FPM WEEK 2 - Scenarios

A project team is tasked with selecting a project to align with the organization's strategic goals. After collecting several options, stakeholders are struggling to prioritize. What is the most effective approach?

A business case identifies a critical opportunity to implement a new quality improvement system. During project selection, the organization is unsure if resources will be sufficient. What should the team focus on during resource allocation?

An organization is considering two projects: one with a higher ROI but longer payback period and another with lower ROI but immediate payback. What should the project selection decision prioritize?

A virtual conference project is under consideration. The weighted scoring method shows the "pre-recorded" option scoring higher, but the NPV of the "live streaming" option is better. What should the team do next?

A team uses SWOT analysis to evaluate a project. They identify strong internal capabilities but significant external threats. How should the team address this during project initiation?

During a project kickoff meeting, a stakeholder argues that project objectives are unclear. What document should the project manager present to clarify the objectives?

A project's business case outlines benefits that will be realized over four years. However, the payback period is longer than the organization's acceptable threshold. What should the project manager do?

A stakeholder suggests including a feature in a project that will improve customer satisfaction but requires additional funding. The project manager identifies this as a possible constraint. What is the best course of action?

A project manager is tasked with creating a benefits management plan. One of the stakeholders argues that benefits realization should not be monitored after project closure. How should the project manager respond?

A project charter lists a constraint that bandwidth issues may affect the virtual conference platform. During planning, the team identifies new tools that could mitigate this constraint. What should the project manager do?

A product roadmap outlines high-level goals but lacks specific features or timelines. How should the project manager proceed to ensure alignment with strategic objectives?

The organization is hesitant to approve a project charter because the development approach is unclear. What should the project manager do?

A project manager is using a decision tree to evaluate two project options. One project has higher monetary outcomes but significant risks, while the other has lower outcomes but minimal risks. How should the project manager proceed?

During project selection, one initiative has a positive NPV but a payback period exceeding the acceptable threshold. What should the project team prioritize in their analysis?

The product vision for a new website project includes reaching a global audience. During the product roadmap phase, the team identifies limited resources for translation services. How should the project manager address this?

A project charter specifies a tight schedule for delivering a virtual conference platform. During execution, the team realizes the constraints are impacting quality. What should the project manager do?

A project kickoff meeting reveals that stakeholders have conflicting expectations about project deliverables. What should the project manager do?

A benefits management plan identifies metrics for measuring success but lacks specific timeframes. What should the project manager do to strengthen the plan?

A project manager uses a weighted scoring model to evaluate two options for a project. One option scores higher on member benefits but lower on risk. What should the project manager prioritize in the final decision?

A project sponsor requests an ROI calculation for a proposed project. The team has calculated total discounted benefits and costs. What should the project manager do next?

A stakeholder argues that including a specific milestone in the project charter is unnecessary. What is the project manager's best course of action?

During project initiation, a stakeholder identifies a constraint that may limit the team's ability to meet the budget. What document should the project manager update to reflect this?

A team is developing a virtual conference platform but discovers potential bandwidth issues during project initiation. How should the project manager address this?

A project manager is tasked with justifying an initiative to senior management. What document should they develop to provide a high-level overview of the project's objectives and potential benefits?

A decision tree analysis shows that a pre-recorded conference option has a lower expected monetary value than a live streaming option. What should the team do?

A project manager is creating a product roadmap for a new website. The team has identified multiple business goals, but there are disagreements on prioritization. What should the project manager do?

During the payback analysis of a virtual conference project, the team finds the cumulative benefits exceed costs in year three. What is the payback period?

The product vision for a project includes leveraging a new platform to enhance global reach. During initiation, the project manager identifies risks in adopting this technology. What should they do?

A stakeholder expresses concern that the project charter does not sufficiently address resource constraints. How should the project manager respond?

During project initiation, a team is asked to justify why the project aligns with the organization's strategic objectives. Which document should they prepare?

A project charter specifies milestones and success criteria, but the development approach is unclear. What should the project manager do?

The organization has identified several potential projects. One project has a positive ROI but lower benefits compared to others. How should the project manager justify this project?

A project team is using weighted scoring to select between two options. The higher-scoring option has a higher risk. How should the project manager address this?

During project selection, stakeholders argue over whether financial measures or customer benefits should take priority. What should the project manager do?

A virtual conference project has two options: live streaming and pre-recorded sessions. The pre-recorded option has a longer payback period. What should the project team do?

During project initiation, the team identifies several assumptions in the project charter. What should the project manager do to ensure these assumptions are managed?

A project charter specifies a critical milestone of completing technology selection by a specific date. During execution, the team realizes they need more time. What should the project manager do?

The project sponsor wants a virtual conference to have a low-cost solution. However, the team finds that the low-cost option may not meet quality standards. What should the project manager do?

During project charter approval, the client requests additional success criteria not initially agreed upon. What should the project manager do?

A project manager is tasked with preparing a kickoff meeting for a predictive project. What is the primary objective of this meeting?

The team has proposed a hybrid development approach for a website project. What is the primary advantage of using a hybrid approach?

A project manager is tasked with justifying a project with an NPV of $5,000 and a payback period of three years. Stakeholders are concerned the financial returns are low. What should the project manager emphasize?

During a decision tree analysis for two project options, a stakeholder questions the probabilities assigned to outcomes. What should the project manager do?

A project brief for an adaptive project specifies acceptance criteria but lacks clear benefits. What should the project manager do?

A product roadmap prioritizes a registration feature for a website project. During development, a team member suggests prioritizing the promotion page instead. What should the project manager do?

A stakeholder is concerned that the project charter lacks detailed timelines for execution. What is the project manager's best response?

A project charter for a virtual conference lists “high attendee satisfaction” as a success criterion. During execution, the team struggles to define metrics for satisfaction. What should the project manager do?

During the product vision phase, a stakeholder argues that the vision is too broad and lacks focus. What should the project manager do?

A project manager uses ROI to justify a project, but stakeholders prioritize shorter payback periods. What is the best way to address this during the selection process?

During a kickoff meeting, team members express confusion about their roles. What should the project manager provide to resolve this?

Product Roadmap

Business Case

Weighted Scoring

Project Charter

Payback Period

Net Present Value (NPV)

Risk Management

Decision Tree Analysis

Benefits Management Plan

Adaptive (Agile) Approach

Predictive Approach

Hybrid Approach

SWOT Analysis

Responsibility Assignment Matrix (RACI)

Return on Investment (ROI)

Communication Management Plan

Assumptions and Constraints

Risk Register

Conflict Resolution

Lessons Learned

Stakeholder Register

Stakeholder Engagement Plan

Benefits Realization

Expected Monetary Value (EMV)

Issue Management

Resource Management Plan

Discounted Cash Flow (DCF)

Scope Management

Quality Management Plan

Project Schedule

Requirements Management

Deliverables

Project Efficiency

Communications Management