Introduction

Question 1

What is the purpose of project management?

Answer 1

To predict, plan, organise and control activities and resources so projects are completed successfully despite all the risks, difficulties and budget constraints

Question 2

What is project management?

Answer 2

Projection of ideas and activities into new endeavours whilst mitigating elements of risk and uncertainty

Question 3

What is a type 1 project?

Answer 3

Civil Engineering and Construction

Question 4

Define a type 1 project?

Answer 4

• Work conducted on site exposed to elements and usually remote from contractor head office
• Open to public gaze
• Usually requires massive capital investment
• Rigorous management of progress, finance and quality
• Can be very hazardous, health and safety aspects demand special attention
• May require joint venture for larger projects

Question 5

What is a type 2 project?

Answer 5

Manufacturing

Question 6

Define a type 2 project?

Answer 6

• Projects result in a piece of mechanical or electronic equipment or specially designed hardware (e.g. ship, aircraft etc)
• Conducted in lab, factory, hangar or other home based environment where company exercises on the spot management

Question 7

What is a type 3 project?

Answer 7

IT Projects and projects associated with management change

Question 8

Define a type 3 project?

Answer 8

• Examples include relocating HQ, introducing new IT, launch marketing campaign, feasibility or other study, organisational restructure
• May be associated or depend on type 1 and type 2

Question 9

What is a type 4 project?

Answer 9

Projects for pure scientific research

Question 10

Define a type 4 project?

Answer 10

• Can consume vast amounts of money and yield no practical or economic results
• Generally high risk
• Difficult to define however some form of control must be attempted (i.e. budgets set) and have regular reviews

Question 11

What are some aviation project types and categorise them>

Answer 11

Type 1 and 2, new runway, terminal or airport

Type 3, new navifation system

Question 12

What is the project lifecycle?

Answer 12

Initial concept/need
Feasibility study
Business plan
Risk assessment
Public enquiry
Authorisation
Organisation
Planning
Design
Procurement
Fulfilment
Test/commission
Handover
Structural life
Disposal

Question 13

What are the 3 objectives of a project manager?

Answer 13

Completion within budget
Project delivered on time
Project finished according to project specifications

Question 14

What is the effects of delays on direct costs?

Answer 14

Price rise on material and increase in wages/salaries

Question 15

What are indirect costs (overhead)

Answer 15

Management, administration, accommodation, facilities,

Fees incurred day to day

Question 16

What is the effect of delays on costing in general?

Answer 16

Big effect on financing, may need to overdraft or loan

Contracts may have penalty clause for each day/week contractor fails to meet delivery obligation

Question 17

Who are the principal stakeholders?

Answer 17

Customer/client
Contractors
Investors

Question 18

What are some steps to limit costing risks?

Answer 18

Stage gating
Avoidance of fixed price contracts
Provisional cost items
Feasibility study
Checklists

Question 19

What is stage gating?

Answer 19

Step by step approach
Releasing resources in controlled amounts so risks are kept within defined boundaries.
If the project is looking bad, plug can be pulled and further funds denied

Question 20

What is a feasibility study?

Answer 20

Involves technical experts to helps define project

Points project in the right direction