Unit 2: Understand Project Life Cycles

In which scenario would a hybrid life cycle be most suitable?

• When project requirements are fixed from the start

• When a project benefits from both structured phases and iterative feedback

• When minimal stakeholder involvement is required

• When the project involves a continuous, indefinite cycle

Why are projects structured in distinct phases within a linear life cycle? (Select all that apply)

• To allow project teams to focus on specific, controlled phases

• To enable milestone-based reviews for enhanced control

• To increase flexibility and allow for frequent changes in scope

• To streamline risk assessment and tracking

Which of the following differentiates an extended life cycle from a typical project life cycle?

• It includes a post-handover benefits realisation phase

• It excludes the planning and initiation phases

• It ends immediately upon project delivery

• It requires fewer stakeholders and resources

What are key roles of knowledge and information management in project decision-making? (Select all that apply)

• Facilitating access to past project data for accurate estimation

• Limiting stakeholder input in decision-making

• Supporting problem-solving and risk identification

• Creating a single reference source for project status updates

What are some key benefits of holding project reviews at decision gates? (Select all that apply)

• Ensures alignment with business case objectives

• Allows sponsors to make informed go/no-go decisions

• Reduces the need for senior management oversight

• Facilitates stakeholder input at critical project stages

What are common reasons a project might be closed before completion? (Select all that apply)

• It no longer aligns with organisational objectives

• Expected benefits become unachievable

• Project outcomes are guaranteed to meet all goals

• Unfavourable findings emerge from ongoing work