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WorksheetsProject Flexibility, Exam 2023
Total questions: 10
Worksheet time: 6mins
Agile principles: 12 Agile principles include one or more of the following (2,5%)
Sustainabile documentation
Continuous attention
Welcome change
Contract collaboration
Embrace complexity
Scrum: Scrum ceremonies include one of the following
Sprint backlog
Daily retrospective meeting
Sprint planning meeting
Customer review meeting
Five immutable principles: Five immutable principles of project success included to ask your project team one or more of the following questions:
Do you measure progress to plan in units meaningful to the suppliers?
Do you know what Done looks like?
Do you have a strategy to reach Done?
Do you have the resources needed to reach Done?
Risk: The guest lecture on uncertainty and opportunity defined risk as:
Different interpretations of the same piece of information
The difference between the amount of information required to perform a task and the amount of information alreay possessed by the organization
An uncertain event or condition that, if it occurs, has a poisitive or negative effect on a project's objectives
A state of having limited knowledge where it is possible to exactly describe existing state or future outcome
Generative design: The guest lecture on Digital twins and Generative design used an illustration on generative design workflow where iterations were mainly applied in the following phase or phases:
None of the alternatives
Integration
Generation
Definition
Predesign
Real options: A real option can have value if the following conditions are present
Limited risk of choosing the wrong solution at the present time
The future is highly uncertain and it is very likely that new information appear over time
There is managerial flexibility to respond to new information
Small cost associated with getting back to square one
Real options: In real options, flexibility value is greatest when:
There is moderate uncertainty and rooroom for maneuvering
The project's value without flexibility is negative but include non-qualified aspects
The project's value without flexibility is close to break-even
New information may not come
Flexibility framework: The flexibility categorisation in the framework used in the course differs between:
Planned vs. actual flexibility
Contractucal vs. experienced flexibility
Decision makers vs. users
early vs. late changes
Organisational design strategies: Organisational design strategies to reduce the need for information processing include the following:
Creation of self-contained tasks
Creation of slack resources
Creation of lateral relations
Investment in vertical information systems
Sustainability: An external aspect of sustainability in projects is:
Reduce environmental impact as result of use of the deliverable
Cost consciousness
Decent working conditions
Project execution
