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Questions and Answers
Which methodology focuses on iterative development and customer collaboration?
Which methodology focuses on iterative development and customer collaboration?
What is NOT a key component of the project management plan?
What is NOT a key component of the project management plan?
In project scope management, which activity involves breaking down project deliverables into smaller components?
In project scope management, which activity involves breaking down project deliverables into smaller components?
Which option best describes the purpose of a project charter?
Which option best describes the purpose of a project charter?
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During which process group is performance measurement baselines established?
During which process group is performance measurement baselines established?
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Which methodology is characterized by its focus on reducing waste and improving processes?
Which methodology is characterized by its focus on reducing waste and improving processes?
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What does the project governance structure typically outline?
What does the project governance structure typically outline?
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What is included in the project scope management process?
What is included in the project scope management process?
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What is the primary purpose of progress reports in project management?
What is the primary purpose of progress reports in project management?
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Which component of project management is focused on the standards of deliverables?
Which component of project management is focused on the standards of deliverables?
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In project risk management, which activity involves determining risk handling processes?
In project risk management, which activity involves determining risk handling processes?
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What is primarily assessed through variance calculations in progress reports?
What is primarily assessed through variance calculations in progress reports?
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Which skill is important for enhancing team performance through feedback?
Which skill is important for enhancing team performance through feedback?
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Which of the following activities is NOT part of project resource management?
Which of the following activities is NOT part of project resource management?
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What does earned value analysis help to measure in a project?
What does earned value analysis help to measure in a project?
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Which type of communication skill involves managing expectations?
Which type of communication skill involves managing expectations?
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Flashcards
Plan Cost Management
Plan Cost Management
The process of defining how to manage project costs.
Estimate Costs
Estimate Costs
Determining the expected cost of project activities.
Determine Budget
Determine Budget
Setting the overall financial plan for the project.
Control Costs
Control Costs
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Plan Resource Management
Plan Resource Management
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Estimate Activity Resources
Estimate Activity Resources
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Progress Reports
Progress Reports
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Forecasting & Trend Analysis
Forecasting & Trend Analysis
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Project Management Plan
Project Management Plan
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Project Charter
Project Charter
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Project Scope Management
Project Scope Management
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Work Breakdown Structure (WBS)
Work Breakdown Structure (WBS)
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Project Schedule Management
Project Schedule Management
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Project Cost Management
Project Cost Management
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Project Integration Management
Project Integration Management
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Project Deliverables
Project Deliverables
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Study Notes
Professional Practice & Standards - Week 3
- Topics covered in this week's lecture include various project management methodologies, process groups, project integration management, project scope management, project schedule management, project cost management, project quality management, project resource management, project communications management, project risk management, project procurement management, project stakeholder management, and project environmental management.
Methodologies
- Project Management Body of Knowledge (PMBOK) Guide, 6th Edition, is a critical resource for project management practitioners
- Different methodologies include:
- PMBOK Guide
- Waterfall
- Critical Path Method (CPM)
- Agile
- Extreme Programming (XP)
- Lean
- Six Sigma
- PRINCE2
Process Groups
- Project management follows a cyclical process involving sequential process groups:
- Initiating
- Planning
- Executing
- Monitoring & Controlling
- Closing
Project Integration Management
- Core activities include developing the project charter, creating the project management plan, managing the project work, and managing the project scope.
- Balancing of project goals, including time, quality, and cost, are central to successful project management.
Project Scope Management
- Key activities include planning scope management, collecting requirements, defining scope, creating a work breakdown structure (WBS), and validating scope and controlling scope.
Project Schedule Management
- Activities include planning schedule management, defining activities, sequencing activities, estimating activity resources, estimating activity durations, developing the project schedule, and controlling the schedule.
Project Cost Management
- Essential actions are planning cost management, estimating costs, determining the budget, and controlling costs.
Project Quality Management
- Includes planning quality management, managing quality, and controlling quality. Various tools like cause-and-effect diagrams, flowcharts, checksheets, Pareto diagrams, histograms, scatter diagrams, and control charts support the quality management process.
Project Resource Management
- Covers planning resource management, estimating activity resources, acquiring, developing, managing, and controlling resources.
Project Communications Management
- Critical activities include planning communications management, managing communications, and monitoring communications.
- Communication patterns, including those involving the number of people in a project and communication channels, become more complex as the number of people rises.
Project Risk Management
- Key activities involve planning risk management, identifying risks, performing qualitative risk analysis, performing quantitative risk analysis, planning risk responses, implementing risk responses, and monitoring risks.
- Effective risk management involves identifying, analysing, and responding to potential threats and opportunities that can impact project success.
Risk Plan and Identification
- Covers several processes, including stakeholder risk tolerance, business motivations, status meetings, risk identification approach, risk categorisation, and risk registers.
Risk Analysis
- Qualitative analysis assesses risks subjectively, based on likelihood and impact. Quantitative analysis quantitatively assesses risks to determine which risks should be prioritised.
Risk Response
- Strategies for responding to risks include avoiding, mitigating, deflecting, accepting, enhancing, sharing, and ignoring risks.
Project Procurement Management
Covers planning procurement planning, conducting procurements, and controlling procurements.
Project Stakeholder Management
- This comprises identifying stakeholders, planning stakeholder engagement, managing stakeholder engagement, and monitoring stakeholder engagement.
Stakeholder Mapping
- Understanding stakeholder influence and involvement is essential in project management and is often graphically represented through stakeholder mapping.
Project Environmental Management
- Activities include planning environmental management, identifying potential impacts (environmental impact assessments), assessing environmental values, and controlling mitigation efforts.
Progress Reports
- Deliver clear, concise project updates that communicate essential project information, typically with graphics.
Forecasting and Trend Analysis
- Techniques, such as earned value charts, help estimate project completion timelines and costs and measure project completion progress.
Communication Skills
- Effective project managers demonstrate several communication-related skills, including listening, questioning, educating, summarizing, and negotiating.
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Description
This quiz covers the key topics within project management methodologies and process groups as discussed in Week 3 of Professional Practice & Standards. It addresses various approaches such as PMBOK, Agile, and Lean, as well as core aspects like project integration and risk management. Test your understanding of these essential components in project management.
