Project Managment With Prince2

Question 1

What is a project?

Answer 1

Temp organisation created for the purpose of delivering one or more business products according to business case

Question 2

What distinguishes a project from BAU

Answer 2

Change
Cross functionality
Unique 
Temporary
Uncertainty

Question 3

What do you want to control in any product? (6)

Answer 3

Cost
Timescale 
Risk 
Scope 
Quality 
Benefits

Question 4

What is scope

Answer 4

What will the project deliver

Question 5

What is scope creep

Answer 5

When pm delivers beyond the project scope it is uncontrolled change

Question 6

What are the four main things a project manager does

Answer 6

Plan
Delegate
Control
Monitor

Question 7

Define a programme

Answer 7

Group of related products

Temporary flexible organisation structure

Question 8

Define portfolio

Answer 8

Collection of programmes

Question 9

What is a Key performance indicator

Answer 9

Indicates if project is going to plan or not

Question 10

Lagging indicator

Answer 10

Measured performance that follows events, tracks how well actual performance went and if it went as expected

Question 11

Leading indicators

Answer 11

Measures progress before events, allows management to track if project is on track to achieve expected performance