January Team Building

What does PMBOK stands for?

• Project Manager's Body of Knowledge

• Project Management Body of Knowledge

• Project Management Book of Knowledge

• Project Manager's Book of Knowledge

PMI breaks down the project lifecycle into the following five phases of project management:

• Project initiation.

• Project planning.

• Project execution.

• Project monitoring and control.

• Project Guidance

• Project Documentation

• Project Closure

• Project Administration

______ is a series of structured tasks, activities, and deliverables that are carefully executed to achieve a desired outcome. They are temporary efforts to create value through unique products, services and processes.

What are the 3 pillars of project management?

• Cost, Schedule, and Resources

• Cost, Schedule, Project Manager

• Schedule, Project Manager, Resources

• Cost, Schedule, and Scope

Answer explanation

The elements are budget/cost, time/schedule, and scope. If a change is posed to any one of these elements, something else must change. This article explains the theory of the project management triangle, and how to use it to manage projects effectively - even as demands and conditions inevitably change.

_____ _____ is when a project's requirements, goals, or vision changes beyond what was originally agreed upon.

Answer explanation

7 Tips to Avoid Scope Creep

1. Define Project Scope Upfront. ...

2. Document Scope Changes. ...

3. Re-baseline Your Project Schedule or Project Plan. ...

4. Request Additional Funding or Resources. ...

5. Communicate with Your Project Team and Track Progress. ...

6. Set priorities. ...

7. Avoid Scope Creep Traps.

This is a detailed map of all of the elements your team needs to accomplish to reach your project's goals. These are important because they set the stage for an entire project. It provides direction to every single person working on the team to help maintain accountability.

• Deliverables

• Project Plan

• Project Management

• Project Induction

Answer explanation

The project plan is the main source of truth for every team member involved. If there’s any question, the project plan is the go-to source for information.

____________ is an opportunity for you to gather with all of the stakeholders of a specific project to make sure that everyone is aligned on the project plan. It enables team members to ask questions and ensures that everyone who has a stake in the project has an opportunity to voice any opinions. 

is a formal document that describes specific project requirements. It clearly outlines the project activities, deliverables, and schedule. This is often used when an agency or contractor is providing work for a client to make sure that everyone is on the same page about what work needs to be done.

A RACI chart is used to identify your teams’ roles and responsibilities for any task, milestone, or project deliverable. RACI charts are also commonly known as a responsibility matrix. RACI stands for:

• Responsible, Accountable, Consulted, Informed

• Resources, Allocation, Cost, Information

• Role, Allocation, Cost, Information

• Responsibility Accountability, Communication,

  Induction

Answer explanation

With a RACI chart, you can prevent poor decision making and avoid roadblocks in the approvals process that could impact overall project success.

____ __________ involves taking action to minimize the possibility of risks within a project team's day-to-day operations. It helps predict the possibility of risks arising and develop strategies to maintain a consistent project life cycle. This is an active process often handled by the project’s managers or the project stakeholders.

Answer explanation

Risk mitigation strategies help companies identify risks well before they arrive. This gives companies valuable time to plan for the emergence of any threats. Often, organizations can fully diffuse a risk before it arrives — as long as they identify the threat far enough in advance