L5M8 Exam Dumps - Project and Change Management

TheChange Cycle(Salerno and Brock) followsLoss → Doubt → Discomfort → Discovery → Understanding → Integration. Early stages involve emotional loss and uncertainty before adjustment begins.

Aninterchange costarises when there is inefficiency or delay between process stages in the value stream. In Lean thinking, ideal flow minimises these gaps to improve cycle time and efficiency.

TheTriple Bottom Line (TBL)measures organisational sustainability by assessing impact onPeople,Planet, andProfit. It extends success evaluation beyond financial metrics to include social and environmental outcomes.

Theory-Driven Evaluationseeks to understand thecausal mechanisms—how and whya project achieved (or failed to achieve) results — rather than merely measuring outputs.

Contained changerefers to scenarios where outcomes can bepredicted with a degree of probability, though not with complete certainty. Weather forecasting fits this — not fully certain (like closed change), but predictable through data and modelling.

InGreiner’s growth model, the first stage —Creative Evolution— is characterised byentrepreneurial energy,informal communication, andfounder-led creativitytypical of start-ups.

Aconsortium(collaborative grouping without forming a new legal entity) canexpand bidding capacityto access larger contracts and may involvelow capitalcommitment relative to alternatives. Creating anew legal entitycharacterises ajoint venture.