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Flashcards in PMF05092014 Deck (21):
0

A high level target that states the end result of the project

Project Goal

1

Project goal should be a ______ that is easy for everyone to understand

Simple statement

2

Further defines the goal by flushing out specific details. Smaller, detailed goals

Objectives

3

Types of objectives:

Strategies and tactics that supports business goals

E.g.
Increase traffic at our website
Reduce the return rates on orders

Business objectives

4

Types of objectives:

All about money matters

E.g.

Increase sales by 10%
Cut cost by 5%
Deliver a 15% return on investment

Financial objectives

5

Types of objectives:

Specify how good results must be

E.g.

Decrease returns by 20%
Increase customer satisfaction to 70%

Quality objectives

6

Types of objectives:

E.g.

Use of equupment design for environment
Use of computers with downtime under 2%

Technical objectives

7

Types of objectives:

E.g

Project finishes by release date
Use current company team members
Duplicate features from current system

Performance Objectives

8

Documenting objectives: How to document objectives well

Objectives should be:

Specific, measurable, realistic, time-related ( set a clear target date)

9

When writing a problem statement ____

Keep it short and simple
Easy to understand

10

How to evaluate alternatives and select the right solution

Selecting a strategy

11

Once you know the ____ for the project, you are likely to find more than one possible solution

Objectives

12

When selecting a strategy, you must first____

Assemble a small group of people familiar with the project to brainstorm strategy

13

Brainstorm group should read the following documents _____,______and ______ and begin generating possible strategies

Problem statement
Goal
Objectives

14

This activity should be a free flow of ideas. The purpose of this activity is to get as many ideas as possible before you begin to criticize or evaluate the strategies

Brainstorming

15

Strategy or Decision Matrix (see image)

Does the strategy meet the required ______?

Objectives

16

Strategy or Decision Matrix (see image)

How likely is this strategy meet the other _____?

Objectives

17

Strategy or Decision Matrix (see image)

Are the _____ of this strategy acceptable?

Risk

18

Strategy or Decision Matrix (see image)

Does this strategy fit the ____ of the organization

Culture

19

Recreate template (format) of Strategy/Decision Matrix

Check on paper

20

The _____you choose has to satisfy most, if not all, of the project ____

Strategy
Objectives