Project Management Life Cycles and Governance

False (B)

To articulate the justification for undertaking a specific project.

<p>accountability</p> Signup and view all the answers

<p>Objectives = Articulates project goals Cost-Benefit Analysis = Evaluates financial implications Risk Assessment = Identifies potential issues Justification = Explains project necessity</p> Signup and view all the answers

<p>Design (A)</p> Signup and view all the answers

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

<p>Defining roles and responsibilities</p> Signup and view all the answers

<p>communication</p> Signup and view all the answers

<p>KPI = Tracks progress and measures success Risk Management = Identifies and mitigates potential project risks Change Control = Manages changes to project scope or deliverables Sustainability = Ensures long-term environmental and social viability</p> Signup and view all the answers

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

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

<p>Increased accountability</p> Signup and view all the answers

The structured path a project follows from its beginning to its completion, composed of distinct phases.

The initial phase of a project, where the project's goals, scope, and feasibility are defined.

Involves detailed planning, resource allocation, risk assessment, and communication strategies for the project.

The phase where the actual project work takes place, involving the execution of planned tasks and activities.

Involves tracking project progress, monitoring risks, and making necessary adjustments to stay on track.

A plan that outlines the reasons for undertaking a project, demonstrating its benefits and value to the organization.

The final phase of a project, where the project's deliverables are finalized, lessons learned are documented, and project resources are released.

Describes the project's aims and boundaries, clearly defining what it will accomplish.

A set of rules and procedures that guide project management, ensuring accountability, transparency, and alignment with organizational goals.

Analyzing and comparing different options to address a problem or opportunity, weighing their costs, benefits, and risks.

The process of examining the financial viability of a project, projecting costs and benefits, and calculating the return on investment.

Integrating sustainability considerations into project management to minimize environmental impact, promote social responsibility, and ensure economic viability.

Ensuring that the project aligns with the organization's overall objectives and strategic plans.