How to Survey Changes to Your External Business Environment

The video discusses the importance of understanding the broader context of projects within organizations and the business environment. It uses the meerkat as a metaphor for project managers to stay vigilant and anticipate changes. The concept of a road map is introduced as a tool for future planning, dividing time into zones to plot key events and trends. The video explains the use of acronyms like PESTLE and SPECTRES to identify strategic trends and risks, emphasizing the need for project managers to be aware of societal, political, economic, commercial, technological, regulatory, environmental, safety, and security factors.

What animal is used as a metaphor for a project manager's need to survey the business environment?

• Dolphin

• Eagle

• Meerkat

• Lion

What is the primary purpose of a road map in project management?

• To assign tasks to team members

• To visualize the future and categorize time zones

• To document past project successes

• To track project expenses

Which of the following is NOT a typical time zone used in road maps?

• Long-term

• Immediate-term

• Medium-term

• Near-term

What does the 'P' in the PESTLE acronym stand for?

• Political

• Professional

• Practical

• Personal

Which acronym is introduced as a more comprehensive tool for assessing future risks?

• PESTLE

• SPECTRES

• SMART

• SWOT

In the SPECTRES acronym, what does the 'C' stand for?

• Cognitive

• Cultural

• Creative

• Commercial

Why is security considered an important factor in the SPECTRES framework?

• It affects only financial projects

• It is only a concern for government projects

• It is irrelevant to most projects

• It impacts many projects, especially those involving technology