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1. What are the key motivators driving businesses to adopt the principles of
project management?
- ANSWER Controlling costs
Improving productivity
Achieving business results
2. What is integration management?
- ANSWER Includes processes and activities needed to identify, define, and
coordinate various processes and project management activities
2. What is scope management?
- ANSWER Includes the processes that ensure that all the work required is
identified to complete the project successfully
3. What is time management?
- ANSWER Includes the processes required to manage the timely completion
of the project
4. What is cost management?
,- ANSWER Includes the processes involved in planning, estimating, budgeting,
managing, and controlling costs so that the project can be completed within the
approved budget
5. What is quality management?
- ANSWER Includes processes and activities that determine quality policies,
objectives, and responsibilities
6. What is human resources management?
- ANSWER Includes the processes that organize, manage, and lead the project
team
7. What is communication management?
- ANSWER Includes processes to ensure timely and appropriate planning,
creation, distribution, management, control, and monitoring of project
information
8. What is risk management?
- ANSWER Includes the processes of conducting risk management planning,
identification, analysis, response planning, and controlling risk on a project
9. What is procurement management?
- ANSWER Includes the processes necessary to acquire products, services, or
results needed from outside the project team
10. What is stakeholder management?
- ANSWER Includes the processes required to identify all people or
organizations impacted by the project, analyze stakeholder expectations, and
develop appropriate strategies for effectively engaging stakeholders in project
decisions and execution
11. What are some of the people skills a project manager must have?
,- ANSWER - Negotiation
- Conflict resolution
- Written and oral communication
- Prioritization
- Budgeting of money and time
12. What are operations?
- ANSWER Operations are the ongoing, daily activities of an organization that
produce revenue and expense. They continue over an indefinite period of time,
creating business transactions and delivering products and services that generate
revenue. They are the activities that typically are thought of as what the
organization "does."
Operations are, simply put, the ongoing, day-to-day activities that a company, a
not-for-profit, or a government entity engages in. There is not a specifically
defined start date, there is no specifically defined end date, and there is no unique
product, service, or result as an output from the operation.
13. Does a project always result in a new product or service?
- ANSWER No. A project may be undertaken to improve an existing product or
service.
14. What is business strategy?
- ANSWER A business's strategy consists of the activities, methods, and tactics
that will be employed to meet the business's goals.
15. Who determines a firm's strategy?
- ANSWER The firm's senior executives
16. What are the triple constraints in project management?
- ANSWER Scope, schedule, and budget
17. Why is proper documentation of a project important?
, - ANSWER It will increase the "corporate memory" derived from lessons
learned
18. What is a program?
- ANSWER A program is a group of projects that support the goals and
objectives of the company
19. What is a portfolio?
- ANSWER A group of related programs that support a long-term company
goal or objective
20. What is the PMI definition of project management?
- ANSWER The application of knowledge, skills, tools, and techniques to
project activities
21. What is a general definition of project management?
- ANSWER The management and execution by an organization's resources in
order to move the tasks and assignments of development and other continual
improvement endeavors toward successful completion
21. What are the phases of the project life cycle?
- ANSWER Defining, planning, executing, closing
22. What is a mnemonic to remember the phases of the project life cycle?
- ANSWER Darling Phil's exciting cluckers (defining, planning, executing,
closing)
23. What activities take place in the defining phase?
- ANSWER Determining the project's sponsor and the project's manager;
creating a project charter
24. What is a project charter?