What are the five criteria for a successful project? - ANSWER Time, cost, quality, risk & benefits
Project Management - ANSWER The application of processes, methods, knowledge, skills and experience to achieve the project objectives
Programme Management - ANSWER The coordinated management of ...
APM PMQ Exam revision Bok7 2023 Complete Questions & Answers!!
What are the five criteria for a successful project? - ANSWER Time, cost, quality, risk & benefits
Project Management - ANSWER The application of processes, methods, knowledge, skills and experience to achieve the project objectives
Programme Management - ANSWER The coordinated management of projects and change manage activities to achieve beneficial change
Benefits Management - ANSWER The identification, definition, planning, tracking and realisation of business benefits
Project Context - ANSWER Refers to the environment within which the project is undertaken
Stakeholder Management - ANSWER The systematic identification, analysis, planning and implementation of actions designed to engage with stakeholders
Project Life Cycle - ANSWER The inter-related phases of a project, programme or portfolio, it provides a structure for governing the progression of work
Project Reviews - ANSWER Reviews take place throughout the project life cycle to check the likelihood of achieving the objectives specified in the PMP and the benefits detailed in the business case
The Business Case - ANSWER Provides justification for undertaking a project or programme. It evaluates the benefits, cost and risk of alternative options and provides reasoning behind the preferred solution
Organisational Roles - ANSWER Are the roles performed by individuals or groups in a project. Both roles and responsibilities within projects must be defined to address the transient and unique nature of projects and to ensure clear accountabilities can be assigned
Project Sponsor - ANSWER is an important senior management role. The sponsor is accountable for ensuring that the work is governed effectively and delivers the objectives that meet the identify needs. The Project Management Plan - ANSWER A document used to coordinate all project planning documents, it is the reference document for managing the project. It is an output of the definition phase
Scope Management - ANSWER A process whereby outputs, outcomes and benefits of the project are identified, defined and controlled.
Requirements management GAJB
Scope development PBS-WBS
Configuration management PICSAVA
Change Control RRADI 0
Scheduling - ANSWER The process used to determine the overall project duration and when activities and events are planned to happen.
Schedule Management: ICECAP
Resource Management - ANSWER The acquisition and deployment of the internal resources required to deliver the project
Project Risk Management - ANSWER Is a process that allows individual risk events and
overall project risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities
Project Quality Management - ANSWER Is a discipline for ensuring the outputs, benefits and the processes by which they are delivered, meet stakeholder requirements and are fit for purpose.
PACCIFY
Change Control - ANSWER Is the process through which all requests to change the baseline scope of a project are captured, evaluated and then approved, rejected or differed
Issue - ANSWER Occurs when the tolerance of delegated work are predicted to be exceeded or have been exceeded. This triggers and escalation of the issue from one level of management to the next in order to seek a solution
Configuration Management - ANSWER Comprises the administrative activities concerned with the creation, maintenance, controlled change and quality control of the scope of work.
PICSAVA
Information Management - ANSWER Is the collection, storage, dissemination, archiving and destruction of information. It enables teams and stakeholders to use their time, resource and expertise effectively to make decisions and to fulfil their roles
Procurement - ANSWER Is the process by which products and services are acquired from an external provider for incorporation into the project Communication - ANSWER The means by which information or instructions are exchanged
Teamwork - ANSWER A group of people working together towards a common goal
Leadership - ANSWER The ability to establish vision and direction, to influence and align others towards a common purpose and to empower and inspire people to achieve project success
Handover and Closure - ANSWER During this phase, deliverables are handed over to the sponsor and users. Closure is the process of finalising all project matters, carrying out final project reviews, archiving project information and redeploying the project team
Project variables/constraints - ANSWER Time
Cost
Quality
Risk
Benefit
Scope
Benefits of project management - ANSWER Improved project communication
Effective resource management
Better delivery of results
Facilitates risk-taking
Lessons learned
Improved governance
Challenges of project management - ANSWER Bureaucracy
Limits creativity
Threatens existing organisation structure
Complex interrelationships
Project management capability
Project management methods ?? - ANSWER Documentation templates
Governance guidelines
Role definitions
Project management procedures
Guidelines on application
Project management procedures
Core processes of programme management - ANSWER Project co-ordination
Holistic Risk
Prioritising projects
Speed up/slow down projects
Benefits focused Stakeholder management/communication
Supports strategic change
Roles and responsibilities of programme management ? - ANSWER Initiate, prioritise and terminate projects
Manage project and BAU interdependencies
Manage resources and conflicts
Manage risks, issues and changes
Define and realise the strategic benefits
Benefits of programme management - ANSWER Prioritisation of individual projects
Resource management
View of interdependencies
Ability to manage risks issues and changes
Effective communication/consistent reporting
Alignment with programme objectives
Challenges of programme management - ANSWER Unclear organisation/scope
High number of stakeholders
Lack of clear requirements
Key activities in portfolio management - ANSWER Segmentation
Select and prioritise
Assess progress
Review and reporting
Benefits management
Benefits of portfolio management - ANSWER Maintaining a balances and aligned portfolio
Holistic overview of risks, dependencies, and scheduling
Cost reduction
Efficient utilisation of resources
Better coordination and control
Organisational structure levels - ANSWER External
Sponsorship
Management
Delivery
(Administrative support and assurance sit alongside)
Benefits of matrix organisation structure - ANSWER Increased share learning
Global resources pool available
Facilitates resources sharing
Consistent methodology in organisation
Flexible for differen projects.
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