Intro

Question 1

What is a project?

Answer 1

A temporary endeavor undertaken to create unique product, service, or result.

Question 2

does a temporary have to be short?

Answer 2

no

Question 3

Important Characteristics of a project

Answer 3

• A project has a start & finish date
• A project has a life-cycle (a beginning & an end, with a number of distinct phases in between)
• A project has a budget with an associated cash flow
• Activities within the project are essentially unique & non-repetitive
• A project uses resources that may come from diff departments & need co-ordination
• A project has a single point of responsibility, i.e. the Project Manager
• A project has at least one definable objective, such as developing a marketable product or constructing a building
• Members within a project team have different roles & relationships with each other, and therefore need to be developed, defined & established early in the project

Question 4

What is project management?

Answer 4

• application of knowledge, skills, tools, & techniques to project activities in order to meet project requirements

Question 5

The four cornerstones of Project Management

Answer 5

• Budget/Cost
• Time/ Schedule
• Scope
• Quality
• (Client Satisfaction)

Question 6

5 Process Groups of Project Management

Answer 6

• Initiating
• Planning
• Executing
• Monitoring & Controlling
• Closing

Question 7

What process is in ‘initiating’ of the 5 process groups of project management?

Answer 7

• identity stakeholders

Question 8

What process is in ‘planning’ of the 5 process groups of project management?

Answer 8

• plan procurement management
• develop schedule

Question 9

What process is in ‘executing’ of the 5 process groups of project management?

Answer 9

• conduct procurement
• direct & management project work

Question 10

What process is in ‘monitoring & controlling’ of the 5 process groups of project management?

Answer 10

• Monitor & control project work
• Perform integrated change control
• Control scope
• Control procurements

Question 11

What process is in ‘closing’ of the 5 process groups of project management?

Answer 11

close project

Question 12

Role of project manager

Answer 12

• Ability to select and develop an operational team from the start
• Leadership and management ability
• Ability to anticipate problems, solve problems & make decisions
• Ability to integrate the project stakeholders
• Operational flexibility
• Ability to plan, expedite & get things done
• Ability to negotiate & persuade
• Understand the environment within which the project is being managed
• Ability to review, monitor and apply control
• Ability to administer the contract, the scope of work and scope changes
• Ability to manage within an environment of constant change
• Ability to keep the client satisfied