Life Cycle Options and Choices Flashcards

1
Q

What are the four life cycle philosophies?

A

Linear
Incremental
Iterative
Evolutionary

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2
Q

What are four typical phases of a linear life cycle?

A

Concept
Definition
Deployment
Transition

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3
Q

What are the advantages of a linear life cycle?

A

Highly structured, predictable and stable
Transparent format
Works well for the deployment of well understood and clearly defined outputs

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4
Q

What are the disadvantages of a linear life cycle?

A

Assumes the availability of relatively perfect knowledge upfront

Resistant to change and inflexible for corrections and rework

Implies a long sequence, culminating in the ultimate handover

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5
Q

Describe an iterative life cycle.

A

Composed of several iterations allowing the deployment of initial capability, followed by successive deliveries of further value.

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6
Q

What is vital for iterative cycles to proceed?

A

User feedback - Required for initiating new cycles of development, refinement and improvement.

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7
Q

What are the two additional phases that make up an extended life cycle?

A

Adoption
Benefits Realisation

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8
Q

Describe adoption?

A

Operations and sustainment required to utilise the new project and enable the acceptance and use of the benefits

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9
Q

Describe benefits realisation

A

Realisation of the required business benefits. Set out and considered in the in the project scope.

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10
Q

What additional stages make up the “Product Life Cycle”

A

Operation
Termination

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11
Q

Describe what is required for “Operation”

A

Ensuring the availability and continuing support and maintenance of project deliverables and potential outcomes/benefits

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12
Q

Describe what is required for “Termination”

A

Decommissioning and disposal at the end of the products useful life

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13
Q

What are three levels of governance?

A

Corporate - Vision, mission, strategy

Business as usual - Operations

Business change - Projects, programmes, portfolios

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14
Q

How can governance roles be clearly defined?

A

The use of a “Responsibility Assignement Matrix”

Clarifies who is accountable and responsible

Those who need to be consulted and those to be informed during a decision making process

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15
Q

What are the three areas that make up the “three lines of defence” in governance?

A

Project Controls = Application of aManagement system, policies, procedures

Compliance = Management assurance, comprising monitoring, checks and audits

Independent Review - Internal/external audit, independent peers, external scrutiny

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16
Q

What is the role of the project sponsor?

A

The person accountable for ensuring that the work is governed effectively and delivers the objectives to meet the identified needs

17
Q

List 4 roles of the sponsor

A

Links project to corporate strategy

Owns the vision and business case

Accountable for benefits

Reflects the corporate risk appetite

18
Q

What makes a successful sponsor?

A

Leader/decision-maker able to work across corporate/functional boundaries

Credible influencer of stakeholders with delegated authority of the organisation

Prepared to commit time

An enthusiastic advocate of the work

19
Q

What five areas should a business case consider?

A

Strategic context
Economic context
Commerical approach
Financial case
Management approach

20
Q

Who is accountable for the business case through the life cycle?

A

Project sponsor

Advantages to active involvment of the Project/Programme/Portfolio manager