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Q: What criteria must be met when issuing a project order?
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What is a constraint of a project?

A constraint is a restriction (or a limitation) that can affect the performance of the project. For example, there could be a schedule constraint that the project must be completed by a predetermined date. Similarly, a cost constraint would limit the budget available for the project. Every project manager must keep these constraints in his mind during project planning as well as execution.


What are the main aims of the processes in the Planning process group?

-Determine the actions that must be taken to meet project objectives -Refine project objectives -Defing project scope


What does a project manager typically do?

Although a project manager performs a variety of tasks, it is generally agreed upon that there are a few basic qualities which a project manager must emulate. The first would be to organize and schedule the project in such a way that distractions are at a bare minimum. Another quality would be to clearly outline all that has to be accomplished with the project. Another essential quality would be to organize and keep careful documentation during all stages of a project. This goes along with prioritizing what must be done within a project.


Explain why a manager must handle the completion of a project in a sensitive manner?

Project closure refers to a set of tasks that are required to formally end the project. There are two kinds of projects that you need to close formally: • Completed projects - A project that has met its completion criteria falls into this category. • Terminated projects - A project that was terminated before its completion falls into this category. A project can be terminated at various stages for various reasons. Some examples are: o The project management plan is not approved for whatever reason. o The project has been executing, but you have run out of resources, and no more resources are available. o The project has been cancelled because it was going nowhere. o The project has been indefinitely postponed because there is not a large enough market for the product it would produce. A project, in general, may have in-house activities i.e., project activities being performed within the performing organization and procurement activities. Accordingly, there are two aspects of project closure: • Close the in-house activities of the project. • Close the procurement part of the project. Project closure includes the following activities: • Activities to verify that all deliverables have been provided and accepted • Activities to confirm that all the project requirements, including stakeholder requirements, have been met • Activities to verify that the completion or exit criteria have been met • Activities to ensure that the project product is transferred to the right individual or group • Activities to review the project for lessons learned and archive the project records You need to obtain final closure, such as acceptance signoffs, contract closure, or receipts for both the in-house part and the procurement part of the project and from both internal and external vendors and customers. You perform this task by using standard accounting practices and following the relevant organizational and legal procedures, such as SOX compliance


When is it appropriate to accept a project risk?

all risk must be migrated and transferred

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