CH. 1 - Project Lifecycles

What does a project lifecycle in project management refer to?

• A method for calculating the total cost of a project

• The sequential and iterative process through which a project progresses from initiation to completion

• The final stage of a project where deliverables are handed over

• A tool used for stakeholder analysis

What does a project lifecycle provide for managing and executing the project?

• A set of financial resources

• A risk management plan

• A structured framework

• A marketing strategy

What does the Iterative type of project lifecycle involve?

• Dividing the project into smaller, manageable increments

• Combining predictive and adaptive methods

• Repeating planning, executing, and evaluating cycles

• Emphasizing flexibility and continuous improvement

Which project lifecycle type emphasizes flexibility, collaboration, and continuous improvement?

• Predictive

• Iterative

• Incremental

• Adaptive (Agile)

The Hybrid type of project lifecycle combines which TWO of the following methods?

• Predictive

• Adaptive

• SCRUM

• Sprint

What is a key characteristic of the Predictive Life Cycle?

• Undefined roles and responsibilities

• High degree of uncertainty

• No clear goals or deadlines

• Defined start and end date

Which type of projects is the Predictive Life Cycle best suited for?

• Projects with unclear objectives and requirements

• Complex projects with expected changes

• Projects with well-defined objectives and requirements

• Projects that require a high degree of flexibility

What is the nature of the process in the Predictive Life Cycle?

• Non-linear and flexible

• Linear and rigid

• Circular and repetitive

• Random and unpredictable

Why is the Predictive Life Cycle not suitable for complex projects?

• Because it allows for too much flexibility

• Because it requires a high degree of certainty

• Because it is too linear for complex needs

• Because it is designed for projects where requirements are unclear or changes are expected

What is the first step in the Predictive Life Cycle Stages?

• Analyzing the progress

• Defining the project

• Beginning work on the project

• Reviewing performance