28 Questions
Which factor is considered in operational feasibility?
Fulfilling users' requirements
What aspect does economic feasibility assess?
Cost-effectiveness of the solution
What does decision analysis evaluate in candidate solutions?
Schedule feasibility
What does the project lifecycle help a Project Manager do?
Manage risks proactively
Which aspect is considered in risk feasibility?
Probability of successful implementation
What is suggested to prioritize stakeholders in order of importance?
Mapping their power and interest on a quadrant
Which tool is recommended for identifying win/win strategies for engaging key stakeholders?
Stakeholder Planning
In stakeholder engagement, what should be included in the Engagement Plan?
Strategies for engaging stakeholders
What is the significance of SCRUM in project management?
Following specific project management practices
What do the DOD and WOW acronyms stand for?
Definition of Done, Ways of Working
What is a common misconception about Project Management according to the text?
Using Project Management increases the time it takes to get the real work done
What is a significant finding mentioned in the text regarding project outcomes when proven project management practices are used?
Projects are 2.5 times more successful
Why do some projects end up costing more than their original estimates according to the text?
Due to unexpected issues and challenges
What was the impact of the issues faced by Airbus A380 and Berlin Brandenburg Airport projects?
$7 Billion additional cost and 8 years delivery delay
Which statement best summarizes the impact of implementing Project Management in an organization according to the text?
Projects become more successful
What is a consequence highlighted in the text when projects aren't managed well?
Increase in wasted money
What are the main constraints that project managers need to balance according to the text?
Scope, Quality, Resources
What does the text mention as one of the benefits of using Formal Project Management?
Improved customer relations
What view do project managers need to take according to the text?
Broad perspective using systems thinking
Which aspect is NOT mentioned as a demand that project managers need to balance?
Technology
What was Project Management called in the past according to the text?
Triple constraints
What is emphasized as important for project success in the text?
Balancing demands effectively
Why is it important to identify project stakeholders?
To plan to either use or guard against their influence.
What is the consequence of not identifying stakeholders with negative attitudes?
It can lead to problems or failure in the project.
How are stakeholders crucial to a project's success?
By actively promoting the project if managed well.
What is the first step in managing stakeholders according to the text?
Defining your stakeholders.
How should stakeholders be analyzed in stakeholder management according to the text?
By their impact and influence.
What is the final step in managing stakeholders as mentioned in the text?
Engaging with stakeholders.
Test your knowledge on assessing the feasibility of a solution, including cultural, operational, economic, and decision analysis aspects. Explore factors like end user acceptance, requirements fulfillment, cost-effectiveness, and schedule feasibility.
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