Project Management Q1

Primary constraints of Project Management Triangle

1) Cost,
2) Scope,
3) Time

Why is a triangle used to illustrate the Triple Constraint?

Interdependence.
Because its three sides represent the interdependence of Time, Cost, and Scope—changing one side affects the others

While the node represents their interaction

What additional constraint does the Project Management Diamond emphasize beyond the Triangle?

Customer Satisfaction / Quality / Risk

Name “other” project constraints often added to the basic triangle model

1) Quality

2) Risk

3) Resources

4) Stakeholder (client and customer) satisfaction - Satisfied stakeholders are more likely to support the project

*5) Sustainability, compliance, and communication (included sometimes)

(Similarity) Why the project management triangle and diamond used?

1) Utilised to present the constraints and dynamics of a project to
2) help in communicating the trade-offs better

(Difference) Which is a more realistic representation of a project? Triangle or Diamond?

Diamond.
It encapsulated the complexity of the project, making it suitable for high-level projects
Triangle is a simplified tool for low-level projects

According to PMBOK, what are the five Process Groups?

1) Initiating,
2) Planning,
3) Executing,
4) Monitoring and controlling,
5) Closing

How does PMBOK define a project?

A temporary endeavor undertaken to create a unique product, service, or result, with defined start and finish, within scope, time, cost, quality, and performance parameters

What does WBS stand for and what is its purpose?

Work Breakdown Structure—decomposes project scope into manageable work packages

List the four core values of the Agile Manifesto

1) Individuals & interactions over processes & tools

2) Working software over comprehensive documentation

3) Customer collaboration over contract negotiation

4) Responding to change over following a plan

What is the Scrum framework?

An Agile subset using short, fixed-length iterations called sprints

What are the six aspects (items to be managed) in PRINCE2?

1) Scope,
2) Cost,
3) Timescales,
4) Risk,
5) Quality,
6) Benefits

7 principles: Continued business justification, learn from experience, defined roles and responsibilities, manage by stages, manage by exception, focus on products, and tailor to suit the project environment

What are the typical phases of the Waterfall methodology?

Requirements gathering, System design, Implementation, Testing, Delivery/Deployment, Maintenance