PMBOK Study (Chapters 1-3) - Quiz 57 Final Questions With Correct Answers| download to pass|2024

Progressive Elaboration - ️️"Developing in steps and continuing in increments" Scope broadly described early in the project, made mroe explicit & detailed as the team develops a better & more complete understanding of the objectives & deliverables Project - ️️A temporary endeavor underatken to create a unique product, service or result. Has a definite beginning and end. Is a means of organizing activities that cannot be addressed within the organization's normal operational limits. Where do projects come from? - ️️1. Market Demand 2. Organizational Need 3. Customer Request 4. Technological Advance 5. Legal Requirement Project Management - ️️Application of Knowledge, Skills, Tools & Techniques to project activities to meet project requirements. It is accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring & controlling, and closing. Managing a Project Includes: - ️️1. Identifying Requirements 2. Establishing Clear & Achieveable Objectives 3. Balancing the competing demands for quality, scope, time & cost 4. Adapting the specifications, plans, and approach to the different concerns & expectations of the various stakeholders