Project Environment

Question 1

What tool can be used to assess/analyse the environment of a project or organisation?

Answer 1

PESTLE

P - Political
E - Environment
S - Sociological
T - Technological
L - Legal
E - Environment

Question 2

Which business areas could be affected by the six factors identified in PESTLE?

Answer 2

• Customers
• The industry/marketplace
• Competitors
• Suppliers
• Internal capability
• Technology
• Intermediaries
• Stakeholders
• Time
• Governance requirements

Question 3

What tool can be used to assess/analyse the strengths, weaknesses, opportunities and threats of a project, and what does it bring?

Answer 3

SWOT - it help a project team consider opportunities and weaknesses that may not otherwise have been considered, and promote appropriate action.

Question 4

When is PESTLE & SWOT used?

Answer 4

PESTLE is used to assess the environment and to establish options for consideration.

SWOT can then be used to evaluate the options being considered for comparison.

Both can be used in the concept stage of the project life-cycle.

Question 5

What is VUCA?

Answer 5

VUCA refers to the increasing levels of;

• Volatility
• Uncertainty
• Complexity
• Ambiguity

Question 6

Why is VUCA important as a tool?

Answer 6

Uncertainty defies anticipation and detailed plans.

VUCA analysis gives project managers a perspective which enables them to identify emerging opportunities and threats that a more rigid planning and execution approach may miss.

It helps to avoid poor performing project delivery due to the plan and reality being misaligned.