Question

Which of the following is true about the green light achieved status? Select all that apply.

Options:
a) Project is on schedule
b) All deliverables met
c) Budget is exceeded
d) Risks have been mitigated

Answer 1

The green light achieved status in project management generally indicates that the project is on schedule, all deliverables have been met, and risks have been mitigated.

Step-by-step explanation:

The green light achieved status typically indicates a positive state of a project's progression. In the context presented, the options provided suggest aspects of project management that could be linked to this status. Specifically:

• The project is on schedule, meaning that tasks and milestones are being completed within the time frame that was planned.
• All deliverables met, implying that the tangible outputs that the project committed to providing have been successfully completed and approved.
• Risks have been mitigated, indicating that potential problems have been identified and actions have been taken to reduce their impact or likelihood.

On the other hand, option 'c' that suggests the budget is exceeded would typically not be associated with a green status as overshooting the budget is a negative indicator in project management.

Answer 2

A green light status in project management indicates that a project is on schedule, all deliverables have been met, and risks have been mitigated; it does not imply that the budget is exceeded.

Step-by-step explanation:

The green light achievement status in project management typically implies that certain key aspects of a project are meeting their objectives. In general, a green light status would indicate that the project is on schedule, all deliverables have been met, and that risks have been mitigated successfully. It does not usually imply that the budget is exceeded; on the contrary, staying within budget might be part of what allows the project to achieve a green status.

From the options given, we could infer that the correct selections regarding what is true about a project with a green light status would be:

• The project is on schedule.
• All deliverables have been met.
• Risks have been mitigated.

This status reflects that the project's progression aligns with its planned timeline (time-bound), is workable and within reach (achievable), and contributes towards reaching the overall goals (relevant), without any overruns on the budget.