Project management principles

The third stage of the project life cycle is...

• Closure and evaluation

• Execution

• Planning

• Initiation

Initiation is the stage where aims and objectives of the project are agreed. An aim is..

• Overarching goal for the project

• Detailed plans for the project

• The identification of everything that is required to make a project work

• The formal process of putting the project forward

A feasibility study should be carried out ...

• to agree the aims and objectives

• to decide if the project should go ahead at all

• to justify the need for the project

• because management require it

The planning stage of the project will NOT include which of the following elements

• Feasibility study

• Resources

• Finance

• Quality

It is important to control risks or review them to put in place ____________ ______________ that try to reduce those that are identified as high risk.

Control measures are ...

• An analysis of the expected benefits of carrying out a project against the cost of running the project

• Checking quality on an ongoing basis against targets or judging fitness of purpose using regular inspections

• Measures used to check the quality, such as that raw materials are up to standard.

• Steps taken to remove or reduce risks that would negatively affect the project

The final stage of the project life cycle is..

• Initiation

• Planning

• Execution

• Evaluation

A SWOT analysis identifies...

• Something Which Otherwise Threatens

• Strengths Weaknesses Opposition Threats

• Strengths Weaknesses Opportunities Threats

• Separations Weaknesses Oppositions Threats

A common and useful tool for measuring the power and interest of stakeholders is..

• SWOT analysis

• RACI matrix

• Stakeholder matrix

• Gantt chart

RACI stands for

• Reasonable Accountable Considered Informal

• Responsible Accountable Consulted Informed

• Responsive Argumentative Considerate Insulting

• Responsible Accurate Communication Informative