Project Management Approaches and Issues
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Questions and Answers

Which project management approach is most suitable when facing high uncertainty with numerous iterations and a mandatory delivery date?

  • Predictive approach
  • Hybrid approach (correct)
  • Agile approach
  • Kanban approach

When faced with an expired software license that halts project progress, what is the project manager's immediate next step?

  • Meet with the IT team to evaluate renewal speed. (correct)
  • Issue a formal complaint to the project sponsor.
  • Ask team members to find alternative calculation methods.
  • Instruct the team to fast-track other tasks.

What two actions should a project manager take after discovering a one-week delay in a task with external dependencies?

  • Review lessons learned from prior similar projects.
  • Update the risk log and address it in the client meeting. (correct)
  • Wait for the client to report the delay and gather information.
  • Gather detailed information and assess the impact. (correct)

After receiving a major change request that has been accepted by the change control board, what is the project manager's next step?

<p>Prepare a schedule to integrate the changes into the project. (C)</p> Signup and view all the answers

In a project with significant uncertainty and the need for adaptability, which methodology is least effective?

<p>Predictive approach (B)</p> Signup and view all the answers

What should be prioritized when a project's software has expired and tasks cannot proceed?

<p>Evaluate and renew the software license immediately. (B)</p> Signup and view all the answers

Which option best supports communication with stakeholders after identifying a task delay?

<p>Develop a detailed report highlighting the implications of the delay. (B)</p> Signup and view all the answers

What is a critical action to take when managing a project with many dependencies?

<p>Regularly update the risk log and communicate with stakeholders. (D)</p> Signup and view all the answers

Flashcards

Hybrid approach

Involves combining elements of predictive and agile approaches to handle uncertainty and allow for iterations while maintaining a structured timeline.

Agile approach

A method of project management that adapts to changing circumstances through iterative cycles, emphasizing collaboration and flexibility.

Kanban approach

A visual method for project management that emphasizes continuous workflow and focuses on visualizing progress and identifying bottlenecks.

Predictive approach

A traditional project management approach emphasizing planning and control, often used in projects with predictable requirements and high certainty.

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Change control board (CCB)

A formal process for documenting and managing changes to a project, including their impact and approval.

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Risk log

A record of potential risks that could affect a project, including their likelihood, impact, and mitigation strategies.

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Estimating impact

Involves assessing the potential consequences of a risk, including its impact on project goals and timelines.

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Gathering additional information

Involves collecting and analyzing information to understand the nature and extent of a risk, including its causes and potential solutions.

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Study Notes

Project Management Approaches and Issues

  • High Uncertainty Projects: A hybrid approach is suitable for projects with high uncertainty and iterative work because it balances the need for flexibility with the requirement to meet deadlines.
  • Software License Expiration: Prioritizing the renewal of software licenses is crucial. Meeting with the IT team to assess renewal timelines is the immediate action.
  • Project Delays & Risk Management: Project managers should gather information regarding delays, estimate impacts, and log the issue in risk management logs. It's important to inform stakeholders about the risk.
  • Change Requests & Impact Assessment: Project managers should evaluate the impact of approved change requests on the project management plan, ensuring all aspects are considered. Communication and team notification are secondary actions.

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Description

Explore various project management approaches and address common issues faced in high uncertainty projects. This quiz covers strategies for software license management, project delays, risk management, and the evaluation of change requests. Test your knowledge and enhance your project management skills.

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