Podcast
Questions and Answers
What is crucial when checking means-ends relationships in objective tree analysis?
What is crucial when checking means-ends relationships in objective tree analysis?
Which step is NOT part of the Alternatives Development Process?
Which step is NOT part of the Alternatives Development Process?
What best characterizes a Project Alternative?
What best characterizes a Project Alternative?
In Alternatives Analysis, which of the following factors is NOT typically compared?
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?
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?
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?
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?
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?
In aligning projects with strategy, what should be quantified?
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What is the main focus for the project delivery team?
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.
