Examining the Project Life Cycle and the Organization - Revving Through Project Life Cycles
22 important questions on Examining the Project Life Cycle and the Organization - Revving Through Project Life Cycles
What is the difference between Project phases and Process groups?
- Project Phases are unique to each project. Depening on the organization and the sector different phases might exists. The phases together make up the project lifecycle which is the same for all projects.
- Project Groups consist of initiating, planning, executing, monitoring and controlling, and closing. These are all universal to all projects.
Define - sequential relationship of phases
Define - overlapping relationship of phases
What is the reason that project's are broken down into smaller, more manageble phases?
Why is the project life cycle so important?
What is the difference between a feasibility study and a business case?
- A feasibility study examines the potential project to see if it's feasible to do the project work.
- A business case examines the financial aspect of the project to see if the project can be profitable, what the profit margin may be for the project, what the financial risk exposure may be, and the what true costs of the project may be.
What is the purpose of an audit/ inspection at the completion of a project phase?
Which three IT-based life cycles can de recognized?
- Predictive Life Cycles
- Iterative and Incremental Life Cycles
- Adapte Life Cycles
Define - predictive life cycles
Define - Iterative and Incremental life cycles
Define - adapte life cycles
What can a project manager determine about the project phases?
- what work to complete in which phase of the project
- what resources, people, equipment, facilities are needed per phase
- the expected deliverables per phase
- the expected costs to complete a phase
- the phases that pose the highest amount of risk
What are characteristics of changes impacting a project life cycle?
- Changes are more easier and more likely at the early phases of a project than at completion
- Stakeholders have greater influence on the outcome of the project deliverables in the early phases than in the final phases
- Changes at the beginning of a project have lower risk and cost less than changes at the end of a project.
Define - project life cycle
How would you define the difference between a product and project life cycle?
What is the advantage of phases for management?
What are typical things a project manager will be accountable for at the end of a project phase? (and will report on to management)
- The performance of the project to date
- The performance of the project team to date
- Proof of deliverables in the project phase
- Verification of deliverables in alignment with the project scope
How will we verify the scope at the end of a project phase?
What costs should one consider when deciding whether to kill a project or not at the end of a project phase?
What is the advantage of fast-tracking or 'overlapping relationship'? And what is the risk of it
Define - Iterative relationships of project phases
What do we mean with phase exit?
- Regulatory inspections and audits
- Quality Metrics
- Performance Metrics
- Security Audits
- The end of a project phase
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