Chapter 11: Project Management Flashcards Preview

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Flashcards in Chapter 11: Project Management Deck (7)
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1
Q

Features of a well-run project

A
  • clear AIM reflecting the needs of the customer
  • thorough planning and full analysis of the risks involved
  • a schedule of milestones should be produced, and progress against these milestones monitored
  • the project should move along at an appropriate pace
  • critical paths should be managed
  • the success of the project should be measured against performance and quality standards
  • thorough testing should take place at all stages
  • excellent communication between those involved, with the team working in a supporting way
  • relationship with external suppliers should be stable but challenging.
  • if conflicts arise, they should be dealt with positively to act as a source of ideas and as a tool for development
2
Q

Who would be in a project team?

A
  • Project owner / sponsor
  • Project manager

Other people involved in:

  • designing
  • building
  • specifying
  • implementing the project

The end users of the project should also be involved from the start.

3
Q

What roles should the members of the team play:

Project owner

A

Should concentrate on the agreed milestone review points ensuring that they are properly scheduled and that the project is fully reviewed each time a milestone is met.
The project owner should make sure that critical questions are asked at these points.

4
Q

What roles should the members of the team play:

Project manager

A

More hands-on.
Must be a strong, experienced individual.

Able to 
- establish direction,
- decide on action,
- organise resources 
- and motivate 
the project team.
5
Q

What does the written strategy document contain (at a high level)?

A

At a high level:

  • sets out the aims of the project
  • any implementation issues
  • the risks involved
  • ways of managing the risks
6
Q

What does the written strategy document contain (at a detailed level)?

A

sections on

  • what the OBJECTIVES are (including economic)
  • – how these objectives will be met
  • – acceptable quality standards against which to assess the objectives
  • ROLES of the parties involved (project sponsor & 3rd parties)
  • a BREAKDOWN of the work to be completed
  • MILESTONE REVIEW points
  • EXPECTED COST of the project
  • need for INSURANCE or reinsurance
  • VARIOUS POLICIES.
7
Q

Various policies contained in the written strategy document

A
  • financing policy
  • legal policy
  • technical policy
  • communications policy
  • risk management policy
  • IT policy
  • policy dealing with conflicts of interest

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