Project Management Life Cycle and Risks

Question 1

Developing a project charter to define objectives and scope.

Answer 1

• Initiation

Question 2

Creating a Work Breakdown Structure (WBS) to organize tasks.

Answer 2

• Planning

Question 3

: Carrying out project activities.

Answer 3

• Execution

Question 4

: Finalizing deliverables and assessing outcomes.

Answer 4

• Closure

Question 5

Risks arising from reliance on external or internal dependencies.

Answer 5

• Risks of dependencies

Question 6

Unanticipated issues that can affect project progress.

Answer 6

• Risks of the unknown

Question 7

Conflicts among stakeholders or team members.
Mitigation involves careful planning, communication, and contingency strategies.

Answer 7

• Risks of disagreement