4. Reviews

Question 1

Describe decision gate

Answer 1

A point between phases used to review and confirm viability of the work in line with the business case

Question 2

Describe benefits review

Answer 2

review after a period of operations of the proejct deliverables. Establish extent of benefits realised (typically 6-12months after handover)

Question 3

Describe audit

Answer 3

A means to provide assurance and give confidence to sponsor project is being managed as expected and agreed

Question 4

Describe 4 reporting principles in a review

Answer 4

C - Clear
A - Accurate
R - Relevant
T- Timely

Question 5

Describe 5 factors to include in review reports

Answer 5

1. Time
2. Risk
3. Scope
4. Cost
5. Benefit

Other - Progress, audit findings, earned values, actual spend

Question 6

Describe 4 stages of reporting cycle

Answer 6

Gather data –> collate & analyse –> create info –> make decisions

Question 7

What is the importance of gather information and reporting

Answer 7

1. Status reporting
2. Estimating the project
3. Risk identification
4. Knowledge and information management
5. Availability of information

Question 8

Provide 5 reasons for replanning following a review

Answer 8

1. planned scope is not required
2. low team motivation
3. poor contractor performance
4. committed costs and cashflow higher than expected
5. changes to risk