E2 Project Management focus version

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1
What are Gido and Clements stages of the project lifecycle?
2
What is the alternative 5 stages of a project?
3
What is included in the initiation stage of a project?
* Feasability
* PID (project initiation document)
4
What does a PID (project initiation document do?
* Defines the project
* Justifies the project
* Defines the roles and responsibilities
* Secures funding for the project if needed
* Gives people the information they need to be productive and effective right from the start
5
What would be contained in a PID (Project initiation document)?
PURPOSE STATEMENT - explains why the project is being undertaken

SCOPE STATEMENT - puts boundaries to the project by outlining major activities. Prevents 'scope creep' where additional activites are added making achievement of the cost and time objectives impossible

DELIVERABLES - tend to be tangible elements of the project, such as report, assets and other outputs

COST & TIME ESTIMATES - Early estimates, will be modified later

OBJECTIVES - clear statement of mission, CSF's and key milestones of the project

STAKEHOLDERS - list of major stakeholders in the roject and their interest in the project

CHAIN OF COMMAND - a statement (and diagram) of the project organisation structure
6
What does the planning stage of a project do?
7
What are the different plans for the planning stage of a project?
8
What does the cost plan do?
9
What does the communication plan do?
10
What does the deliverables plan do?
11
What is the purpose of a control system?
* Prevention of deviations
* Correction of deviations
* Prevention of any future deviations, by revising plans, target, measures etc
* Implementation of recommendations from monitoring, reviewing and evluating the project
12
What is the change control and management process?
* Authorisation
* Agreement
* Recording
Communication
13
Explain configuration management
* How the agreed changes are incorporated into the revised plan
* Each revised plan is given a new version number so everyone knows they are working on the same correct version.
14
What is the Gido and Clements control system?
15
What project reports and meetings should be done?
* Exception
* Progress
* Team meetings - explain position/discuss corrective action
* Post completion review - lessons learnt
16
What is change control?
* Prioritise changes
* Recording changes
* Agreement of change budget
17
What is configuration management?
Tracking changes in order to update plans & managing version control
18
What is conformance management?
Using inspection, quality control & quality assurance to ensure the project meets the customer expectations & technical requirements
19
What is the project closure process?
* Delivered to users
* Documents filed
* Final payments
Project objectives (make sure business case has been delivered
* Team integrated back to their day to day tasks
20
What is included in a post completion review meeting?
* Project manager - how well they performed & worked with team
* Project team - How individual members performed and how they worked as a team
* Tools & tgechniques used - effectiveness of the overall process/individual tools & techniques
* Business case - actual acheivement in relation to costs / schedules / benefits defined
21
What are the tools and techniques for managing projects?
22
What are the tools for planning for activities and costs?
23
What is the tool for planning for quality?
24
What are the tools for planning for time?
25
What are the tools for planning resources?
26
What is a Work Breakdown Structure (WBS)
The WBS is an important starting point for planning. It contributes to planning in the following ways :_

* Breaks complex tasks into manageable pieces
* Sets out the logical sequence of project events
* Provides a logical framework for making decisions
* Provides an input into subsequent project processes ie estimating time and resources
* Provides a framework for continuious assesment of the project progression
* Provides a communication tool
27
What are the benefits of a Work Breakdown Structure (WBS)
* Summarise activities
* Display the interrelationships
* Establishes authority & responsibility
* Estimates project costs
* Performs risk analysis
* Schedules jobs (work packages)
* Provide basis for controlling the application of resources
28
What is a Work Package (WP)?
Work Package specifies the work to be done for each package described in the work breakdown structure.
29
What is the Statement Of Work?
Statement of Work describes the deliverables against which the project can be measured. It also indicates who is responsible and when the work needs to be delivered.
30
What is the Product Breakdown Structure (PBS)?
On completion of the WPs and SOW, the products required for each activity are listed. For example, the Olympic Games long jump would require a sand pit, a white board and measuring equipment.
31
What is the cost breakdown structure?
The cost breakdown structure (CBS) describes the categories that require costing to ensure nothing is left out of the budget process. Numbers and costs are allocated to each product. This creates the detailed financial plan (budget) for the project.The CBS will include information gathered from the WBS, WPs, SOW and PBS and also the capital and revenue costs identified in the cost-benefit analysis and feasibility study documents.
32
What is included in a Project Quality Plan (PQP)?
33
How is the Lastest event time calculated
34
What are the benefits of critical path analysis?
35
What are the limitations of critical path analysis?
36
What is a resource Histogram?
A tool for planning resources - capacity planning
37
What are the benefits of a resource histogram?
38
What common features are included in project management software?
39
What are the advantages of project management software?
40
What are the drawbacks of project management software?
41
What is PRINCE2
A project methodology that helps with :-

* Delivery of agreed outcomes
* On time
* Within budget
* Conforming to the required quality standards
42
What are the main control features of of PRINCE2
43
What are the 7 components of PRINCE2?
44
What are the 7 process areas of PRINCE2?
45
What is PMBOK?
Project management body of knowledge

A project management methodology
46
What are the benefits of using a single methodology?
47
What are the limitations of using a single methodology?
48
What are the 9 key project management knowledge areas pf PMBOK?
49
What is the process for planning for risk?
50
What is the process for managing risk?
51
What is uncertainty?
Events that are impossible to assign probabilities to or to reduce the possibility of its occurance
52
What is contingency planning?
53
What is PERT?
Project Evaluation and Review Technique

this can be used to overcome uncertainties over times taken for individual activities in a network diagram.
54
What is the PERT process?
55
What are the advantages of PERT?
56
What are the limitations of PERT?
57
What is Scenario planning?
Having alternative plans ready for when things go wrong
58
What is buffering?
Adding artificial slack / padding into risky activities
59
What are the common reasons projects fail?
60
What is a Gantt chart?
A Gantt chart is a horizontal bar chart where the length of the bar represents the duration of the activity.
61
How do you create a gantt chart?
1) Display a schedule of activities using bars.
2) List the activities down the side of the page.
3) Using a horizontal timescale, draw a bar for each activity to represent the period over which it is to be performed.
4) Both budgeted and actual timescales can be shown on the same chart.
62
What are the advantages of a Gantt chart?
63
What are the limitations of a Gantt chart?
64
What is a milestone?
A milestone is an event that is clearly identifiable as a measure of how far the project has progressed and
how far it has to run. This involves partitioning the project into identifiable and manageable phases that are
well defined key events.
65
What is a control gate?
A milestone that can only be passed if it meets the pre determined performance standards
66
What is the Gido and Clements stakeholder heiachy?
67
Who is the project steering committee / project board
68
Who is the project champion?
69
what role can Management accountants play in projects?
70
what causes project disputes?
71
What causes stakeholder conflict?
72
How can you resolve project disputes?
73
How can the project manager create a supportive environment where memebers feel enthusiastic to work towards project?
74
When is the matrix structure of management suitable for a project?
75
What are the advantages of the matrix structure?
76
What are th disadvantages of the matrix structure?
77
What are the negotiation points for project managers?
78
What skills does the project manager need?
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