Project Management

Question 1

Business Case

Answer 1

Propose course of action to senior management for consideration

Question 2

PlD

Answer 2

Project Initiation Document
Project goals
Scope
Project organisation
Business case
Constraints
Stakeholders
Risks
Project controls
Reporting framework
Sign-off

Question 3

Project Sponsor Role

Answer 3

Provide the finance for the project
Champion project to board & org.
Negotiate resources
Initial setting of constraints (sign-off)
Board decisions
Regular monitoring meetings (not day-to-day)
Provide guidance

Question 4

Project Manager Role

Answer 4

Below sponsor
Overall responsibility
Allocating resources
Controlling each activity
Monitoring triple constraints
Effective communication
Control project change process
Project administration (version control of documentation – IT & construction)

Question 5

Triple Constraints

Answer 5

Specification (quality)
Time
Cost (budget)

Question 6

Gateways

Answer 6

Milestones

Question 7

Project Board

Answer 7

Ensure business case justifies approval
Sign-off at various gateways
Top-level decision-making

Question 8

Project Team

Answer 8

Perform specific lbasis to specified standards & within allocated time

Question 9

Gant Chart

Answer 9

Illustrates deployment of resources over time

Question 10

Addressing Slippage in Project Management

Answer 10

1. Ask for more money
2. Ask for more time
3. Reduce scope
4. Reduce quality
   S. Reallocate resources with project