MGMT 5220 EXAM 2 2026|ACTUAL 240 QUESTIONS
AND ANSWERS|GRADED A+
How can one know if a project is going to succeed or fail?
Because the project manager in advance has documented a plan.
Most difficult and most unappreciated process in project management
Project planning
Main purpose of a project plan
To guide execution; a reference point; measure and adjust from
Permeates every aspect of project management - the pm's lifeline
Project planning
Most managers do not like planning due to the following: (4)
1. It takes time.
2. You have to think.
,3. It involves paper work.
4. You are committed to achieve a specific result within a specified time
period.
5 reasons for planning
1. To eliminate or reduce uncertainty
2. To improve efficiency of the operation
3. To obtain a better understanding of the objectives
4. To provide a basis for monitoring and controlling work
5. To provide a reference point for pricing
An effective plan will be _____, _____, ______, and _____.
Explicit; intelligible; flexible; controllable
Stated in detail, leaving nothing merely implied
Explicit
It must be understood and be comprehensible.
Intelligible
,Capable of accepting change.
Flexible
Capable of being monitored for control purposes.
Controllable
Planning starts with __________.
Gathering information
Gathering information
1. Problem or need statement.
2. Requirements gathering.
3. Information gathering.
4. Constraints.
5. Alternative analysis.
6. Project objectives.
7. Business case.
, 3 common project documents
Sow; charter; scope statement
Base document for any project; written by the project manager, ideally before
the project starts; a narrative description of products, services, or results to be
supplied
Sow (statement of work)
Ultimate reference document for project
Sow
Indicates customers requirements and "written" expectations
Sow
Lists goals, constraints, and success criteria for the project
Sow
AND ANSWERS|GRADED A+
How can one know if a project is going to succeed or fail?
Because the project manager in advance has documented a plan.
Most difficult and most unappreciated process in project management
Project planning
Main purpose of a project plan
To guide execution; a reference point; measure and adjust from
Permeates every aspect of project management - the pm's lifeline
Project planning
Most managers do not like planning due to the following: (4)
1. It takes time.
2. You have to think.
,3. It involves paper work.
4. You are committed to achieve a specific result within a specified time
period.
5 reasons for planning
1. To eliminate or reduce uncertainty
2. To improve efficiency of the operation
3. To obtain a better understanding of the objectives
4. To provide a basis for monitoring and controlling work
5. To provide a reference point for pricing
An effective plan will be _____, _____, ______, and _____.
Explicit; intelligible; flexible; controllable
Stated in detail, leaving nothing merely implied
Explicit
It must be understood and be comprehensible.
Intelligible
,Capable of accepting change.
Flexible
Capable of being monitored for control purposes.
Controllable
Planning starts with __________.
Gathering information
Gathering information
1. Problem or need statement.
2. Requirements gathering.
3. Information gathering.
4. Constraints.
5. Alternative analysis.
6. Project objectives.
7. Business case.
, 3 common project documents
Sow; charter; scope statement
Base document for any project; written by the project manager, ideally before
the project starts; a narrative description of products, services, or results to be
supplied
Sow (statement of work)
Ultimate reference document for project
Sow
Indicates customers requirements and "written" expectations
Sow
Lists goals, constraints, and success criteria for the project
Sow
