College

Dambi Dollo University
College of Business and Economics
Department of Management

Assignment Questions: Project Management
Weight: 30%

1. Define the key phases of the project life cycle. Explain how each phase contributes to successful project completion.

2. Discuss the role of a project manager. What skills are essential for managing projects effectively in today's dynamic business environment?

3. Explain the importance of stakeholder management in project success. How would you identify and engage stakeholders throughout the project?

4. Explain the concept of the triple constraint (scope, time, and cost). How do changes to one element affect the others?

5. How can a project manager assess and manage project risks? Provide a step-by-step approach with an example.

6. Discuss how to define and manage project scope. What tools and techniques help in avoiding scope creep?

7. Describe the importance of communication in project management. What strategies can a project manager use to ensure effective communication?

8. Identify and describe the key roles in a project team. How do their responsibilities contribute to project success?

Answer :

Final answer:

The project life cycle consists of five key phases: initiation, planning, execution, monitoring and controlling, and closure. Each phase is essential for ensuring that the project progresses successfully, with clear goals and effective management. By following this structured approach, project managers can effectively navigate the complexities of project delivery.


Explanation:

Key Phases of the Project Life Cycle

The project life cycle is divided into several key phases that contribute to successful project completion. These phases are:

  1. Initiation: This phase involves defining the project at a broad level. It includes identifying the project's purpose, scope, and feasibility. A clear project charter is created to guide stakeholders.
  2. Planning: In this phase, detailed planning occurs. Project managers develop plans for scope, time, cost, quality, and resources. Effective planning is crucial, as it defines how the project will be executed and managed.
  3. Execution: This phase involves implementing the project plan by carrying out the tasks defined earlier. Team members are assigned and resources are utilized. Close monitoring is required to track progress and ensure quality standards are met.
  4. Monitoring and Controlling: Throughout the execution phase, this phase involves tracking project performance against the plan. Adjustments are made as necessary to ensure that the project stays on track.
  5. Closure: This final phase involves completing and closing the project. Lessons learned are documented, and project deliverables are finalized to ensure that they meet the required standards.

Each of these phases contributes to a structured approach that helps ensure project success through careful planning and execution.


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