Project Management — Final Crash Guide

Prof. Ahmet Kılıç · Scope: Phase 2 → Phase 5 · 15 MCQ + 5 classic

1 · Initmidterm
2 · PlanPrepare
3 · ExecDo
4 · MonitorMeasure
5 · CloseFinish
Foundation

The Big Picture (10-second recap)

The 5 Phases — learn the order

→ swipe table sideways

#Phase1 wordThe job
1InitiationStartGoal, feasibility, stakeholders, approval
2PlanningPrepareBreak down work, schedule, resources, cost, comms, risk
3ExecutionDoBuild it; manage time/cost/quality/change/risk…
4Performance & MonitoringMeasureTrack KPIs & scope; control cost/quality/risk; report
5CloseFinishFinal tests, resolve issues, debrief, report, celebrate
⚠ MCQ trap "Project Kick-off", "Project Validation", "Project Testing" are NOT phases. The 5 phases are: Initiation, Planning, Execution, Performance & Monitoring, Close.
Quick definitions

Project (PMI): a temporary endeavor undertaken to create a unique product, service, or result.

Project management: the initiation, planning, controlling, monitoring and completion of projects.

4 basic project goals (magic triangle): fulfill scope · meet deadlines (time) · keep to budget (cost) · meet quality.

02 · Phase Two

Project Planning

Planning turns the approved idea into a concrete plan. There are 6 planning documents, built in a chain — each one feeds the next.

Memorize this order
WBS Schedule Resource plan Cost plan Communication plan Risk plan

You can't schedule before you know the work, and you can't cost it before you know the resources.

1 · Work Breakdown Structure (WBS)

Cuts the whole project into smaller and smaller pieces. Its 3 elements:

  • Overall project / overall package — the whole thing (e.g. "the new battery")
  • Sub-project / sub-package — a task or phase to break down further (e.g. Hardware, Software)
  • Work packages (WP) — the smallest subtask that cannot be divided further in the WBS (e.g. Cell, Wires, API)
⚠ Trap A risk buffer is NOT part of the WBS — it belongs to risk/cost planning. WBS = overall → sub → work packages only.

2 · Schedule

Created from the WBS. For each work package you add its duration, responsibility (who does it), and dependencies (what must finish first). Result: a timeline of work packages.

⚠ Trap "Feasibility study", "stakeholder analysis", "monitoring" are NOT inputs to the schedule. The schedule comes from the WBS.

3 · Resource plan

Built from the schedule by adding effort estimation — how many person-days (PD) each work package needs, and who supplies them, week by week.

✓ Exam "With which input can a project resource plan be created?" → Effort estimation (from the schedule).

4 · Cost plan

Built from the resource plan. It estimates personnel and material effort. Each WP's cost is summed → total project cost; mapped onto the timeline → the cost plan. A buffer (Puffer) is added on top.

✓ Exam "Which input can create a cost plan?" → Cost plan consists of effort estimation for personnel and material effort.

5 · Communication plan

Goals: regulated exchange of information · optimize the information & communication flow · create transparency and clarity · promote and control communication through regular meetings.

⚠ NOT a goal "Evaluating, selecting and creating formal contractual agreements" — that's procurement, a different area, not the communication plan.

6 · Risk plan

A project risk = an event with a negative impact on project results. It threatens timelines, costs, results, quality — and even customer satisfaction.

RiskProblem
WhatA scenario that may or may not happenA fact that has already happened / exists
One wordUncertaintyFact
You can…Prevent or reduce itOnly solve it now

Risk Management Process — 4 steps:

  1. Identify project-specific risks
  2. Evaluate the identified risks (how likely, how bad)
  3. Set measures for risk minimization / reduction
  4. Monitor and control risks periodically
⚠ Trap "Improvement of project risks" is NOT a step of the risk management process. The 4 steps are identify → evaluate → set measures → monitor.
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03 · Phase Three

Project Execution

Where the work happens. The PM directs and manages the project. Work is organised into 9 management areas.

The 9 management areas — names matter

Time · Cost · Quality · Change · Risk · Problem (Issue) · Procurement · Acceptance · Communication.

⚠ Trap "Stakeholder management", "Test management", "Road-map management", "Management process" are NOT execution areas. (Stakeholder mgmt belongs to Phase 1.)

Cost management

The process of estimating, budgeting and controlling project costs. Begins in planning, continues through the project so the budget is not exceeded.

✓ High-yield Actual costs > planned costs?Find the root cause of the deviation and define measures. (Not "stop the project", not "cut personnel cost".)

Quality management

The planning, control and optimization of business processes and value chains, based on pre-defined requirements. Aim: improve quality or keep it consistently high.

ISO 9001 goal The aim of QM is to optimize processes and value chains and maintain them at a high level.
⚠ Note The PM is NOT directly responsible for quality — the quality engineer is. The PM must understand the goal and process.
Part of QM = Control (not Test, not Risk, not Monitoring as the "part").

Change management

All activities meant to bring a major change in an organization. The process is a loop:

Request for change Impact analysis Approve Implement Review
✓ Exam "Part of change management?" → Impact analysis / Request for change. (NOT "risk reduce", NOT "cost plan", NOT "problem solution".)

