S4: Project Management

Question 1

The Future of Project Management

Answer 1

1. Digitalization
2. Employment
3. Better data analysis

Question 2

Environmental Factors

Answer 2

1. Geo-social environment
2. Econo-political environment
3. Business environment
4. Internal environment

Question 3

Environmental Factors: Geo-social environment

Answer 3

Geographical, climatic and cultural factors that may affect the project.

Question 4

Environmental Factors: Econo-political environment

Answer 4

The economic, governmental and regulatory factors affecting the project.

Question 5

Environmental Factors: Business environment

Answer 5

Industrial, competitive, supply network and customer expectation factors that shape the likely objectives of the project.

Question 6

Environmental Factors: Internal environment

Answer 6

The individual company’s or group’s strategy and culture, the resources available, and the interaction with other projects that will influence the project

Question 7

Stakeholder

Answer 7

An individual, group, or
organization that may affect,
be affected by or perceive
itself to be affected by a
decision, activity, or outcome
of a project, program, or
portfolio.

Question 8

Stakeholder examples

Answer 8

Investors, employees, customers, government, supplier & vendors.