Chapter 8 - Managing projects

Question 1

What is a project?

Answer 1

A one-off endeavour to achieve a specific objective

Question 2

Name the 4 stages of the project life cycle

Answer 2

1. Identify a need
2. Develop a proposed solution
3. Perform the project/Implementation
4. Project closure/Completion

Question 3

Define slippage and 7 options PM has to deal with it

Answer 3

When a project has slipped behind schedule

1. Do nothing
2. Add resources
3. Work smarter
4. Re-plan
5. Reschedule
6. Introduce incentives
7. Change the specification

Question 4

Define buffering and 3 types of buffering

Answer 4

The inclusion of defined quantities of time within a project schedule to ensure that overall delivery date is met.

1. Feeding buffer - added to non-critical tasks that feed to critical tasks
2. Capacity buffer - used in a multi-project programme to reduce adverse effect of resource usage by another project
3. Resource buffer - added to key resources to ensure they are available when required

Question 5

Define the critical path

Answer 5

The longest path through the NETWORK and the shortest time to complete the PROJECT.

Question 6

Define the project objective

Answer 6

A specific required project outcome

Question 7

Name the 4D’s of project management

Answer 7

Define - the project/goals
Design - project to address goals
Deliver - project with adequate resources
Develop - process

Question 8

List the PMBOK guide to standardising project management practice

Answer 8

Initiation
Planning
Executing
Controlling
Closing
(remember way model is) controlling on left, executing on right

Question 9

Link the project life cycle to the PMBOK model

Answer 9

Identify a need - Initiation
Develop proposed solution - Planning
Implementation- Executing and Controlling
Completion - Closing

Question 10

Name the 9 knowledge areas

Answer 10

Project… Management:

Integration
Scope
Time
Cost 
Quality - prevents 'scope creep'
HR
Communication
Risk
Procurement