What is "Readjustig goal and Milestone" in project
managment and project planing
Answers were Sorted based on User's Feedback
Answer / n krishnaswamy
Milestone is nothing but important achievement in a
project.If there is any Scope Creep, then Readjusting
Goal comes into picture
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Answer / kiran
Milestone : is a check point to verify the progress of our
project activities. Internally, we will divide the project
into various chunks and have milestones to testify our
approach towards the project goal.
Readjusting : If you identify team is behind the
expectations and far from the milestone, we have to further
work on the milestone by reducing the scope or increasing
the resources or productive hours.
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Answer / srikanth
It is a part of Change management process. Most probably
one will Readjust the goal only if the scope of the work
changes and hence accordingly change the milestone.
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Answer / shri
Change in requirement requires you to re-adjust goal of the
project and milestones in-turn.
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Answer / somnath mukherjee
Re-adjustment in goals and milestones also come from
factorizing the critical success ratios in a project. This
is an ongoing process that gets re-visited in a project
life cycle, especially impacting the development and
delivery approach. Goals will hardly have a potential
change, but milestones will be vulnerable to the demand of
the time, cost, speeded success and most importantly, the
utilization of the resource pool - both human and non-
human.
| Is This Answer Correct ? | 2 Yes | 7 No |
Which of the following describes the Executing process? A. Project plans are put into action. B. Project performance measurements are taken and analyzed. C. Project plans are developed. D. Project plans are published.
Receivers in the communication model filter their information through all of the following except: A. Culture B. Knowledge of subject C. Conflict D. Language
Which of the following is true regarding the Resource Planning process? A. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. B. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. C. Resource Planning encompasses all the physical resources needed for the project, and its output is staffing requirements. D. Resource Planning encompasses all the physical resources needed for the project, and its output is resource requirements.
What is the difference between project, program, and portfolio?
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Arizona or Nevada. You have derived the following information: Project Arizona: Payback period is 18 months, and the NPV is 250. Project Nevada: Payback period is 24 months, and the NPV is 300. Which project would you recommend to the selection committee? A. Project Arizona because the payback period is shorter than Project Nevada B. Project Nevada because the NPV is a positive number C. Project Arizona because the NPV is a negative number D. Project Nevada because the NPV is a higher number than Project Arizona's NPV
When a project is being performed under contract, the product description is provided by which of the following? A. The buyer B. The project sponsor C. The project manager D. The contractor
You are a project manager for Cashiers Systems. Your company produces cashiering systems and software for the retail industry. Your customer has requested a change that will change the characteristics of the cashiering system. You've described the characteristics of the cashiering system using this tool and technique of the Integrated Change Control process: A. Product description B. Product analysis C. Decomposition D. Configuration management
Which of the following is true regarding constraints and assumptions? A. Constraints restrict the actions of the project team, and assumptions are considered true for planning purposes. B. Constraints are considered true for planning purposes, and assumptions limit the options of the project team. C. Constraints consider vendor availability and resource availability to be true for planning purposes. Assumptions limit the project teamwork within predefined budgets or time lines. D. Constraints and assumptions are inputs to the Initiation process. They should be documented, as they will be used throughout the project Planning process.
Which of the following contracts should you use for projects that have a degree of uncertainty and require a large investment early in the project life cycle? A. Fixed price B. Cost reimbursable C. Lump sum D. Unit price
You are a project manager responsible for the construction of a new office complex. You are taking over for a project manager who recently left the company. The prior project manager completed the project charter and the scope statement for this project. In your interviews with some key stakeholders, you conclude that the scope statement was poorly constructed. You know all of the following are true except: A. It will be difficult to assess future project decisions from this scope statement. B. It will be difficult to decompose the deliverables from this scope statement. C. It will be difficult to assess cost and time estimates from this scope statement. D. It will be difficult to create an accurate WBS from this scope statement.
You are the project manager for Heart of Texas casual clothing company. Your project involves installing a new human resources system. You've identified the risks associated with this project and are ready for the next step. What is the next step? A. You will evaluate the risks and assign probabilities and impacts using Qualitative and/or Quantitative Risk Analysis. B. You will use the Delphi technique to confirm the risks you've detailed and identify others you may have missed. C. You must evaluate the risks and assign probabilities and impacts using both Qualitative Risk Analysis, which comes first, then Quantitative Risk Analysis. D. You will define the steps to take to respond to the risks and detail them in the risk response plan.
Mathematical models using linear, dynamic, integer, or algorithm models are considered: A. Project selection criteria B. A form of expert judgment C. Project selection methods D. A form of historical information