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    Chapter 1. Project Management Framework ... > Project Life Cycle and Organization

    Project Life Cycle and Organization

    • Describe the Project Life Cycle

    CramSaver

    If you can correctly answer these questions before going through this section, save time by skimming the Exam Alerts in this section and then completing the Cram Quiz at the end of the section.

    1.At what point in a project’s lifecycle is the level of uncertainty and risk the highest?
    2.What is a project stakeholder?
    3.List some common project constraints that the project manager must balance.

    Answers

    1.The level of uncertainty and risk is the highest at the beginning of a project because the least is known about the project at this point.
    2.A stakeholder is any person or entity with an interest in the project or its outcome. Stakeholders can include the project manager, customers, project team members, the performing organization, the project management team, influencers, and the PMO.
    3.Common project constraints include scope, quality, schedule, budget, resources, and risk.



      

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