Project Planning & Execution Flashcards

During which project phase are lessons learned most effectively documented?

Answer: Closing

While lessons learned should be captured throughout, they are formally documented and archived during the project closing phase.

A project manager uses a probability-impact matrix primarily to:

Answer: Prioritize identified risks for response planning

A probability-impact matrix ranks risks by combining their likelihood and potential impact, helping prioritize which risks need response plans.

Which estimating technique uses historical data from a similar past project to estimate the current project's duration or cost?

Answer: Analogous estimating

Analogous estimating leverages actual duration or cost data from a similar previous project as the basis for the current estimate.

In Agile project management, a 'velocity' metric measures:

Answer: The amount of work a team completes in a sprint

Velocity measures the average number of story points or work units completed by a team in a single sprint, used to forecast future output.

What is the primary purpose of a project kickoff meeting?

Answer: To align all stakeholders on project goals, roles, and expectations

A kickoff meeting brings together key stakeholders to establish shared understanding of project objectives, deliverables, roles, and processes.

When a project manager applies 'fast tracking,' they are:

Answer: Performing activities in parallel that were originally planned sequentially

Fast tracking compresses the schedule by overlapping phases or tasks that would normally be done in sequence, which increases risk.

A stakeholder register is used to:

Answer: Document stakeholder information, interests, and engagement levels

The stakeholder register captures identifying information, roles, interests, expectations, and influence levels of all project stakeholders.