Endoy, Neil Russell D.

BSAIS-3

Project Management:
Prelim Exam
September 22, 2021

Answer Briefly:

• What is project initiation? What are the six (6) steps? Discuss briefly.
Develop a business case- to determine the advantages and disadvantages of the job to be
done
Do a feasibility study- to determine the project's limitations, options, and underlying
assumptions
Establish the project charter- to give legal permission to do the task and the power to
allocate organizational resources to it
Identify stakeholders- to consider the perspective of anyone who may have a vested
interest in the project or project outcome
Appoint the project team and set up the project office- to find people with the necessary
abilities and skills to complete the project
Review the project and gain approval for the next phase
• Is feasibility study a vital step in project initiation? If yes why?
Yes, because it conducts how the outcome of the existence of the business will affect the
market and on how it would do well.
• Differentiate marketing from selling.
Selling directly handles how the product would be sold to the customers/consumers while
marketing is done on what appeal of the products are.