Project Planning Flashcards
List the Typical Contents of a PMP
The PMP should answer:
Why - (answered in the BC)
What - (Scope which is refined in the lead up to the project)
When - (a timeline or schedule)
Who - (OBS with Responsibilities reporting lines and role descriptions
Where - (Project location)
How - Management strategy for the project (procurement, risk, cost etc.)
briefly explain the relationship between the deployment baseline and the development of a PMP in linier and iterative lifecycles
In a linear lifecycle, the baseline is established at the end of development, while in an iterative lifecycle, the baseline is established earlier and updated more frequently.
Similarly, in a linear lifecycle, the PMP is developed early and updated periodically, while in an iterative lifecycle, the PMP is developed iteratively and updated frequently to reflect changing project conditions.
Explain the importance of producing a PMP
Provides a roadmap for the project team to follow throughout the project’s lifecycle.
Helps to ensure that everyone involved in the project is aware of their roles and responsibilities, the project’s objectives and constraints, and the project’s timeline and budget.
Serves as a reference point for measuring progress and evaluating the success of the project.
By producing a PMP, project managers can improve communication, minimize risks, and increase the likelihood of successfully completing the project on time, within budget, and to the satisfaction of stakeholders.
What are the benefits to creating an affective communications plan?
Most appropriate method is used
focused comms with stakeholders
Consistent comms
Good adherence to to the organisations standards
List several different types of factors that can influence communication
Jargon (good with glossary, not without)
Organisational hierarchies (good to mentor, may be intimidating)
Time zones (good when working hours, bad when not)
Physical and environmental aspects of location (hot and loud)
Planning of communication (who gets what)
explain the relationship between stakeholder analysis and an affective communication plan
Helps to identify stakeholders and their communication needs, interests, and expectations.
Outlines how the team will communicate with stakeholders to keep them informed and engaged.
Helps develop an understanding of the stakeholders’ preferences.
Help build and maintain positive relationships, improve engagement, and increase project success.
Explain two benefits of risk management to the sponsoring organisation
Two benefits of risk management to the sponsoring organization:
Improved decision-making: helps the organisation to make informed decisions by identifying potential risks and assessing their likelihood and impact. The organisation can make better decisions on how to manage the project, reducing the likelihood of costly mistakes and project failures.
Increased stakeholder confidence: By demonstrating a proactive approach to risk management, the organisation can show stakeholders that it is committed to delivering a successful project. This helps to build trust and improve relationships with stakeholders, which can be beneficial for future projects.
List the 5 stages of risk management
Initiate
Identification
Analysis (probability and impact)
Response (proactive and reactive)
Closure
Explain two reasons for a robust risk management process
A robust risk management process is essential for successful project management. Here are two reasons why:
Minimize the impact of potential risks: By identifying potential risks early on and developing strategies to mitigate those risks, a robust risk management process can help minimize the impact of those risks on the project. This can help prevent delays, cost overruns, and other negative impacts that can affect the project’s success.
Improve decision-making: A robust risk management process provides project managers with the information they need to make informed decisions. By identifying potential risks and their likelihood and impact, project managers can make decisions about how to allocate resources, adjust schedules, and manage project risks. This helps ensure that the project is delivered on time, within budget, and to the required quality.
Overall, a robust risk management process is essential for successful project management. By identifying potential risks early on and developing strategies to mitigate those risks, project teams can minimize the impact of those risks and ensure that the project is delivered on time, within budget, and to the required quality.
Explain the proactive and reactive responses to risk (such as avoid, reduce, transfer or accept and exploit, enhance, share and reject)
Proactive responses to risk include:
Avoid: Taking action to eliminate the risk or avoid the activity that may lead to the risk.
Reduce: Taking steps to reduce the likelihood or impact of the risk.
Transfer: Shifting the risk to a third party, such as through insurance or outsourcing.
Accept: Acknowledging the risk and deciding to live with it.
Reactive responses to risk include:
Exploit: Taking advantage of the opportunity presented by the risk.
Enhance: Taking steps to increase the likelihood or impact of the risk.
Share: Collaborating with others to share the risk.
Reject: Refusing to accept the risk and terminating the project or activity.
explain the benefits of risk management
Minimizes project surprises and negative consequences
Improves project decision making
Enhances project quality
Increases stakeholder confidence
Reduces project costs and schedule overruns
Explain the key aspects of issue management.
Identifying potential issues that could impact project outcomes
analyzing their potential impact
taking action to address them in order to remove or minimize the threat that they pose.
The goal of issue management is to ensure that project issues are identified and addressed in a timely and effective manner to minimize their impact on the project’s success.
Explain the role of contingency planning in projects
developing a plan of action to address unforeseen events that may impact the project’s success.
Minimizes delays, budget overruns, or quality issues, by identifying and preparing for potential risks in advance.
Explain what is meant by quality planning
defining quality standards, developing a plan to meet them, assigning responsibilities, establishing metrics, and implementing the plan to ensure a project or product meets required standards and expectations.
Differentiate between quality control and quality assurance
Quality control (QC) is a process that focuses on detecting and correcting defects or errors in a product or service, while quality assurance (QA) is a process that focuses on preventing defects or errors before they occur.
In other words, QC is reactive and involves testing and inspection of products or services to ensure they meet the desired level of quality, while QA is proactive and involves implementing processes and procedures to prevent defects or errors from occurring in the first place.