Preparing for the Project & Selecting the Project Framework Flashcards
Phase that occurs before the project starts.
a) concept phase
b) initiation phase
c) planning phase
Concept or Discovery Phase
Phase when the Official project work starts
a) concept phase
b) initiation phase
c) execution phase
Initiation Phase
Phase where The team will define all the activities they need to complete and a good activity sequence.
a) concept phase
b) initiation phase
c) execution phase
Planning Phase
Phase where The team delivers work
a) concept phase
b) initiation phase
c) execution phase
Execution Phase
Phase where The project is winding down
a) concept phase
b) closing phase
c) execution phase
Closing Phase
a brief synopsis of the rest of the business case.
a) executive summary
b) problem analysis
c) project definition
Executive Summary
shares more details about a problem
a) problem statement
b) problem analysis
c) project definition
Problem Statement
provides more context about why the project should be a priority.
a) executive summary
b) problem analysis
c) project definition
Problem Analysis
several approaches to solving a problem
a) options
b) recommendation
c) concepts
Options
additional relevant information about the proposed project.
a) executive summary
b) problem analysis
c) project definition
Project Definition
covers the relevant economic impacts of the project.
a) financial overview
b) project definition
c) executive summary
Financial Overview
narrows down the options to the best solution and justifies why this approach is the best business case.
a) options
b) recommendation
c) concepts
Recommendation
visualizes when a project will eliminate process steps or handoffs.
a) data flowchart
b) fish diagram
c) process flowchart
process flowchart
when a process must repeat a previous step, usually resulting from an error
a) rebase
b) loop
c) retask
loop
(Net Profit / Cost) x 100
or
(Revenue - Cost) / (Cost) x 100
or
(Financial Value - Project Cost) / (Project Cost) x 100
ROI
the money generated or explicitly saved due to the project.
a) profit
b) revenue
c) benefit
Benefit
represents all the money spent on this project.
a) cost
b) revenue
c) benefit
Cost
factors that you state as true
a) risks
b) assumptions
c) assets
assumptions
events that you think could happen.
a) risks
b) assumptions
c) assets
Risks
how the organization impacts the natural world.
a) governance factors
b) environmental factors
c) social factors
Environmental Factors
how the company develops relationships and treats people, including employees, people in the community, and groups impacted by the company’s products and services.
a) governance factors
b) environmental factors
c) social factors
Social Factors
how the company operates, including its policies, transparency, and structure.
a) governance factors
b) environmental factors
c) social factors
Governance Factors
work that is routine, predictable, and repetitive.
a) functional work
b) operational work
c) project work
Operational work
work that accomplishes something new.
a) functional work
b) operational work
c) project work
Project Work
this structure divides the organization by areas of expertise or specialization.
a) matrix organization
b) directive organization
c) functional organization
Functional Organization
this position retains the budget and people management responsibilities in a functional organization.
a) functional manager
b) project manager
c) program manager
functional manager
in this structure individuals still report upward in the functional hierarchy, but they also report horizontally to one or more project managers.
a) matrix organization
b) directive organization
c) functional organization
matrix organizational structure
In this matrix, The functional manager retains all budget and staff management responsibilities.
a) weak matirx
b) equal matrix
c) strong matrix
Weak Matrix