Project Initiation: Starting a Successful Project - Module 3 Challenge

Project Initiation: Starting a Successful Project - Module 3 Challenge

  1. Who is responsible for the team's overall success and the project as a whole?

    • Project sponsor

    • Product lead

    • Project manager

    • Primary stakeholder

  2. Does the project sponsor fund the project?

    • Yes. The project sponsor plays a vital leadership role, which always includes funding the project.

    • No. The project sponsor plays a vital leadership role but does not fund the project.

    • Sometimes. The project sponsor plays a vital leadership role, which sometimes includes funding the project.

  3. Which stakeholders benefit directly(not indirectly) from a project’s success? Select all that apply.

    • Key players

    • Minor players

    • Primary stakeholders

    • Secondary stakeholders

  4. Who uses technical and interpersonal skills to carry out day-to-day project tasks?

    • Project sponsors

    • Project team members

    • Project managers

    • Secondary stakeholders

  5. Which term refers to identifying stakeholders and grouping them by interest and influence?

    • Stakeholder buy-in

    • Stakeholder monitoring

    • Stakeholder analysis

    • Steering committee meeting

  6. As a project manager, you complete a stakeholder analysis and make a list of all the stakeholders. What is often the next step?

    • Assign tasks to each stakeholder

    • Make a budget to determine how much each stakeholder should invest

    • Determine the level of interest and influence for each stakeholder

    • Schedule a meeting with all stakeholders

  7. As a project manager, you create a chart to assign roles and responsibilities for the team. What type of chart are you creating?

    • Team analysis chart

    • Stakeholder analysis chart

    • RACI chart

    • SBI chart

  8. Which of the following is true of someone who is accountable in a RACI chart?

    • Carries out the work to complete the tasks

    • Gives feedback according to their subject matter expertise

    • Ensures the work gets completed

    • Learns about tasks when they are complete

  9. As a project manager, you make considerations when building a team. You decide how many people should be on the team, if they have the time to work on the project, and if they have a personal incentive to work on the project. What else should you consider when building a team?

    • Team member communication preferences

    • Necessary skills for the project

    • Degree of stakeholder engagement

    • Likelihood of project success

  10. As a project manager, you’re prioritizing stakeholders with a power grid. One stakeholder has low power and high interest. What level of engagement should the team have with the stakeholder?

    • Manage closely

    • Monitor

    • Show consideration

    • Meet their needs