UNDERTAKE PROJECT WORK ONLINE

Assessment Questions:

Question 1: In project management, what does the term “stakeholder” mean?

A stakeholder is anybody who can affect or is affected by an organization, strategy or project. They can be internal or external and they can be at senior or junior levels. Some definitions suggest that stakeholders are those who have the power to impact an organization or project in some way.

Question 2: In project management, what is meant by the term ‘scope’ or ‘project scope’?

Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.

Question 3: In project management, what does the term ‘work breakdown structure’ mean?

A work breakdown structure (WBS) is a chart in which the critical work elements, called tasks, of a project are illustrated to portray their relationships to each other and to the project as a whole. The graphical nature of the WBS can help a project manager predict outcomes based on various scenarios, which can ensure that optimum decisions are made about whether or not to adopt suggested procedures or changes.

Question 4: In project management, what is meant by the term ‘duration’?

Duration of a project's terminal element is the number of calendar periods it takes from the time the execution of element starts to the moment it is completed.

Question 5: In project management, what does the term ‘milestone’ mean?

Within the framework of project management, a milestone is an event that receives special attention. It is often put at the end of a stage to mark the completion of a work package or phase. Milestones can be put before the end of a phase so that corrective actions can be taken, if problems arise, and the deliverable can be completed on time.

Question 6: In project management, what is meant by the term ‘deliverable’?

Deliverable is a term used in project management to describe a tangible or intangible object produced as a