PMF05092014 Flashcards Preview

Project Management Fundamentals > PMF05092014 > Flashcards

Flashcards in PMF05092014 Deck (21)
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0
Q

Project goal should be a ______ that is easy for everyone to understand

A

Simple statement

1
Q

A high level target that states the end result of the project

A

Project Goal

2
Q

Further defines the goal by flushing out specific details. Smaller, detailed goals

A

Objectives

3
Q

Types of objectives:

Strategies and tactics that supports business goals

E.g.
Increase traffic at our website
Reduce the return rates on orders

A

Business objectives

4
Q

Types of objectives:

All about money matters

E.g.

Increase sales by 10%
Cut cost by 5%
Deliver a 15% return on investment

A

Financial objectives

5
Q

Types of objectives:

Specify how good results must be

E.g.

Decrease returns by 20%
Increase customer satisfaction to 70%

A

Quality objectives

6
Q

Types of objectives:

E.g.

Use of equupment design for environment
Use of computers with downtime under 2%

A

Technical objectives

7
Q

Types of objectives:

E.g

Project finishes by release date
Use current company team members
Duplicate features from current system

A

Performance Objectives

8
Q

Documenting objectives: How to document objectives well

Objectives should be:

A

Specific, measurable, realistic, time-related ( set a clear target date)

9
Q

When writing a problem statement ____

A

Keep it short and simple

Easy to understand

10
Q

How to evaluate alternatives and select the right solution

A

Selecting a strategy

11
Q

Once you know the ____ for the project, you are likely to find more than one possible solution

A

Objectives

12
Q

When selecting a strategy, you must first____

A

Assemble a small group of people familiar with the project to brainstorm strategy

13
Q

Brainstorm group should read the following documents _____,______and ______ and begin generating possible strategies

A

Problem statement
Goal
Objectives

14
Q

This activity should be a free flow of ideas. The purpose of this activity is to get as many ideas as possible before you begin to criticize or evaluate the strategies

A

Brainstorming

15
Q

Strategy or Decision Matrix (see image)

Does the strategy meet the required ______?

A

Objectives

16
Q

Strategy or Decision Matrix (see image)

How likely is this strategy meet the other _____?

A

Objectives

17
Q

Strategy or Decision Matrix (see image)

Are the _____ of this strategy acceptable?

A

Risk

18
Q

Strategy or Decision Matrix (see image)

Does this strategy fit the ____ of the organization

A

Culture

19
Q

Recreate template (format) of Strategy/Decision Matrix

A

Check on paper

20
Q

The _____you choose has to satisfy most, if not all, of the project ____

A

Strategy

Objectives