Podcast
Questions and Answers
What is primarily the responsibility of the project sponsor in project management?
Which of the following best describes the role of the project board?
What does the three lines of defence in project assurance refer to?
Who typically represents the procuring client in project management?
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Which of the following responsibilities is NOT associated with the project manager?
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What is the role of the project assurance function?
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Which stakeholder role is primarily responsible for securing a supportive organizational environment for the project?
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During which phase of the project lifecycle is the feasibility of the project primarily assessed?
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What is the primary difference between intra-organisational and inter-organisational projects?
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Which layer of governance typically oversees project management activities within a multi-project environment?
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Which of the following is NOT a purpose for organizations to undertake projects?
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Which type of organizational project focuses on a specific issue or change within an organization?
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In the context of project lifecycle management, which stage primarily focuses on the delivery and execution of project tasks?
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What is a common method used for engaging stakeholders throughout a project?
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What is the primary function of project assurance mechanisms?
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Which of the following best describes a project-based firm?
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Which of the following duties falls under the responsibility of a project manager in relation to professional judgment?
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What distinguishes a project manager from a project coordinator according to RICS Insurance Services Ltd?
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In the context of project lifecycle management, what role does a Project Management Office (PMO) play?
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Which legal framework mandates the project manager to exercise reasonable skill and care in their duties?
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What is typically required of a project manager regarding indemnity for professional negligence claims?
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Which management strategy focuses on balancing stakeholder engagement throughout the project lifecycle?
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What aspect of project governance is crucial for establishing accountability and transparency during project execution?
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During which phase of project lifecycle management is the requirement for independent assurance most critical?
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Study Notes
Project Structure
- The procuring client oversees the project and is responsible for the project's direction
- The project sponsor ensures effective governance of the project
- The project manager leads the project and reports to the sponsor
- The project manager is supported by a project management office (PMO)
Project Assurance
- Project assurance provides confidence that beneficial change will be delivered
- Project assurance involves three lines of defense: control, compliance, and independent review
Project Board
- The Project Board monitors and measures progress
- The Project Board agrees on remedial measures and scope changes
- The Project Board oversees the compliance function
- The Project Board makes stage gate go-no/go decisions
Project Sponsor
- The project sponsor ensures that the project has effective governance and delivers intended benefits
- The project sponsor is known in the public sector as the Senior Responsible Officer (SRO)
Project Manager - Appointment
- The project manager is accountable to the project sponsor for day-to-day leadership and management
- The project manager's contract varies based on the project context
- Intra-organizational project: employment contract with the organization
- Inter-organizational project: contract for services with the procuring client
Project Manager - Duties
- The APM Competence Framework defines 26 key areas where project managers should demonstrate proficiency
Project Manager - Duty of Care
- The project manager has a duty of care to the procuring client to exercise reasonable skill, care, and diligence
- The project manager has a duty to act fairly between the procuring client and suppliers/contractors
- The project manager needs to maintain professional indemnity insurance cover for professional negligence claims
- The role of the project manager is distinct from a project coordinator/administrator based on their responsibilities and strategic involvement
Project Management Office (PMO)
- The PMO supports all project management aspects
Organisational Structures
- Functional structures group employees by specialization (e.g., marketing, finance)
- Multidivisional structures divide an organization into semi-autonomous units based on product, region, or customer.
Strategic Implementation
- Projects, programmes, and portfolios are vehicles for implementing strategy
- Programmes are sets of interrelated projects managed in a coordinated way to realize benefits
- Portfolios are bundles of projects and/or programmes
Strategic Implementation Chain
- The strategic implementation chain links strategic decisions to project operation and delivers intended benefits
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Description
This quiz covers essential concepts in project management, focusing on roles like the project manager, sponsor, and board. It explores project assurance, governance, and decision-making processes crucial for successful project delivery. Test your understanding of these key components and their relationships.
