Introduction to Project Management Concepts

What is a key requirement for the initiation phase of a project?

Clear approval to start the project

Which plan is necessary to minimize disruptions and reduce the impact of risks during a project?

Risk management plan

What is an essential aspect of the execution management phase in a project?

Developing test plans and creating a dedicated test organization

Why is having candid/transparent reviews important in a project?

To minimize output function gaps Signup and view all the answers

What should be provided to stakeholders to minimize transition risk and noise in a project?

Structured communication of expected changes in post-delivery processes Signup and view all the answers

Which phase of the project lifecycle focuses on achieving efficient delivery plans?

Initiation phase Signup and view all the answers

What is the focus of the Construction phase in a project?

Implementing system changes Signup and view all the answers

In a rush situation where requirements change, what action should be taken during the Construction phase?

Pause to replan and adjust Signup and view all the answers

What is the purpose of testing during the project phases?

Validate planned benefits Signup and view all the answers

During the Testing phase, what type of test looks at the over-all flow and performance with planned and peak volumes?

Integration test Signup and view all the answers

What is the consequence of forgetting to review the planned benefits versus actual benefits after project stabilization?

Failure to validate promised savings Signup and view all the answers

What is the main purpose of project management?

To meet requirements efficiently in time, scope, and resources Signup and view all the answers

Which phase involves the formal switch to 'live' status in a project?

Implementation/Benefits Review/Go-Live phase Signup and view all the answers

What distinguishes a project from other work activities?

It is temporary, aiming for a unique result Signup and view all the answers

What is one key characteristic of each project phase?

Presence of tangible, verifiable work products at each phase Signup and view all the answers

What is the significance of checking the Summary Definition of a project?

To confirm the project's temporary nature and unique goal Signup and view all the answers

What distinguishes a project from an operation?

A project delivers unique outputs while an operation produces recurring outputs Signup and view all the answers

What is the main purpose of delivering a project?

To deliver the requirements of the goal Signup and view all the answers

Which of the following best describes the essence of project phases?

Sequence of approval, design, construction, and testing Signup and view all the answers

In the context of project planning, what is the significance of having a plumbing plan before building a house?

It can lead to delays and increased costs during construction Signup and view all the answers

Why is the concept of 'progressive elaboration' important in projects?

To incorporate multiple steps to complete the output Signup and view all the answers

Which phase in Project Management involves using tools and techniques to deliver the project?

Execution Signup and view all the answers

Why is it essential to have formal sign-off and performance reviews at the end of each phase?

To verify the deliverables and review the performance for that phase Signup and view all the answers

What is the purpose of the 'feasibility phase' in a project?

To define the scope of the project Signup and view all the answers

How does project management contribute to successful project delivery?

By applying tools/techniques in meeting requirements effectively Signup and view all the answers

Why is homeowner approval of an electrical plan important for a project?

To ensure the safety of the electrical installations Signup and view all the answers

How can adding 110-volt outlets beside every 220-volt outlet impact a project's cost and time?

It increases costs and delays project completion Signup and view all the answers

What would be the impact of deciding to install a box-type 5-horsepower air conditioner package in 3 areas on a project's cost and time?

Significant increase in both cost and time Signup and view all the answers

Why is it essential to have a formal or written approval during the 'feasibility phase' of a project?

To avoid delays and misinterpretations Signup and view all the answers