Module 15- project management methods

Question 1

PERT

Answer 1

Project evaluation and review technique (PERT) was developed in the 1950s to support the U.S. Navy’s Polaris missile project. PERT is used to estimate activity duration times. It uses a statistical approach to estimate the time that will be required to complete project work activities.

Question 2

CPM

Answer 2

Critical path method (CPM) was developed for the DuPont Corporation to help with projects in their manufacturing plants. CPM is also used for estimating project activity durations, but CPM assumes that the estimates do not vary and time can be reliably estimated.

Question 3

CCPM

Answer 3

Critical chain project management (CCPM) focuses on managing the uncertainties of a project. CCPM assumes that resources available to complete the project are in limited supply and it specifically plans to ensure resource availability.

Question 4

Waterfall Method

Answer 4

traditional practice which found its best use in software and hardware development. In this method, the project work flows downward like water falling over a ledge. This process flows logically and in a linear fashion, but if any problems are found, returning the work back to the previous step is very expensive

Question 5

processes completed during initiating stage include:

Answer 5

1. Documenting the business need for the project and what problem the project will solve
2. Defining the project
3. Evaluating project proposals
4. Completing project selection
5. Identifying major stakeholders
6. Creating the project charter

Question 6

Processes completed during planning

Answer 6

1. Documenting all customer requirements and deliverables
2. Estimating resource needs
3. Finalizing the project scope
4. Finalizing the project budget
5. Finalizing the project schedule
6. Creating the Work Breakdown Structure
7. Creating the Network Diagram
8. Creating the activity list
9. Writing the plan for specific areas

Question 7

processes in Executing

Answer 7

1. Acquiring project team members
2. Training and coaching team members
3. Communicating with stakeholders
4. Managing stakeholders
5. Implementing the project plan
6. Documenting change requests
7. Assessing team member performance
8. Recognizing and rewarding performance

Question 8

Monitoring and controlling

Answer 8

monitoring and controlling is positioned as an iterative activity which occurs while the project work is being executed.

Question 9

processes during closing

Answer 9

1. Paying all outstanding vendor invoices
2. Reconciling all vendor accounts
3. Returning excess materials and supplies
4. Returning all project assets to the sponsoring organization
5. Writing the lessons learned
6. Completing all project documentation
7. Delivering the completed project to the customer
8. Receiving sign-off from the customer
9. Archiving all project documents

Question 10

Traditional project management methods

Answer 10

1. A well-defined project outcome
2. A low-complexity project outcome
3. A project scope that is unlikely to change
4. Risks that are low and identifiable
5. Projects that use known/stable technologies
6. Projects that are not resource constrained

Question 11

Agile Methods

Answer 11

is an iterative approach to project management where the project team works closely with the customer to deliver projects in usable chunks

Question 12

Scrum

Answer 12

project process in which a cross-functional team worked closely together to create continuous improvements