Risk management & the risk matrix

Risk management never stops (identify → evaluate → set measures → monitor). The risk matrix plots probability against damage (low / medium / high).

Red zone Risks in the red zone are highly critical and cannot be tolerated. You must define measures to reduce their probability or their consequences.

Problem management

Aim: prevent problems before they occur · find solutions to recurring faults · reduce the impact of incidents.

8 steps: Identify the problem → Determine root cause → Organize & prioritize → Find an intermediate solution → Create a database of known bugs → Take time for change management → Solve the problem → Analyze the process.

⚠ Trap "Identification of risks" is NOT a step of problem management — it's risk management. And "Increase the cost impact" is NOT something to achieve with problem management.

Procurement management

Involves evaluating, selecting and creating formal contractual agreements and managing supplier relationships. The PM mostly coordinates information for the procurement team; the legal department handles the bulk.

Communication management

Regulates the distribution of information to stakeholders throughout the whole project. PMI lists it as one of its ten knowledge areas.

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Inside Execution · Deep Dive

Time Management Methods

Benefits of time management: set limits between work and private life · reduce stressors · improve productivity · break bad habits.

⚠ Trap "Increase in time cost" is NOT a benefit of time management.
The 7 methods

1 · Timeboxing   2 · Timeblocking   3 · Pomodoro   4 · Eisenhower   5 · Eat the Frog   6 · Pareto   7 · GTD

⚠ Trap "Communication method" and "Innovation method" are NOT time management methods.

Match each method to its idea (MCQs love to swap these)

MethodCore idea
PomodoroTimer for 25 min, one task; 5-min break; after 4 rounds a 20–30 min break
EisenhowerSort by urgency × importance. "Two kinds of problems: urgent and important"
Eat the FrogTackle the large / complex task first, then less urgent work
Pareto (80/20)Spend 20% of time, achieve 80% of results
TimeblockingDivide the day into blocks of time for routine + prioritized tasks

Eisenhower matrix — 4 quadrants

TypeUrgent?Important?Action
AYesYesComplete as quickly as possible
BYesNoSchedule it
CNoYesDelegate if possible
DNoNoDiscard — time eaters
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04 · Phase Four

Performance & Monitoring

While the team executes, monitoring measures and controls the work — it runs in parallel with execution.

Steps & tasks of Phase 4
  • Report key performance indicators (KPIs)
  • Monitor change requests
  • Keep track of scope
  • Control costs, quality, and risk
  • Communicate with project partners, stakeholders, customers
⚠ Trap "Effort estimation", "Problem management", "Risk management", "Quality management" are Phase 2/3 tasks — NOT Phase 4. Phase 4 = Report KPIs (the one that IS a Phase-4 task).

Why monitoring matters

It lets you measure project performance and reduce risks and losses. The team stays ready to: keep to schedule · stay within budget · avoid scope increases · manage risk · improve quality.

KPIs

Definition KPIs are quantifiable measures used to evaluate the success of a project. They keep performance up to date so the PM decides with real data (timelines, budget, quality).

Example: range climbing 800 → 1000 → 2000 km, or fault rate (FIT) dropping across measures.

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05 · Phase Five

Project Close

Definition Project closure is the final phase where you resolve outstanding issues, share project results, and debrief with the team. It officially ends the project.
⚠ Trap Wrong closure definitions: "…before the project is finalized in order to check the test", "…keeps project results up to date", "…prepared for the next phase to evaluate the release". The correct one mentions resolve issues + share results + debrief.
Steps & tasks of Phase 5
  1. Perform final tests — make sure the result is stable
  2. Resolve open issues (project punchlist)
  3. Complete administrative tasks
  4. Inform the team about next steps
  5. Submit a final report & update stakeholders
  6. Hold a project debriefing (post-mortem)
  7. Create a roadmap for improvements
  8. Celebrate the success
⚠ Trap "Start feasibility study" is NOT a Phase-5 step (that's Phase 1). The Phase-5 odd-one-out answer is usually "Start feasibility study".

Why final tests matter

You perform final testing to ensure the end result is stable and performs as expected before officially completing the work.

⚠ Trap Not "to make sure quality is ok", not "cost within the limit", not "customer requirements are met" — the exam answer is "end result is stable and performs as expected".

Project debriefing — the target

A debrief is the optimal way to capture and process lessons learned. The team gives feedback on what went well, what didn't, and what to optimize next time.

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Written Questions

The 5 Classic Questions — full answers

How to get full marks 1 · Name it (which phase/concept) → 2 · List the parts (steps/factors) → 3 · Explain why (what it achieves) → 4 · Example (tie to the EV-battery example). Tap each to reveal the model answer.
C1 What is the difference between a risk and a problem?

A risk is a possible scenario that may or may not happen — it's about uncertainty. You can prevent or reduce it before it occurs.

A problem is a fact that has already happened or exists — you can only solve it now.

