(IPECC) - Initiation, Planning, Execution, Control, Close out
1 of 10
Define Return On Investment (ROI)
ROI = (Gain from investment - Cost of investment)/cost of investment
2 of 10
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
3 of 10
What is a good practice to executing a project?
Frequent Reviews
4 of 10
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
5 of 10
What are the three themes of a close out review?
Deliverables, Performance, Lessons
6 of 10
What are the main project success criteria?
Project completion within agreed budget and schedule and that all objectives are met
7 of 10
What are the main reasons why projects fail?
Not enough time or resources available. Objectives not clear
8 of 10
Name 3 project management toolkit
Network diagrams, Gantt charts and Time-scaled networks
9 of 10
Define a critical path
The longest path to complete the project
10 of 10
Other cards in this set
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
Card 4
Front
What is a good practice to executing a project?
Back
Card 5
Front
Name and explain a control method used for complex projects.
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