MAN 4583 EXAM 1 - BAZ UCF UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Question:
What constitutes a project? What is a project?
Answer:
• Temporary endeavor: beginning and end • Creates a unique product • Not a
continuous operation! A project is a unique endeavor that has a specific goal, a
beginning and an end, and usually a budget.
Question:
Distinguish between projects and operations:
Answer:
A project is any that produces a specific end result and is temporary; always have
a beginning and an end. An Operation is work that is done in a way that's
repeatable and ongoing, but it's not a project.
Question:
Explain the role of a Project Manager:
Answer:
• Assigned to achieve project objectives • Leads project team • Organizes project
resources • Can manage project at varying levels of complexity • Can manage
projects in different industries
Question:
Waterfall/Traditional approach is when each process occurs one after another;
works well when a project is relatively familiar, the goal and solution are easy to
identify, scope and deliverables are clear, and you use familiar technology or
tools.
Agile approach goes through iterations to get closer to and eventually reach a
successful outcome; also define what you are trying to achieve with each iteration
and develop a detailed plan for the work in that iteration, they typically use small
teams of highly skilled people who work in the same location; monitor and
control the project more closely and communicate faster and more frequently.
Answer:
Distinguish between Waterfall (Traditional) and Agile
project management:
Question:
What kind of skills do Project Managers learn?
Answer:
TECHNICAL SKILLS ( like what goes into a project plan, how to build and fine-
tune a project's schedule, and how to measure progress with tools like earned-
value analysis), BUSINESS EXPERTISE (You want to make sure that the project
achieves the goals and objectives that you identify during project planning. You
also need to understand your organization's business, what it does and what it
, considers important.), INTERPERSONAL SKILLS (Motivate and inspire people
working on your project with you)
Question:
Apply the Triple Constraint concept to communicate
project priorities:
Answer:
The triangle with TIME, COST, and PERFORMANCE.
(Resources, Quality, Risk)
Question:
Explain the concept and benefits of program and
portfolio management:
Answer:
Program management is a group of related projects designed to accomplish a
goal over an extended period of time.
Portfolio management is a group of projects or programs that are linked together
by a business goal.
Question:
Identify the different types of organizational structure in
relation to projects: FUNCTIONAL ORGANIZATION
Answer:
Different segments of the project are delegated to functional units; Coordination
through normal management channels; Works when one functional area has a
dominant interest in the project's
success
•Advantages
1. No structural change 2. In-depth expertise 3. Easy post-project transition
•Disadvantages
1. Lack of focus 2. Poor integration 3. Slow 4. Lack of ownershiP
Question:
Identify the different types of organizational structure in
relation to projects: DEDICATED PROJECT TEAM/
PROJECTIZED STRUCTURE
Answer:
Separate units led by full-time project manage
•Advantages
1. Simple
2. Fast
3. Cohesive
4. Cross-Functional Integration
•Disadvantages
1. Expensive
2. Internal Strife
3. Limited Technical Expertise
QUESTIONS AND CORRECT ANSWERS
Question:
What constitutes a project? What is a project?
Answer:
• Temporary endeavor: beginning and end • Creates a unique product • Not a
continuous operation! A project is a unique endeavor that has a specific goal, a
beginning and an end, and usually a budget.
Question:
Distinguish between projects and operations:
Answer:
A project is any that produces a specific end result and is temporary; always have
a beginning and an end. An Operation is work that is done in a way that's
repeatable and ongoing, but it's not a project.
Question:
Explain the role of a Project Manager:
Answer:
• Assigned to achieve project objectives • Leads project team • Organizes project
resources • Can manage project at varying levels of complexity • Can manage
projects in different industries
Question:
Waterfall/Traditional approach is when each process occurs one after another;
works well when a project is relatively familiar, the goal and solution are easy to
identify, scope and deliverables are clear, and you use familiar technology or
tools.
Agile approach goes through iterations to get closer to and eventually reach a
successful outcome; also define what you are trying to achieve with each iteration
and develop a detailed plan for the work in that iteration, they typically use small
teams of highly skilled people who work in the same location; monitor and
control the project more closely and communicate faster and more frequently.
Answer:
Distinguish between Waterfall (Traditional) and Agile
project management:
Question:
What kind of skills do Project Managers learn?
Answer:
TECHNICAL SKILLS ( like what goes into a project plan, how to build and fine-
tune a project's schedule, and how to measure progress with tools like earned-
value analysis), BUSINESS EXPERTISE (You want to make sure that the project
achieves the goals and objectives that you identify during project planning. You
also need to understand your organization's business, what it does and what it
, considers important.), INTERPERSONAL SKILLS (Motivate and inspire people
working on your project with you)
Question:
Apply the Triple Constraint concept to communicate
project priorities:
Answer:
The triangle with TIME, COST, and PERFORMANCE.
(Resources, Quality, Risk)
Question:
Explain the concept and benefits of program and
portfolio management:
Answer:
Program management is a group of related projects designed to accomplish a
goal over an extended period of time.
Portfolio management is a group of projects or programs that are linked together
by a business goal.
Question:
Identify the different types of organizational structure in
relation to projects: FUNCTIONAL ORGANIZATION
Answer:
Different segments of the project are delegated to functional units; Coordination
through normal management channels; Works when one functional area has a
dominant interest in the project's
success
•Advantages
1. No structural change 2. In-depth expertise 3. Easy post-project transition
•Disadvantages
1. Lack of focus 2. Poor integration 3. Slow 4. Lack of ownershiP
Question:
Identify the different types of organizational structure in
relation to projects: DEDICATED PROJECT TEAM/
PROJECTIZED STRUCTURE
Answer:
Separate units led by full-time project manage
•Advantages
1. Simple
2. Fast
3. Cohesive
4. Cross-Functional Integration
•Disadvantages
1. Expensive
2. Internal Strife
3. Limited Technical Expertise
