Project Lifecycle Flashcards
What are the phases of a project life cycle, extended project lifecycle, and full product lifecycle?
- Concept
- Definition (project lifecycle)
- Development
- Handover and Closure
- Benefits Realisation |(Extended project lifecycle)
- Operation
—- Termination (Full produce lifecycle)
All benefits are measurable. Is this statement true or false?
True
What is the definition of a project life cycle?
A life cycle defines the interrelated phases of a project, programme or portfolio and provides structure for governing the progression of work
What 2 key questions must be answered in the concept phase?
- Is this project viable?
2. Is it definitely worth investing resources into this project?
A generic sequence of project lifecycle phases could include
a. Concept, Definition, Development, Handover and Closure
b. Starting, Organising, Reporting, and Close-out
c. Concept, Feasibility, Development, and Operations
d. Starting, Organising, Schedule Analysis, Implementation and Handover
a
A generic lifecycle must have a phase that represents the start/concept or idea of the project, a phase to define or plan the work, a phase to develop or build the products, and a phase to hand over those deliverables to the business before disbanding
One of the main purposes of defining a project life cycle into phases it to
a. Break the work into manageable sections in terms of effort and size
b. Ensure that processes are properly implemented
c. Ensure that the workforce is certain of their individual roles
d. provide a means of producing overall project cost
a
It’s easier to estimate and manage smaller pieces of work
The key decision making points that occur during the project lifecycle could be called all of the following except
a. Phase Ends
b. Go/no go decisions
c. Benefits Realisation reviews
d. Stage gates
c
Benefits Realistation Reviews occur after project deliverables have been transitioned into BAU in the last phase of the projecgt
The key end results from the development phase of the project lifecycle is/are
a. Business Case
b. Project management plan
c. Need statement
d. Product
d
Development is the phase the products are being built or developed
A project stage or phase normally ends with
a. Handover of a section of the project
b. A post phase review
c. Development of a new business case
d. A gate review
d
A gate review is where a go/no-go decision is made as to whether continue with the remainder of the project: is the project still viable.
