Question: There are 5 steps involved when defining a project. Which of the following is the first step?
A Execution
B Monitoring and Control
C Close
D Initiation
Answer: Initiation
| Steps involved when defining a project | Description | |
| 1
|
Initiation | · Determine the project’s purpose, objectives and feasibility.
· Identify stakeholders and create a project charter to define its scope and justification. · Decide whether to proceed with the project. |
| 2
|
Definition and Planning | · Develop a detailed project plan.
· Set specific goals, define the scope, create a project schedule, allocate resources and establish a budget. · Create risk management and quality assurance plans. |
| 3
|
Execution | · Put the project plan into action.
· Execute tasks and activities, and collaborate with the project team to create deliverables. · Effective communication is crucial in this phase. |
| 4
|
Monitoring and Control | · Continually monitor project progress and compare it to the plan.
· Track performance, make adjustments as needed and ensure the project remains on track. |
| 5
|
Close | · Finalize the project when objectives are met or it’s decided to terminate the project.
· Complete all activities, deliverables and documentation. · Capture lessons learned to improve future projects. |