Mastering Management Concepts

What are the key phases of project management?

• Initiation, Planning, Execution, Monitoring and Controlling, Closing

• Planning, Monitoring, Execution, Feedback

• Initiation, Execution, Evaluation, Termination

• Planning, Execution, Review, Closing

How can risk management improve project outcomes?

• Risk management increases project costs significantly.

• Risk management is only necessary for large projects.

• Risk management has no impact on project timelines.

• Risk management improves project outcomes by identifying and mitigating potential risks early in the project lifecycle.

What role does communication play in team dynamics?

• Communication is only important for leadership roles.

• Communication is essential for collaboration, understanding, conflict resolution, and trust in team dynamics.

• Communication has no impact on team performance.

• Effective communication hinders team creativity.

What techniques can be used to manage project scope?

• Avoiding regular meetings

• Techniques to manage project scope include defining clear objectives, using a scope statement, implementing change control, engaging stakeholders, and regular progress reviews.

• Setting vague project goals

• Ignoring stakeholder feedback

How do team roles affect overall project performance?

• Team roles create confusion and hinder communication.

• Team roles only benefit individual performance, not the team.

• Team roles have no impact on project performance.

• Team roles enhance communication, reduce conflicts, and improve collaboration, leading to better project performance.