Program Phases Flashcards
What are the 5 phases of program management?
- Initiation,
- Planning,
- Execution,
- Monitoring & Controlling,
- Closure.
What happens in the Initiation phase?
The project is defined at a high level, objectives are set, and key stakeholders are identified.
What is the purpose of the Planning phase?
To develop a roadmap, identify resources, set timelines, and plan for risks.
What is done during the Execution phase?
Tasks are assigned, resources are managed, and deliverables are produced. This phase focuses on carrying out the plan.
What happens in the Monitoring & Controlling phase?
Progress is tracked against KPIs, deviations are addressed, and adjustments are made to ensure goals are met.
What is the purpose of the Closure phase?
To formally complete the project, hand off deliverables, and capture lessons learned for future programs.
What is the role of a Program Manager in the Initiation phase?
To define the scope, create the project charter, and identify key stakeholders and risks.
How is success measured during the Monitoring & Controlling phase?
Success is measured by tracking performance against KPIs, staying on budget, and hitting deadlines.
What tools are commonly used in the Planning phase?
Gantt charts, resource allocation matrices, risk management plans, and work breakdown structures (WBS).
What is the critical path in project management?
The sequence of tasks that determines the shortest possible project duration. Delays on the critical path will delay the project.
What is a Program Roadmap or Program Execution Plan?
A program roadmap is a high-level, strategic document that outlines the overall direction, timelines, and key milestones of a program. It serves as a communication tool to align stakeholders, track progress, and ensure that all parts of the program are moving toward the same goals.
