Timedora
Free Online Flashcard Deck

4 Project Oversight and Control Free Online FlashCards

Study 4 Project Oversight and Control with 12 free online flashcards. Review key terms, definitions, and concepts with this interactive flashcard deck.

12 cards
01
Front

How do project oversight and project control differ?

Back

Oversight checks whether work remains aligned with objectives and whether decisions or interventions are needed; control compares performance with approved plans, manages changes, and corrects problems.

02
Front

What is the purpose of a project status review?

Back

A status review examines progress, risks, issues, decisions, and forecasts to understand what has changed, what may happen next, and whether action is required.

03
Front

How do actuals differ from a forecast?

Back

Actuals are work completed, costs incurred, and results measured so far. A forecast is the best estimate of future results based on current evidence.

04
Front

What are common measures for monitoring project performance?

Back

Common measures include scope and deliverable acceptance, milestone dates, cost, quality, resources, risks, and expected benefits.

05
Front

What should a report explain when a critical milestone is forecast to slip?

Back

Explain the cause, downstream effects, available responses, and any decision needed. A label such as “amber” alone does not give decision makers enough information.

06
Front

How should review cadence and follow-up be managed?

Back

Match review frequency to the work and its risk. Record actions with an owner and due date, then follow up at the next review.

07
Front

What is a project stage gate?

Back

A stage gate is a formal decision point between phases or stages where decision makers review evidence about completed work and the project’s continuing viability.

08
Front

What decisions can be made at a stage gate?

Back

Decision makers may authorize proceeding, proceeding conditionally, pausing or deferring, or stopping the project.

09
Front

What should stage-gate criteria and authority address?

Back

Criteria may include deliverable acceptance, continuing strategic need, affordability, acceptable risks, available resources, and a credible plan for the next stage. Define decision makers and assurance requirements in advance.

10
Front

What information belongs in a change request?

Back

A change request should state the proposed change, its reason, alternatives, and effects on scope, schedule, cost, quality, risk, resources, and expected benefits.

11
Front

What must happen after a project change is approved?

Back

After approval, update affected plans and baselines, communicate the decision, and retain a record of what changed and why. Do not quietly alter a baseline to hide a variance.

12
Front

What does “plan” mean in project performance reporting?

Back

The plan is the approved baseline or current authorized target against which performance is monitored.