before execution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Who has to be convince?

A

the stake holder in an internal project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What’s the main difference in the pre-project evaluation in a pharmaceutical industry and innovation department?

A

In pharma Industry one obtained a project demand (internal or customer), while in an innovation department there is a complete processes for pre-project evaluation (Cooper’s stage-gate-process)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Types of project are grouped by? (learn to draw it and give examples)

A

uncertainty of the project outcome and the execution of the project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

How does a project lifecycle looks like?

A

Demand
Preparation
Execution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

what are some project charter?

A 
Project scope and dependencies
Project economics
Economic key Performance Indicators
Porject risks and mitigation
project Effort and cost
project organization
Miestone plan
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

what are Project economics?

A

Qualitative and quantitative benefits

Busines Value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

what are Economic key Performance Indicators

A

Net present value
internal rate of reture
Payback period

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

How do you obtained the excepted commercial value (ECV)

A

NPV* probability of the project = ECV

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

what are steps in pharmaceutical project evaluation?

A 
Project definition
Definition of options
Collection of data
Assumptions
Business Case
Controls
19
Q

Which steps are related to each other

A

Collection of data
Assumptions
Business Case

20
Q

Project definition

A

Define the scope, objectives and focuse

21
Q

Definition of options

A

Rate different options with regard to attractiveness

22
Q

Collection of data

A

gather data (internally and externally) that are required based to make assumptions

23
Q

Assumptions

A

evaluation collected data and formulate internal and external assumptions, test these and re-check data

24
Q

Business Case

A

present business case, re-define it in case project can avoid risk or add more value

25
Q

Controls

A

conduct monitoring measures

26
Q

Which are the various sources to collete data

A

production costs/ analysis of sales force based on own data by business intelligence, from competitos

27
Q

what includes in the definition of assumptions?

(go through the examples)

A

the debate with stakeholders

28
Q

on what is the define mitigation based on?

A

on the ranking of the ris

29
Q

draw the prorization of assumption using risk matrix

A

do you know it?

30
Q

Check the example on slide 23

A

Have you done so?

31
Q

What is the importance of the ongoing evalution?

A

to make sure that project is proceeding as planned
monitoring and reporting should be condcuted consistently
project metrics should be calculated to measure the success

32
Q

Which topics are addressed in the decision tree analysis?

A

Approach bulids a graphic representation of the decisions
Alternative outcomes are represented having the same chance
shows main outcomes itemized

33
Q

why is decision tree anaylsis important in a pharma industry?

A

focues on the activites that are essential for sucessful development, therefore decision trees are extented up to approval

34
Q

what are decision tree analysis used for?

A

is an effective tool to illustrate R&D decision points

employed to compared stragegic options

35
Q

on what is the probabilities of uncertain elements based?

A

are assesed based on available knowlegde and the circumstance of the individual case

36
Q

how can the overall probability be provided?

A

if milestones are composed of several independent activites

37
Q

Intangibles and interdependencies

A

Various interdependencies exist and intangibles are hard to quantify

38
Q

How can intangibles be managed?

A

Pharse expected goals and outcome, even if not mesureable
identify possible alternative measures and use them
Benchmark based on past, comparable projects
Focus on indicators, which can be assessed

39
Q

when do evaluation takes place?

A

prior to, within and after execution of projects

40
Q

who set the scope of evaluation

A

by senior management

41
Q

when is re-evaluation?

A

during entire project cycle

42
Q

what is important when evaluating

A

it has to b reported to stakeholders, lack of evalaution directly falls back to project resposible

43
Q

where should the evaluation focus

A

on internal and extenal enviroment

44
Q

what is importnat during the project?

A

Discussion with and input from other department is mandatory throughout entire project

Project Management (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions