Project initiation & pre-study

Question 1

What does Ideation mean?

Answer 1

the process of forming ideas from conception to implementation, most often in a business setting.

From idea to project proposal

Question 2

What is the ideation process?

Answer 2

1. Identify/collect ideas
2. Classify ideas
3. Qualify/screen ideas
4. Prioritize ideas

Question 3

What is a business case?

Answer 3

Develop a business case: a basis for investment in the project, a
cost-benefit analysis in monetary value (NPV>0)

A business case is a project management document explaining how a project’s benefits outweigh its costs and why it should be executed. Business cases are prepared during the project initiation phase and their purpose is to include all the project’s objectives, costs and benefits to convince stakeholders of its value.

Question 4

What is a project charter?

Answer 4

Develop a project charter: a document that formally authorizes the existence of a project, gives an overview of the project foundations and specifications, and provides the project manager with the authority to apply organisational resources.

Project charter, a important document that signs off that the idea is becoming a project
a formal short document that states a project exists and provides project managers with written authority to begin work.

From the book: The project record. Underlying documentation for starting the project and specifying the preparation parameters, including the responsibilities and authorities of the project manager.

Question 5

Project charter components - 10 things

Answer 5

• Provide a background description
• Choose a title for the project
• Determine project owner and project manager
• Explain the purpose of the project (why?)
• Establish project goals and sub-goals (deliverables) (what?)
• Identify delimitations or project scope
• Determine timeframe, budget, and quality specifications and their relative priority
• Identify project key assumptions or preconditions
• Determine project success/impact measures
• Sign-off by project owner and project manager

Question 6

What is the scope?

Answer 6

What is part of the project, often described by the WBS

The scope is what needs to be done: More concrete requirements, a list
of deliverables including those from customers and project owner.