Project Management

Question 1

Characteristics of well run project

Answer 1

-Definition of Objectives and Roles/responsibilities
-good Planning
-good Communication
-Relationships with external suppliers
(stable but challenging)
-thorough risk Analysis
-Monitoring of progress + developments
-Pace (critical path analysis + milestone reviews)
-performance and quality Standards (set and managed)
-positive Conflict management
-strong Leadership and supportive Environment
-thorough Testing throughout project

Question 2

Contents of written strategy document for project management

Answer 2

• Policies
• Roles and responsibilities
• Objectives
• Scheduling
• Expected cost

Question 3

Objectives in written strategy document

Answer 3

• Identification
• Standards (requirements)
• Achievement (how)
• Financial
• Economic

Question 4

Strategy document policies

Answer 4

• Financing
• Legal
• Insurance
• Technical
• Risk management
• IT
• Communications
• Conflict of interest