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Questions and Answers
What is the primary purpose of the Closure Stage in project management?
What is the primary purpose of the Closure Stage in project management?
- To allocate resources and implement quality control measures
- To formally close the project and document lessons learned (correct)
- To develop a detailed project plan and create a Work Breakdown Structure
- To identify and assess risks
Which stage of project management involves tracking project progress and taking corrective action?
Which stage of project management involves tracking project progress and taking corrective action?
- Monitoring and Control Stage (correct)
- Planning Stage
- Initiation Stage
- Execution Stage
What is developed during the Planning Stage of project management?
What is developed during the Planning Stage of project management?
- Feasibility study to determine project viability
- Detailed project plan, including scope, schedule, and resources (correct)
- Preliminary budget and schedule
- Project scope, goals, and deliverables
What is the main activity performed during the Initiation Stage of project management?
What is the main activity performed during the Initiation Stage of project management?
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What is the primary focus of the Execution Stage of project management?
What is the primary focus of the Execution Stage of project management?
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What is created during the Planning Stage to divide tasks into manageable chunks?
What is created during the Planning Stage to divide tasks into manageable chunks?
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Study Notes
Project Management Stages
Initiation Stage
- Defines project scope, goals, and deliverables
- Identifies stakeholders and their roles
- Develops a preliminary budget and schedule
- Conducts a feasibility study to determine project viability
Planning Stage
- Develops a detailed project plan, including scope, schedule, budget, and resources
- Creates a Work Breakdown Structure (WBS) to divide tasks into manageable chunks
- Identifies and assesses risks, develops mitigation strategies
- Establishes communication and stakeholder management plans
Execution Stage
- Carries out project tasks and activities as outlined in the plan
- Allocates resources, including personnel, materials, and equipment
- Implements quality control measures to ensure project deliverables meet requirements
- Conducts regular progress monitoring and reporting
Monitoring and Control Stage
- Tracks project progress against the plan, identifying and addressing deviations
- Takes corrective action to get the project back on track
- Continuously monitors and controls project scope, schedule, and budget
- Identifies and implements changes to the project plan as needed
Closure Stage
- Formalizes the project completion, including documentation and evaluation
- Obtains final acceptance from stakeholders and customers
- Documents lessons learned and conducts post-project review
- Releases project resources and formally closes the project
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