Project Planning: Putting It All Together Week 4 Quiz Answer (2023)

FAQs

What are the 4 questions needed in making the project plan? ›

Good planning, diligent execution, timely and appropriate communication, and management of stakeholder expectations are all essential elements in delivering a project to completion. This simple statement belies the complexities involved in any project implementation.

The project management lifecycle consists of four steps: initiating, planning, executing, and closing.

One of the most obvious–and most important– steps of a project plan is defining your project goals. When you set your goals before work begins, you, your client, and your team are all on the same page and future misunderstandings can be avoided. Good goals are realistic, clear, and measurable.

While risk professionals are well familiar with the core principles of risk management — risk identification, risk analysis, risk control, risk financing and claims management — they are certainly not the only ones to rely on them in their daily thinking and decision-making.

What are the 3 types of project risk? ›

Project risk is the potential of a project to fail. There are three main types of project risks: cost, schedule, and performance.

The closure stage: The last stage of the 4 Phases of the Project Management Life Cycle Is the closure stage which has an importance of its own. It is also the analyzing stage of the project in which all the steps that have been done are analyzed by the entire team to check the performance within the project.

The life cycle refers to the process that a project goes through from start to finish. There are four main life cycles in project management: predictive, iterative, incremental, and agile.

As mentioned above, there are four stages in a product's life cycle - introduction, growth, maturity, and decline – but before this a product needs to go through design, research and development.

The program evaluation process goes through four phases — planning, implementation, completion, and dissemination and reporting — that complement the phases of program development and implementation. Each phase has unique issues, methods, and procedures.

Project planning is the process of defining your objectives and scope, your goals and milestones (deliverables), and assigning tasks and budgetary resources for each step. A good plan is easily shareable with everyone involved, and it's most useful when it's revisited regularly.

What are the three C's of project management? ›

The 3 C's of Project Management: Clarity, Culture, Course Correction.

The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among project stakeholders, and document approved scope, cost, and schedule baselines.

The most critical step in the process of planning is selecting the best possible course of action.

The planning phase is the most important; time and effort invested in this phase lays a solid foundation for the project. This phase identifies and defines the project's costs, scope, risks, opportunities and constraints. Appropriate stakeholders should be involved in the planning phase to provide feedback.

A project checklist is a list of the steps required to successfully complete a project. These steps focus on the planning and setup phases. Using a checklist helps teams prepare sufficiently for future project work.

Strategic planning process steps

Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan.

What are the two most types of risk? ›

Types of Risk

Broadly speaking, there are two main categories of risk: systematic and unsystematic.

While all risks can impact a project's performance, some can stall or halt a project entirely. The most potentially impactful project risks include major budget overages, workforce volatility, production and procurement problems, scheduling and resource mismanagement, and organizational changes.

The 2 broad types of risk are systematic and unsystematic. Systematic risk is risk within the entire system. This is the kind of risk that applies to an entire market, or market segment.

Here we are talking about Project Life Cycle phase which is obviously over as Project is done. After that there comes a Product so, Growth is not something related to Project Life cycle.

The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure. Each project therefore has a beginning, a central period, a completion and a final phase (successful or not).

3 keys to project success: time, communication - risk management.

Many of the sessions I attended at the conference re-enforced what I believe to be four pillars upheld by the project manager: trust, respect, accountability and change management.

Below are four popular scheduling techniques used by project managers: Critical Path Method, Program Evaluation and Review Technique, Fast-tracking and crashing, and Gantt charts.

What are four most common project evaluation techniques? ›

In project management, methodologies are specific, strict, and usually contain a series of steps and activities for each phase of the project's life cycle. They are defined approaches showing us exactly what steps to take next, the motivation behind each step, and how a project stage should be performed.

The most prevalent reasons for project failures, according to Project Management Institute research, include changes in organizational priorities, improper requirements collection, and changes in project goals.

Project planning involves comprehensive mapping and organizing of project goals, tasks, schedules, and resources before anyone assigns roles for the project and the team begins to execute the plan. You can avoid almost all of the problems that lead to project failure with proper project planning.

It needs a really strong foundation. One of the best ways that teams can ensure they have a solid foundation is by answering the six basic questions of who, what, why, where, when, and how.

What are the 3 strategic questions? ›