Creating and Managing Successful Projects
A good business case document must be created after each project has been completed to convince the project beneficiaries that value has been created and transferred.?
FALSE
The TT in the common acronym ITTO stands for?
Tools and techniques
What does it mean to conduct a pre-mortem for a project?
“In a meeting with stakeholders and team members, you assume that the project has already failed and work backwards to identify possible causes”
Which of the following is not one of the four sublimes used to justify mega-projects?
Risk-seeking
____ is as important as preparing to manage the project
Ensuring the problem is well defined
When the output of a project is an intangible outcome e.G. Increasing efficiency at a manufacturing plant, it cannot be considered to be a true project.
FALSE
Establishing a reasonable business case before commencing a project can help ACHIEVE all of the following EXCEPT
The loudest voice or most powerful person gets their way at the end of the day
Which of the following pieces of information cannot be contained in a project charter?
A confirmed project budget
Of the roles listed below, select the one that is most powerful at the start of the project e.G. Best able to control early decisions made on a project.
Project sponsor
You are assigned to work on a new project, and you start it off with enthusiasm. Unfortunately,……..
Project back on track
Work with the project sponsor to create a project charter before any more work continues
Which of the following is NOT achieved with a project charter?
Legal contract backed by United States court system
A team member is a free-rider if they obtain benefits of the project without doing their fair share……… a free-rider in the project.
FALSE
An organization is embarking on a project to revamp their corporate website………..Which of the following parties is not a stakeholder to this project?
None of the above, these are all stakeholders.
“In project management, the project scope statement is first _____ and then the scope is then ______ into individual deliverables”
Composed – Decomposed
“The _______ has to do with the work to be done, while the ______ has to do with the features of the deliverable”
“project scope, product scope”
“While creating the project scope statement, it is most reasonable to set as broad and high a goal as possible. Like the saying goes, shoot for the moon, even if you fail you’ll land on a star.
FALSE
“The 8/80 Rule specifies that the labor required to complete a work package should be no more than 80 hours, no less than 8 hours (10 days to 1 day)”
TRUE
“In Microsoft Project, a milestone task always has a duration of ____”
Zero Days
There is a common saying “How do you eat an elephant? One bite at a time”. This idea best relates to what part of project management?
Creating a work breakdown structure
PBI Stands for
Personal Bargaining Inventory
Given how common it is for teams to work virtually on projects, the ________ is an important activity that can help set the tone and mark the commencement of a new project.
Launch meeting
One of the following statements is INCORRECT
It is unnecessary for the project sponsor to be present at the launch meeting
“To conduct effect team meetings, the first thing a good project manager does is ensure whether the meeting is necessary in the first place.”
TRUE
“It is really not part of the project manager s job to encourage bonds of friendship and trust as a way to make team-based work productive and stimulating. It could be a big hassle, and it has very little impact on project success.”
FALSE
Phases of TEAM DEVELOPMENT:
1) Forming 2) Storming 3) Norming 4) Performing 5) Adjourning
One of the following is TRUE about high performing teams
They are committed to HOW work is done, rather than focus only on WHAT is done
One of the following is NOT a theory of motivation and human resources from CAPM book Chapter 9
Watson’s Theory of Employee Performance
The lowest level in Maslow s Hierarchy of needs is
Physiological needs
What are the Four Sublimes?
Political, Technological, Economic, and Aesthetic
How does a three-point estimate work? What is the value of using a three-point estimate in project planning?
It calculates the expected value for the total project work time by using O= the best-case estimate, ML= the most likely estimate, and P= the worst-case estimate using these three measures and obtaining a mean and standard deviation.
Mean = (O+4ML+P)/6 Standard deviation = (P-O)/6
Arrange the following documents in the sequence they are likely to be executed:
1) Business Case 2) Project Charter 3) Project Scope statement 4) Project Schedule 5) Project Budget
What information should be contained in a good business case?
Reasons
Why the project was considered in the first place—its context. The problem or situation that initially led the organization to consider doing this project; the project’s background.
Options
The possibilities that were considered in response to the problem statement (Reasons), and their anticipated results.
Benefits and dis benefits
Benefits are the expected value to be delivered by the project, measurable whenever possible.
Timescale, Costs
the time and costs to bring the project to its natural conclusion; would include intermediate figures that might impact project success.
Major Risks and opportunities
The major threats and opportunities to the project.