One-liner Risk = uncertainty (future, maybe). Problem = fact (present, real). Example: "the battery supplier might be late" is a risk; "the supplier is 3 weeks late" is a problem.
C2 What are the consequences of poor risk management during execution? (confirmed Q13)

Name it: Risk management is one of the 9 execution areas (Phase 3) and continues in Phase 4 monitoring.

What goes wrong: A project risk is an event with a negative impact on project results. If risks aren't identified, evaluated, reduced and monitored, they hit the project across the magic triangle:

  • Timelines slip (delays)
  • Costs overrun the budget
  • Results & quality drop below requirements
  • Customer satisfaction falls — relationships suffer

Why it matters: Risks left in the red zone of the risk matrix (high probability × high damage) cannot be tolerated — without measures to cut their probability or consequences, they can derail or even end the project.

Tie-in The fix is the 4-step process: identify → evaluate → set measures → monitor & control.
C3 What are the key responsibilities of the PM during project closing? (confirmed Q14)

Name it: Phase 5 — Project Close. The PM officially ends the project and sets up next steps.

Responsibilities / tasks:

  • Perform final tests — confirm the result is stable and performs as expected
  • Resolve open issues (clear the punchlist)
  • Complete administrative tasks (contracts, documents, accounts)
  • Inform the team about next steps
  • Submit a final report and update stakeholders
  • Hold a project debriefing to capture lessons learned
  • Create a roadmap for improvements
  • Celebrate the success with the team
Why Closing properly captures lessons learned, hands over responsibility cleanly, and prepares the organisation for the next project.
C4 What is the difference between Execution (Phase 3) and Monitoring (Phase 4)?

Execution (Phase 3) = doing the work. Build the deliverables, develop the team, assign resources, run the plans, and manage the 9 areas (time, cost, quality, change, risk, problem, procurement, acceptance, communication).

Monitoring (Phase 4) = measuring & controlling the work. Report KPIs, monitor change requests, keep track of scope, control cost/quality/risk, and communicate with partners.

One-liner Execution produces; monitoring checks. They run in parallel — monitoring measures performance to reduce risks and losses while execution does the building.
C5 Explain the 6 planning documents of Phase 2 and how they connect.

Name it: Phase 2 — Project Planning. Six documents built in a chain, each feeding the next:

  1. WBS — break the project into sub-packages and work packages (smallest indivisible tasks)
  2. Schedule — from the WBS; add each WP's duration, responsibility, dependencies
  3. Resource plan — from the schedule; add effort estimation (person-days, who supplies them)
  4. Cost plan — from the resource plan; personnel + material effort summed to total cost, plus a buffer
  5. Communication plan — regulated info exchange, transparency, regular meetings
  6. Risk plan — identify, evaluate, set measures, monitor risks
Why the order You can't schedule before you know the work (WBS), and you can't cost it before you know the resources. Each document depends on the previous one.
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Last 5 minutes

Cheatsheet — Answer Patterns

"Which is NOT…" answers

→ swipe table sideways

QuestionThe odd-one-out answer
NOT a phase of the life cycleProject Kick-off / Validation / Testing
NOT a task of Phase 3 (Execution)Stakeholder / Test / Road-map management
NOT a task of Phase 5 (Closure)Start feasibility study
NOT a step of risk managementImprovement of project risks
NOT a step of problem managementIdentification of risks
NOT a benefit of time managementIncrease in time cost
NOT a goal of communication planEvaluating/selecting supplier contracts
NOT achieved with problem managementIncrease the cost impact
NOT a time management methodCommunication / Innovation method
NOT part of WBSRisk buffer

"Correct answer" quick list

QuestionCorrect answer
Step/task of Phase 4 (Monitoring)Report KPIs / keep track of scope
Step/task of Phase 3 (Execution)Quality / Change / Risk / Problem management
Risk definitionA possible scenario that can or cannot happen
Problem definitionA fact that has already happened or exists
Actual cost > planned cost → do what?Find the root cause & define measures
Why final tests?Ensure end result is stable & performs as expected
Project closure definitionFinal phase: resolve issues, share results, debrief
QM goal (ISO 9001)Optimize processes & value chains, keep at high level
Part of quality managementControl
Part of change managementRequest for change / Impact analysis
Eisenhower principleTwo kinds of problems: urgent & important
Pareto principleSpend 20% of time, achieve 80% of results
Pomodoro method25-min focused blocks on one task
Communication plan goalRegulated exchange of information
Resource plan inputEffort estimation
Cost plan inputEffort estimation for personnel + material

Memory hooks

5 PhasesInit → Plan → Exec → Monitor → Close (Start–Prepare–Do–Measure–Finish)
Planning chainWBS → Schedule → Resource → Cost → Comms → Risk
9 Exec areasTime, Cost, Quality, Change, Risk, Problem, Procurement, Acceptance, Communication
Risk steps (4)Identify → Evaluate → Set measures → Monitor
Change loop (5)Request → Impact → Approve → Implement → Review
Risk vs ProblemRisk = uncertainty (maybe). Problem = fact (already).
Time methodsPomodoro 25min · Eisenhower urgent×important · Frog hardest-first · Pareto 80/20
Phase 5Final tests → resolve → admin → report → debrief → celebrate
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