Foundations of Project Management : Week 3

What is the main advantage of the Agile approach over the Waterfall methodology?

Agile takes a flexible approach, letting teams make adjustments as they go.

Why should project managers always initiate a project (phase one) before making a plan (phase two)?

Because determining scope, cost, and timeline is crucial to creating a budget, setting a schedule, and determining roles and responsibilities

Which project management approach uses the 5S quality tool, the DMAIC process, and Kanban boards?

Lean Six Sigma

Which project management approach includes the following phases: define, measure, analyze, improve, control.

Lean Six Sigma methodology

Which of the following are project manager responsibilities during the execution phase? Select all that apply.

Manage the project's progress, Handle communication for the team, Make adjustments to the schedule, budget, and resources

Which project management methodology is organized in sequential phases (including initiating, planning, executing, and closing)?

Waterfall methodology

Which of the following are project manager responsibilities during the initiation phase? Select all that apply.

Determine resources needed, Get project approval, Define project goals

In which project phase does it help to ask questions such as: "Who are the stakeholders?", "What skills and resources will the project require?", and "What are the client's or customer's goals?"

Initiate the project

What are the phases of the project life cycle?

Initiate the project, make a plan, execute and complete tasks, close the project

As a project manager, your team is creating a product that will require flexibility—changes are likely to occur. Also, tasks will overlap or happen at the same time as other tasks. Which project management methodology is the best for your project?

Iterative methodology