Project Management Framework & Processes Part 2 Flashcards
1
Q
- many Projects may be spawned
- Cost and staffing levels are low at the start, peak in the intermediate phases and drop rapidly as the project closes
A
Product’s Life Cycle
2
Q
- depends on the industry
- IT: Requirement Analysis, Design, Implementation, Testing and Deployment
Construction: Feasibility, Planning, Design, Production, Turnover and Startup
A
Project Life Cycle
3
Q
plan - do - act - check
A
Project Management Processes
4
Q
Process Groups
A
- Initiating Process Group
- Planning Process Group
- Executing Process Group
- Monitoring and Controlling Process Group
-Closing Process Group
5
Q
Knowledge Areas
A
- Project Integration Management
- Project Scope Management
- Project Schedule Management
- Project Cost Management
- Project Quality Management
- Project Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
6
Q
Initiate project for planning
Provide Project Charter (which gives authority to the Project
Manager)
A
Intiating
7
Q
Complete the project work as per the PM plan
A
Executing
8
Q
Measure project performance against the PM plan
A
Monitoring and Controlling
9
Q
Do formal closure of project
Includes Product verification
Documenting Lessons Learned is also required
A
Closing
10
Q
A detailed project schedule can be created only after
creating the:
a. Project budget
b. Work breakdown structure
c. Project management plan
d. Detailed risk assessment
A
b. Work breakdown structure
