Chap 1: Modern Project Management

Question 1

What is a temporary endeavour designed to create a unique product, service or result?

Answer 1

project

Question 2

What kind of team does the project require to accomplish the work of the project?

Answer 2

Cross-functional team

Question 3

In order to determine the successful completion of the project, the outcomes should be?

Answer 3

measurable

Question 4

Who needs to determine if the project objectives are accomplished?

Answer 4

customer

Question 5

How does the performance of a project are typically measured?

Answer 5

On-time delivery, cost, quality

Question 6

What are two types of project constraints?

Answer 6

Triple constraint and balancing constraints

Question 7

What are the triple constraints?

Answer 7

Scope, time, and cost

Question 8

What do you call when a company wants to have everything planned very well in advance and have a very little chance of something going wrong?

Answer 8

risk-averse

Question 9

What do you call when you are seeking risk and you’re willing to take a chance to find out if something works & you may have a loss because it does not work but you’re okay?

Answer 9

Risk tolerant

Question 10

What is included in project management for balancing constraints?

Answer 10

(SQBSRR)Scope, quality, budget, schedule, resources, and risk

Question 11

What are the two types of sponsors?

Answer 11

Project sponsor and client sponsor

Question 12

Who is the key person in project management which funds the project?

Answer 12

sponsor

Question 13

Who(any person or entity) has a vested interest in the project?

Answer 13

stakeholders

Question 14

This role may have a positive or negative outlook on the project?

Answer 14

stakeholders

Question 15

Who directs the work of the project?

Answer 15

Project manager

Question 16

Who does the work of the project?

Answer 16

Project team

Question 17

They are also considered stakeholders?

Answer 17

Project team

Question 18

What are the steps for project process groups/phases?

Answer 18

Initiating, planning, executing, monitoring and controlling, and closing

Question 19

What do you call the phase when you’re starting to think about what project you might do? What would be those boundaries at the triple constraint of the project?

Answer 19

Initiating

Question 20

What do you call the phase where we talk about the goals, the requirements, what tasks and responsibilities might be involved in the project?

Answer 20

initiating

Question 21

What do you call where we spend most of our time thinking about all the different elements that have to come together to create a successful project?

Answer 21

Planning

Question 22

What do you call the phase where we have very detailed discussions and create schedules, we create very detailed budgets, we look again at the resources, the risks, and the staffing?

Answer 22

planning

Question 23

What do you call the phase where we take a look at the results to date with numbers and compare those to the plan?

Answer 23

Monitoring and controlling

Question 24

It is a way to see how we’re doing against the plan?

Answer 24

monitoring and Controlling

Question 25

A phase where evaluation and lessons learned review about how well did the project go and did we learn anything that can be applied for the next project?

Answer 25

closing

Question 26

What are the steps in the project management process?

Answer 26

Scope, schedule, and cost

Question 27

What is under ‘scope’ in the project management process?

Answer 27

Project objective, define scope, create WBS, (assign responsibility)

Question 28

What is under ‘schedule’ in the project management process?

Answer 28

Define activities, sequence activities, estimate activity resources, estimate activity durations, develop schedule

Question 29

What is under ‘cost’ in the project management process?

Answer 29

Estimate activity cost, determine the budget, (project baseline)

Question 30

What is under Defining in the Project Life Cycle?

Answer 30

(4) Goals, specifications, task, responsibilities

Question 31

What is under Planning in the Project Life Cycle?

Answer 31

(5) Schedules, budget, resources, risks, staffing

Question 32

What is under Executing in the Project Life Cycle?

Answer 32

(4) status reports, changes, quality, forecasts

Question 33

What is under Closing in the Project Life Cycle?

Answer 33

(5) train customers, transfer documents, release resources, evaluation, lessons learned

Question 34

Who manages temporary, non-repetitive activities and frequently acts independently of the formal organization?

Answer 34

Project manager

Question 35

This person induces the right people at the right time to address the right issues and make the right decisions?

Answer 35

Project manager

Question 36

What are the challenges of a project manager?

Answer 36

(1) Negotiate resources for the project (2) directly linked to the customer (3) provides direction, coordination, and integration to the project team (4) responsible for the performance & success

Question 37

Who induces the right people at the right time to address the right issue and make the right decisions?

Answer 37

project manager

Question 38

What is considered “Art” in Project Management?

Answer 38

Sociocultural

Question 39

What is the socio-cultural of project management?

Answer 39

(6) leadership, problem solving, teamwork, negotiation, politics, customer expectations

Question 40

What is considered “Science” in Project Management?

Answer 40

Technical

Question 41

What is the technicality of project management?

Answer 41

(6) scope, WBS, schedules, resource allocation, baseline budgets, status reports

Question 42

What is initiating?

Answer 42

- starting to think about what project you should do and triple constraints that might be involved - phase where we talk about the goals, requirements, tasks, and responsibilities involved.

Question 43

What is monitoring and controlling?

Answer 43

- where we take a look at the results to date with numbers and compare those to the plan - Is a phase to see how we’re doing against the plan

Question 44

What is planning?

Answer 44

- we spend most of our time thinking about all the different elements that have to come together to create a successful project - have very detailed discussions and create schedules, create very detailed budgets, we look again at the resources, the risks, and the staffing

Question 45

What is closing?

Answer 45

- where evaluation and lessons learned review about how well did the project go and did we learn anything that can be applied for the next project