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Sample Question And Solution Of Project Management Assignment

                                    PROJ6000 Principles Of Project Management 5

Question:

Context:
A project is a temporary endeavor undertaken to provide an expected and beneficial outcome. A project life cycle is the series of phases that a project passes through from its initiation to its closure. Project goals should align with organizational goals such as improved operations or increased revenues, reducing costs, or improving efficiencies.

Before resources can be committed to a project, the reason for its proposal and the benefits it is expected to deliver need to be understood by people in positions empowered to make decisions about the expenditure of an organization's resources. The selection of organizational projects is typically performed through a method of classification and review of the project’s business case. That method of course should be applied consistently to all project proposals.

Instructions:
For this assessment, you research different methods of selecting projects and examine the initiation process. You also consider the Project Management Homework Body of Knowledge (PMBOK) guide and, more specifically, explore the initiation documents.

Answer:

Selection Of Project And Initiation Methods

The modern-day business organizations are identified to achieve their scope as well as objectives that are set by the management team of the respected organization. The overall management of the businesses as well as to achieve potential success for the associated project it is duly necessary for the management team of the organization to deal with the significant methodologies that will intend to help the managers for selecting the project effectively (Project Management Institute, 2017). This document will focus on the potential methods that are related to the effective selection of the project as well as the methodologies that are to be followed for initiating a project. Read More...

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Frequently Asked Questions By Students

Q 1: What Are Technical Requirements In Project Management?

Ans: Technical requirements in a project management deal with the technical issues that one has to consider to complete a project. These aspects involve reliability, performance, availability that is crucial for the completion of the project. The other factors involve assumptions, risks, dependencies, schedule change, etc. You have to define the features, functionality, and purpose of the product so that the clients are satisfied.

Q 2: What Is Agile Methodology In Project Management?

Ans: Agile methodology is often used in project management. Basically, it relies on short developmental cycles, known as “sprints”, which is essential for the constant development of the products and services. The Agile software development is iterative, where the requirements and solutions are addressed through cross-functional teams. Usually, stakeholders and developers collaborate regularly to discuss project planning, product roadmap creation, etc.

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