Chapter 1 Flashcards

(20 cards)

1
Q

What personal event first sparked Terry Schmidt’s fascination with space and strategic thinking?

A

Watching the 1957 launch of Sputnik 1 and Walter Cronkite announcing the dawn of the Space Age.

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2
Q

What was Schmidt’s boyhood experiment that symbolized his early project mindset?

A

Launching guppies (Minnie and Mickey) in a homemade rocket called HALO 1.

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3
Q

What strategic mistake did HALO 1 unintentionally highlight?

A

Lack of preparation for external risks (e.g., parachute failure, G-force impact) — a lesson about risk and assumptions.

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4
Q

How did Schmidt describe the reasoning behind building HALO 1?

A

He worked backward from a big WHY — “If I launch living things, then I become a Rocket Man.”

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5
Q

What career path did Schmidt follow after the guppy launch and Model Rocket News article?

A

Aerospace engineering at University of Washington → MBA at Harvard → U.S. DOT → international development → consulting.

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6
Q

What does NASA Rule #15 teach about project planning?

A

“The seeds of problems are laid down early.” Poor initial planning is the #1 cause of failure.

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7
Q

What is systems thinking in the context of project management?

A

A holistic approach that considers the project’s role in the larger environment — beyond isolated tasks.

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8
Q

What metaphor does Schmidt use to describe poor project design?

A

Navigating a maze at ground level without seeing the full path — causing blind alleys and frustration.

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9
Q

How does strategic project management give you a “bird’s-eye view”?

A

By starting with the end goal and designing backward using cause-and-effect logic.

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10
Q

What is the Logical Framework Approach (LFA)?

A

A 4×4 strategic project design matrix using causal, If–Then logic to link purpose, outcomes, tasks, and risks.

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11
Q

What are the Four Strategic Questions at the heart of the LogFrame?

A
  1. What results are we trying to achieve, and why?
  2. How do we measure success?
  3. What other conditions must exist?
  4. How do we get there?
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12
Q

What do the answers to these four questions correspond to in the LogFrame matrix?

A

Q1 → Objectives (Goal, Purpose, Outcomes)

Q2 → Success Measures and Verification

Q3 → Assumptions and Risks

Q4 → Inputs (Tasks and Resources)

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13
Q

What is the core logic structure of the LogFrame?

A

If we do X, then Y will happen — assuming Z conditions are met.

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14
Q

Why is the LogFrame matrix useful beyond just project planning?

A

It doubles as a team alignment tool, evaluation framework, communication guide, and strategy clarifier.

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15
Q

What makes the LogFrame approach universally applicable?

A

It solves recurring issues (unclear goals, poor execution, lack of buy-in) that appear in all project types and sectors.

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16
Q

What do Minnie and Mickey symbolize in strategic project design?

A

The risks and unintended outcomes of projects that are started without considering assumptions and external factors.

17
Q

Why is the LogFrame called the “Swiss army knife of strategy”?

A

Because it serves many functions: design, communication, evaluation, team-building, and more.

18
Q

What are examples of when to use a LogFrame?

A

-New idea or pivot

-Fuzzy goals from a strategy doc

-Team misalignment

-Surprise risks

-Feasibility testing

-Opportunity evaluation

19
Q

What are the three enablers of effective early project planning?

A

A common language, a common process, and an organized framework.

20
Q

What’s the difference between strategic project management and regular project management?

A

Strategic PM designs from the Why first and links all actions to strategic impact — not just execution.