COMPLETE QUESTIONS and CORRECT DETAILED
ANSWERS ALREADY GRADED A+|ASSURED SUCCESS
Define VUCA - CORRECT ANSWER-The Volatility, Uncertainty, Complexity and
Ambiguity relating to the project.
What are the responses to VUCA - CORRECT ANSWER-Vision, Understanding,
Clarity, Agility
What does the business case justify? - CORRECT ANSWER-The initial and
continued investment in the project and enables the project manager to agree
success criteria with the project sponsor and other stakeholders
Define the Procurement strategy - CORRECT ANSWER-It is a project document
that describes the mechanics of how the project will go about procuring and
subsequently managing services and goods, and it should be formulated alongside
the business case
,Define a 'make or buy' decision - CORRECT ANSWER-Should the goods be
made in-house or could we procure them elsewhere at a lower cost or better
quality?
Give the stages of the Tender process. - CORRECT ANSWER-Research the
market, Pre-qualify suppliers, Issue Invitation to Tender (ITT), Response to queries
from bidders, Receive and evaluate the bids, Award a contract to a successful
bidder, Enter into contract.
What are the stages of a linear life cycle? - CORRECT ANSWER-Concept,
Definition, Deployment, Transition
What is the best type of life cycle to use for a stable low-risk project? - CORRECT
ANSWER-Linear life cycle
State the three types of life cycle. - CORRECT ANSWER-Linear, Iterative, Hybrid
What is the main characteristic of an iterative life cycle? - CORRECT ANSWER-
It repeats one of more phases
,When is an iterative life cycle beneficial? - CORRECT ANSWER-If the project
scope is vague, or if the solutions are unclear
What are the three stages of Evolutionary Development in an Iterative lifecycle? -
CORRECT ANSWER-Assemble, Review, Deploy
What is the definition of a hybrid life cycle? - CORRECT ANSWER-It adds
iteration to a linear life cycle to enable a mix of approaches
Give one difference between a Project Life Cycle and an Extended Life Cycle? -
CORRECT ANSWER-A project life cycle contains the phases up to transition and
closure, whereas an extended life cycle goes beyond the transition and closure
phase to include the benefits realisation phase and adoption of outputs.
What are the two extra phases of an Extended life cycle? - CORRECT ANSWER-
Adoption, Benefits Realisation
What are the different Documentation Requirements for a Project lifecycle vs. an
Extended lifecycle? - CORRECT ANSWER-A project lifecycle focuses on
documentation required for project execution and closure, such as project plans,
progress reports, and final reviews.
, An extended lifecycle requires comprehensive documentation that extends into
operational manuals, long-term maintenance schedules, and end user support
materials.
How are Changes Managed for a Project lifecycle vs. an Extended lifecycle? -
CORRECT ANSWER-Project Lifecycle - Changes are managed within the
confines of the project's timeline and aim to minimise disruptions to the initial
plan.
Extended lifecycle - Incorporates continuous change management to adapt to
evolving technologies, user requirements, and operational challenges over time.
How is Quality Assurance carried out in Project lifecycle vs. Extended Lifecycle? -
CORRECT ANSWER-Project lifecycle - Quality assurance processes are designed
to ensure that the project meets defined standards and specifications at closure.
Extended lifecycle - Ongoing quality assurance is crucial to maintain the integrity,
performance, and safety of the project outcomes throughout their lifecycle.
How are Resources Allocated in a Project lifecycle vs. an Extended lifecycle? -
CORRECT ANSWER-Project lifecycle - Resources are allocated and managed
with the goal of project completion, and resource engagement typically concludes
with the project