Lecture 1

Question 1

What is a project?

Answer 1

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

Question 2

What is the difference between a project and operations?

Answer 2

A project is temporary while operations are ongoing.
A project produces a unique product or service while operations provide repetitive product or service

Question 3

What is a project phase?

Answer 3

A collection of logically related project
activities, usually culminating in the completion
of a major deliverable.

Question 4

What is a project life cycle?

Answer 4

A collection of generally sequential project phases

Question 5

Name the steps in the SDLC

Answer 5

Planning
Analysis
Design
Implementation
Maintenance

Question 6

Name the 5 process groups.

Answer 6

Initiating
Planning
Executing
Monitoring and Control
Closing

Question 7

Name the three organization structure types

Answer 7

Functional
Matrix
Project Oriented

Question 8

Describe the functional structure

Answer 8

Functional structures are organized by specialized functions such as marketing, IT etc , with limited project manager authority.

Question 9

What is the PMBOK?

Answer 9

A compilation of proven practices used in the profession of
project management

Question 10

Describe the matrix structure

Answer 10

Matrix structures blend functional and project-oriented elements, creating dual reporting relationships.

Question 11

Describe the project oriented structure.

Answer 11

The organization is organized around projects. Project managers have full authority and control over project resources and decisions.

Question 12

What is scope?

Answer 12

Scope refers to all the work involved in creating the products
of the project and the processes used to create them.

Question 13

What is the Product Scope?

Answer 13

The sum of the features that
make up the product or service created by the
project.

Question 14

What is a scope statement?

Answer 14

Describes project’s deliverables and boundaries.

Question 15

Name the components of a scope statement.

Answer 15

Project scope description
Deliverables
Acceptance Criteria
Project Exclusions

Question 16

Lowest level of WBS is called a

Answer 16

Work Package

Question 17

List the knowledge areas

Answer 17

Integration Management
Scope Management
Schedule Management
Cost Management
Quality Management
Resource Management
Communication Management
Risk Management
Procurement
Stakeholder Management