Intro to foundations of project management

Question 1

What is Project Management?

Answer 1

The application of knowledge, skills, tools, and techniques to meet the project requirements and achieve the desired outcome.

Question 2

What is a Project?

Answer 2

A Project is a unique endeavor, and usually includes a set of unique deliverables. It’s also a temporary pursuit. It has a defined beginning and end. It’s a series of task that need to be completed in order to achieve a desired outcome.

Question 3

Why is Project Management valuable to businesses?

Answer 3

Because it helps ensure that a project delivers the expected outcomes, both on time and within budget.

Question 4

Project Managers usually follow a process that involves….

Answer 4

Planning, organizing, managing tasks, budgeting, controlling costs, and other factors. In broad terms, a project manager also needs to make sure the the project outcome is bringing value to the company.

Question 5

Project Managers are in high demand. In 2017, a study by the Project Management Institute found that by the year 2027, employers will need 87.7 million people filling project management-aligned roles. According to that same study, the industries with the most growth are…..

Answer 5

Manufacturing, construction, information services, publishing, management and professional services, finance, insurance, utilities, oil and gas.