COMPLETE QUESTIONS AND ACCURATE
ANSWERS
⩥ Benefits of project management. Answer: Improved project
communication
Effective resource management
Better delivery of results
Facilitates risk-taking
Lessons learned
Improved governance
⩥ Challenges of project management. Answer: Bureaucracy
Limits creativity
Threatens existing organisation structure
Complex interrelationships
Project management capability
⩥ Project management methods. Answer: Documentation templates
Governance guidelines
Role definitions
Project management procedures
,Guidelines on application
Project management procedures
⩥ Benefits and costs of project management method. Answer: Check
with mark if I need this
⩥ Core processes of programme management. Answer: Project co-
ordination
Transformation
Stakeholder management/communication
Benefits management
⩥ Roles and responsibilities of programme management. Answer:
Initiate, prioritise and terminate projects
Manage project and BAU interdependencies
Manage resources and conflicts
Manage risks, issues and changes
Define and realise the strategic benefits
⩥ Benefits of programme management. Answer: Prioritisation of
individual projects
Resource management
View of interdependencies
, Ability to manage risks issues and changes
Effective communication/consistent reporting
Alignment with programme objectives
⩥ Challenges of programme management. Answer: Unclear
organisation/scope
High number of stakeholders
Lack of clear requirements
⩥ Key activities in portfolio management. Answer: Segmentation
Select and prioritise
Assess progress
Review and reporting
Benefits management
⩥ Benefits of portfolio management. Answer: Maintaining a balances
and aligned portfolio
Holistic overview of risks, dependencies, and scheduling
Cost reduction
Efficient utilisation of resources
Better coordination and control