Project Managment With Prince2 Flashcards

1
Q

What is a project?

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What distinguishes a project from BAU

A
Change
Cross functionality
Unique 
Temporary
Uncertainty
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

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

A
Cost
Timescale 
Risk 
Scope 
Quality 
Benefits
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is scope

A

What will the project deliver

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is scope creep

A

When pm delivers beyond the project scope it is uncontrolled change

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the four main things a project manager does

A

Plan
Delegate
Control
Monitor

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Define a programme

A

Group of related products

Temporary flexible organisation structure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Define portfolio

A

Collection of programmes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is a Key performance indicator

A

Indicates if project is going to plan or not

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Lagging indicator

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Leading indicators

A

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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly