Prince 1

Question 1

What do we call “projects” that are repeated.

Answer 1

Processes.

Question 2

Definition of project

Answer 2

A project is a temporary organization that is created for the purpose of delivering one or more business products according to an agreed business case.

Question 3

What do we call “projects” that go on forever?

Answer 3

Operations.

Question 4

Administrating a project includes: (4)

Answer 4

Planning, delegating, monitoring and controlling the project.

Question 5

The role of the project manager is to acheive objectives within: (6)

Answer 5

Time, cost, quality, scope, benefits and risk

Question 6

What are the five characteristics of a project?

Answer 6

Induces change, temporary, cross-functional, unique, uncertainty.

Question 7

What is prince?

Answer 7

A generic method for project management.

Question 8

What are the 7 Prince principles?

Answer 8

1 - Continued business justification
2 - Learn from experience
3 - Defined roles and responsibilities
4 - Manage by stages
5 - Manage by exception
6 - Focus on products
7 - Tailor to suit the project environment

Question 9

What are the six performance targets?

Answer 9

Timescales, cost, quality, scope, benefits and risk. TeCQuila SoBeR

Question 10

What are the 4 prince elements?

Answer 10

Principles (there are 7), themes (what must continually be addressed), processes (what products are to be created an when), tailoring.

Question 11

What is the main objective for the project manager?

Answer 11

Monitoring how well work is going according to the project plan.
Also monitoring the 6 variables.
Also solve issues.
Also speed up project if possible.

Question 12

Who creates the project mandate?

Answer 12

Someone outside the project team. Someone from the Corporate or Programme Management.

Question 13

Starting up a project (SU) is a process and has 3 outputs:

Answer 13

• Project brief (contains outline of business case)
• Initiation Stage plan (plan for initial stage)
• Project product description

Question 14

What is authorize initiation?

Answer 14

The first decision of the project board, whether to allow the initiation stage to start. They ask themselves: Is the project valuable, viable and acheivable.

Question 15

What is the first stage of a project, and what is the action prior to that stage?

Answer 15

Initiation Stage (requires authorize initiation by the project board).

Question 16

What are the 6 outputs from the initiation stage?

Answer 16

1 - 4 x strategy documents (risk, quality, configuration, and communication management).
2 - Business case (responsibility by the excecutive)
3 - Project plan
4 - Product descriptions
5 - Project controls
6 - Roles and responsibilities / team structure

Question 17

One of the outputs from the initiation stage is the business case. What does the business case include?

Answer 17

Overview of risks, benefits, ROI.

Question 18

What are the objectives of a stage boundary process? (4)

Answer 18

Prepare the following info to the project board: End stage report, update business case and project plan with actuals to date, next stage plan, benefits review plan.

Question 19

What are the objectives of close project process? (3)

Answer 19

• Update project plan to show what has been delivered and approved.
• Hand over products
• Check if benefits have been realized (benefits review plan)