Questions and Answers
What is crucial when checking means-ends relationships in objective tree analysis?
Which step is NOT part of the Alternatives Development Process?
What best characterizes a Project Alternative?
In Alternatives Analysis, which of the following factors is NOT typically compared?
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What action is suggested if an objective is found to be unsuitable during the means-ends relationship check?
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What factor is NOT typically assessed in a pre-feasibility study?
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Which component is crucial for determining the viability of a project in the pre-feasibility study?
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Which of the following criteria does NOT belong to the ranking criteria established for project prioritization?
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In aligning projects with strategy, what should be quantified?
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What is the main focus for the project delivery team?
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Study Notes
Objective Tree Analysis
- Reformulate negative problem statements into positive and achievable objectives.
- Validate means-ends relationships to ensure a complete hierarchy.
- Revise existing objective statements and add or remove objectives as needed.
Alternatives Analysis
- A method to evaluate various options for executing project tasks.
- Involves assessing operational costs, risks, effectiveness, and capability shortfalls.
- Project Alternatives provide alternative cost, schedule, resource, and risk combinations to meet the same outcomes.
Implementation of Alternatives Development Process
- Identification of available alternatives.
- Comparison of alternatives based on relevant criteria.
- Selection of the most suitable alternative.
Project Strategy Alignment
- Align projects with overall strategy to enhance value.
- Balance project load with delivery capabilities.
- Focus on achieving business benefits through project management.
Project Prioritization Process
- Establish ranking criteria such as efficiency, changeability, sustainability, coordination, and manageability.
- Ensure effective resource allocation based on project rankings.
Pre-Feasibility Study
- Conduct a preliminary systematic assessment of critical project components such as technologies, costs, and environmental impacts.
- Validate project feasibility through a comprehensive review.
Contents of a Pre-Feasibility Study
- Executive summary outlining key findings.
- Introduction detailing project context and objectives.
- Analysis of data related to project scope.
- Identification of the project and its intended objectives.
- Financial analysis to assess viability and funding requirements.
- Implementation arrangements for practical execution.
- Risk assessment to identify potential challenges.
- Conclusions and recommendations based on insights gathered.
Stages of Project Development
- Define the project scope and objectives.
- Choose an appropriate implementation strategy.
- Estimate project costs accurately.
- Identify and mitigate associated risks and leverage opportunities.
- Allocate necessary resources effectively.
- Establish criteria to evaluate project success.
- Ensure sustainability through planning.
- Implement the project according to the developed plan.
- Manage changes and address variances during execution.
- Test project outcomes against success criteria before acceptance or rejection.
Planning Tools
- Utilize various analysis tools including problem, stakeholder, objectives, alternatives, and strategies analysis.
Problem Identification
- Conduct Problem Tree Analysis to visualize the relationships of causes and effects related to core issues.
- Steps include listing problems, identifying the core issue, differentiating causes from effects, and organizing them hierarchically.
Stakeholder Analysis
- Identify stakeholders in advance and categorize them by interest, influence, and participation level.
- Determine optimal ways to engage and communicate with each stakeholder group throughout the project lifecycle.
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Description
This quiz explores the steps involved in Formulating Objective Tree Analysis. Participants will learn how to reformulate negative statements into positive objectives and check the validity of means-ends relationships. Test your understanding of this essential technique for effective problem-solving and planning.
