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Project Life Cycle & Methodologies Flashcards
| Front | Back |
| Agile Methodology | Iterative and incremental approach emphasizing flexibility and collaboration. |
| Closing Phase | Finalizes all activities, delivers outcomes, and evaluates project success. |
| Critical Path in Projects | Longest sequence of tasks that determines the shortest possible project duration. |
| Difference Between Agile and Waterfall | Agile is iterative and incremental while Waterfall is linear and sequential. |
| Executing Phase | Focuses on completing project work according to the plan. |
| Hybrid Methodology | Combines elements of Waterfall and Agile to leverage strengths of both. |
| Initiating Phase | Defines the project goals, scope, and stakeholders. |
| Kanban Methodology | Visual workflow management using boards and cards to track tasks in real time. |
| Key Activity in Monitoring and Controlling | Performing variance analysis to compare planned vs. actual progress. |
| Key Activity in Project Closing | Conducting a post-mortem to document lessons learned. |
| Key Activity in Project Execution | Managing teams and allocating resources. |
| Key Activity in Project Initiation | Developing the project charter. |
| Key Activity in Project Planning | Creating the Work Breakdown Structure (WBS). |
| Key Advantage of Agile | Adaptability to changing requirements and faster value delivery. |
| Key Advantage of Waterfall | Clear structure and well-documented processes. |
| Key Disadvantage of Agile | Requires strong team collaboration and constant customer involvement. |
| Key Disadvantage of Waterfall | Inflexible to changes once the project is underway. |
| Key Principle of Agile | Deliver working software frequently, with a preference for shorter timescales. |
| Lean Methodology | Focuses on delivering value by minimizing waste and maximizing efficiency. |
| Milestone Definition | Significant points or events marking progress in a project. |
| Monitoring and Controlling | Tracks progress, performance, and changes to ensure project alignment with goals. |
| Planning Phase | Involves creating detailed plans, schedules, and resource allocation. |
| RACI Chart | Outlines who is Responsible, Accountable, Consulted, and Informed for tasks. |
| Risk Management in Projects | Identifying, analyzing, and responding to potential risks to minimize impact. |
| Role of Scope in Projects | Defines the boundaries and deliverables of the project. |
| Role of Stakeholders | Influence, support, and validate the project goals and outcomes. |
| Scrum Framework | A type of Agile methodology featuring sprints, daily stand-ups, and defined roles like Product Owner. |
| Waterfall Methodology | Sequential approach where each phase must be completed before moving to the next. |
Front
Role of Stakeholders
Click the card to flip
Back
Influence, support, and validate the project goals and outcomes.
Front
Kanban Methodology
Back
Visual workflow management using boards and cards to track tasks in real time.
Front
Key Principle of Agile
Back
Deliver working software frequently, with a preference for shorter timescales.
Front
Agile Methodology
Back
Iterative and incremental approach emphasizing flexibility and collaboration.
Front
Hybrid Methodology
Back
Combines elements of Waterfall and Agile to leverage strengths of both.
Front
Risk Management in Projects
Back
Identifying, analyzing, and responding to potential risks to minimize impact.
Front
Key Activity in Project Initiation
Back
Developing the project charter.
Front
Waterfall Methodology
Back
Sequential approach where each phase must be completed before moving to the next.
Front
Lean Methodology
Back
Focuses on delivering value by minimizing waste and maximizing efficiency.
Front
Critical Path in Projects
Back
Longest sequence of tasks that determines the shortest possible project duration.
Front
Key Advantage of Agile
Back
Adaptability to changing requirements and faster value delivery.
Front
Initiating Phase
Back
Defines the project goals, scope, and stakeholders.
Front
Milestone Definition
Back
Significant points or events marking progress in a project.
Front
Key Advantage of Waterfall
Back
Clear structure and well-documented processes.
Front
RACI Chart
Back
Outlines who is Responsible, Accountable, Consulted, and Informed for tasks.
Front
Key Disadvantage of Agile
Back
Requires strong team collaboration and constant customer involvement.
Front
Key Activity in Project Execution
Back
Managing teams and allocating resources.
Front
Scrum Framework
Back
A type of Agile methodology featuring sprints, daily stand-ups, and defined roles like Product Owner.
Front
Monitoring and Controlling
Back
Tracks progress, performance, and changes to ensure project alignment with goals.
Front
Difference Between Agile and Waterfall
Back
Agile is iterative and incremental while Waterfall is linear and sequential.
Front
Key Activity in Project Planning
Back
Creating the Work Breakdown Structure (WBS).
Front
Key Activity in Project Closing
Back
Conducting a post-mortem to document lessons learned.
Front
Planning Phase
Back
Involves creating detailed plans, schedules, and resource allocation.
Front
Key Disadvantage of Waterfall
Back
Inflexible to changes once the project is underway.
Front
Role of Scope in Projects
Back
Defines the boundaries and deliverables of the project.
Front
Key Activity in Monitoring and Controlling
Back
Performing variance analysis to compare planned vs. actual progress.
Front
Closing Phase
Back
Finalizes all activities, delivers outcomes, and evaluates project success.
Front
Executing Phase
Back
Focuses on completing project work according to the plan.
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Focuses on different project phases, key activities at each stage, and compares Waterfall, Agile, and other methodologies.