Project Lifecycle

What are the key components of project initiation?

• Goals, scope, planning, documentation, success criteria, and resources

• Findings, scope, planning, deliverables, success criteria, and resources

• Findings, scope, deliverables, monitoring progress, stakeholders, and resources

• Goals, scope, deliverables, success criteria, stakeholders, and resources

Fill in the blank: A _____ is a document that defines project goals and outlines what is needed to accomplish them.

• 
  project charter

• project schedule

• risk analysis

• 
  RACI

Fill in the blank: Stakeholder analysis is the process of identifying stakeholders and grouping them by _____.

• seniority and experience

• availability and participation

• talents and skills

• 
  interest and influence

What is the first step in a stakeholder analysis?

• Assess each stakeholder’s ability to participate and find ways to involve them

• List the stakeholders impacted by the project

• 
  Determine each stakeholder’s level of influence

• Determine each stakeholder’s level of interest

What is the main benefit of making a RACI chart?

• Illustrates all of the potential risks and opportunities for success

• Determines which stakeholders should fill which roles during a project

• Assesses each stakeholder’s ability to participate and build necessary partnerships

• Helps set SMART goals

As a project manager, you’re prioritizing stakeholders using a power grid. One stakeholder has high power and high interest. What level of engagement should the team have with the stakeholder?

• Show consideration

• Meet their needs

• 
  Manage closely

• Monitor

Who signs the Project Charter?

• 
  Project team members

• Project Manager

• Project Sponsor

What happens after when the project charter is signed off?

• We can start to implement the project

• We start the planning phase

• 
  We can close the project

Before starting the planning phase, you complete the initiation phase. What steps do stakeholders or the clients take during the initiation phase?

• Stakeholders assign a project manager, review risk management tools, and approve the budget

• Stakeholders assign a project manager, determine the scope and deliverables, and select the team

• 
  Stakeholders assign a project manager, select the tools to manage the project, view meeting notes, and approve the budget.

• Stakeholders assign a project manager, approve goals, determine the scope and deliverables, and approve the project charter

What are the benefits of a Gantt chart? Select all that apply

• It displays comments from stakeholders

• It’s a highly visual representation of the project’s tasks

• It features the start and end dates of each task

• 
  It has a clear breakdown of who’s responsible for what work