Project Planning, Management, and Sustainability Flashcards

What does the PEST analysis framework assess?

Political, Economic, Social, and Technological factors that affect a market or industry.

Give two examples of Political factors in a PEST analysis.

Examples include current and future legislation, regulatory bodies, government policies, pressure groups, and trade agreements.

What is the main difference between PEST and SWOT analyses?

PEST examines external macro-environment factors; SWOT assesses internal Strengths and Weaknesses and external Opportunities and Threats of a business or project.

Name the four perspectives of the Balanced Scorecard.

Financial, Customer, Business Process, and Learning & Development perspectives to align activities with strategy.

What are the five steps of the risk management process?

1. Identify the Risk 2. Analyse the Risk 3. Evaluate or Rank the Risk 4. Treat the Risk 5. Monitor and Review the Risk.

How do you calculate a risk score in a 5×5 matrix?

Risk Score = Likelihood × Consequence (each rated 1–5). Scores classify risks as Acceptable, Adequate, Tolerable, or Unacceptable.

What is the purpose of a Gantt chart in project management?

To display tasks against time, showing start and end dates, durations, dependencies, and progress at a glance.

List the SMART criteria for deliverables.

Specific, Measurable, Attainable (Achievable), Reasonable (Realistic), and Timely (Time-bound).

Contrast Waterfall and Agile methodologies in one sentence each.

Waterrfall: Requirements are defined upfront and the project follows a linear sequence of phases. Agile: Project evolves through iterative cycles with frequent user feedback and adaptability to change.

What key sustainability considerations might a business include in its project plan?

Resource efficiency, waste reduction, life-cycle impacts, ethical sourcing, social responsibility, and long-term environmental stewardship.