FA 5 Flashcards
The triple constraint in project management refers to:
Scope, time, and cost
Implementation of a plan requires:
Resource allocation and coordination
Operational planning is the responsibility of:
Frontline managers
Human resource plans include:
Training and development programs
Tactical planning is mainly associated with:
Translating strategies into specific actions
An example of a procedure is:
Steps for processing a customer order
A project is defined as:
A temporary endeavor with specific objectives
A contingency plan is developed to:
Address possible future scenarios
Flexibility in planning helps to:
Adapt to changes in the environment
A SWOT analysis in strategic planning identifies:
Strengths, weaknesses, opportunities, and threats
One key to effective planning is:
Involving stakeholders in the process
Risk management in projects involves:
Identifying, assessing, and mitigating risks
Information systems plans focus on:
Enhancing data management and communication
Planning is considered important in management because:
It reduces uncertainty and risks
Stakeholder management in projects ensures:
Project goals align with stakeholder expectations
Strategic planning is typically conducted by:
Top management
Financial plans focus on:
Managing resources and budgets
Which of the following enhances the effectiveness of plans?
Using a collaborative approach
A plan becomes more effective when it is:
Detailed and actionable
Evaluating alternative plans involves:
Comparing options against objectives
