module 11- Phases of product life cycle

Question 1

Defining

Answer 1

the idea for the project is formalized into a project proposal and the decision on whether the project will be selected for implementation is made.

Question 2

planing

Answer 2

subject matter experts may be added to the project team in order to carefully plan and budget the activities that will need to be completed. Work break down structure will be used

Question 3

Executing

Answer 3

large numbers of people may be added to the project in order to complete the work.

Question 4

closing

Answer 4

when the project outcomes are delivered to the customer or sponsor.

Question 5

Deliverables

Answer 5

The intermediate outcomes from work activities

Question 6

project scope

Answer 6

is a written statement summarizing the work that will be completed to provide a project outcome that will meet the customer or sponsor’s requirements.

Question 7

project justification

Answer 7

is a statement explaining the business need for the project. This is sometimes referred to as the business case. The project justification helps tie the project back to the strategic and operational goals of the company and its mission.

Question 8

monitoring and controlling

Answer 8

the project manager detects that the project is not being executed as planned, they may need to intercede in order to correct the situation.

Question 9

phase gates

Answer 9

A phase-gate process is a project management technique in which an initiative or project is divided into distinct stages or phases, separated by decision points.