Project Management

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What are the 5 phases of a project?
(IPECC) - Initiation, Planning, Execution, Control, Close out
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Define Return On Investment (ROI)
ROI = (Gain from investment - Cost of investment)/cost of investment
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What are the 8 step planning process in project management?
(RDWPRASS) - Requirements capture, Deliverables and goals, Work breakdown structure, Performance, Risk, Activities and interdependencies, Schedule, Sharing and comment
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What is a good practice to executing a project?
Frequent Reviews
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Name and explain a control method used for complex projects.
EVM -Earned Value Management. It compares schedule adherence and scheduled costs against a baseline plan and forecasts to completion
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What are the three themes of a close out review?
Deliverables, Performance, Lessons
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What are the main project success criteria?
Project completion within agreed budget and schedule and that all objectives are met
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What are the main reasons why projects fail?
Not enough time or resources available. Objectives not clear
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Name 3 project management toolkit
Network diagrams, Gantt charts and Time-scaled networks
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Define a critical path
The longest path to complete the project
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Card 2

Front

Define Return On Investment (ROI)

Back

ROI = (Gain from investment - Cost of investment)/cost of investment

Card 3

Front

What are the 8 step planning process in project management?

Back

Preview of the front of card 3

Card 4

Front

What is a good practice to executing a project?

Back

Preview of the front of card 4

Card 5

Front

Name and explain a control method used for complex projects.

Back

Preview of the front of card 5
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