Information Technology Project Management Final Exam Questions and Answers 100% Pass

Information Technology Project Management Final Exam Questions and Answers 100% Pass project - Correct Answer ️️ -a temporary endeavor undertaken to create a unique product, service, or result Operations - Correct Answer ️️ -work done to sustain the business Projects end - Correct Answer ️️ -when their objectives have been reached or the project has been terminated Project Attributes - Correct Answer ️️ -unique purpose, temporary,Requires resources, Involves uncertainty project sponsor - Correct Answer ️️ -provides the direction and funding for the project Project managers - Correct Answer ️️ -work with project sponsors, the project team, and other people involved in a project to meet project goals Program - Correct Answer ️️ -group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually Program managers - Correct Answer ️️ -oversee programs; often act as bosses for project managers Triple Constraint - Correct Answer ️️ -scope, time, and cost Quadruple constraint - Correct Answer ️️ -scope, time, and cost, Quality Project management - Correct Answer ️️ -the application of knowledge, skills, tools and techniques to project activities to meet project requirements Stakeholders - Correct Answer ️️ -the people involved in or affected by project activities Stakeholders include - Correct Answer ️️ -sponsor, manager, team, support staff, customers, users, suppliers Project management tools and techniques - Correct Answer ️️ -assist project managers and their teams in various aspects of project management. (Project Charter, WBS, Gantt Chart, Diagrams) project portfolio management - Correct Answer ️️ -organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise's success Portfolio managers - Correct Answer ️️ -help their organizations make wise investment decisions by helping to select and analyze projects from a strategic perspective project charter - Correct Answer ️️ -a document that formally recognizes the existence of a project and provides direction on the project's objectives and management 3 basic organization structures - Correct Answer ️️ -Functional, Project, Matrix Functional Structure - Correct Answer ️️ -functional managers report to the CEO Project Structure - Correct Answer ️️ -program managers report to the CEO Matrix Structure - Correct Answer ️️ -middle ground between functional and project structures; personnel often report to two or more bosses; structure can be weak, balanced, or strong matrix leader - Correct Answer ️️ -focuses on long-term goals and big-picture objectives while inspiring people to reach those goals manager - Correct Answer ️️ -deals with the day-to-day details of meeting specific goals Work Breakdown Structure (WBS) - Correct Answer ️️ -a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. WBS provides the basis for planning and managing project schedules, costs, resources, and changes Decomposition - Correct Answer ️️ -is subdividing project deliverables into smaller pieces work package - Correct Answer ️️ -a task at the lowest level of the WBS analogy approach - Correct Answer ️️ -review WBSs of similar projects and tailor to your project top-down approach - Correct Answer ️️ -start with the largest items of the project and break them down bottom-up approach - Correct Answer ️️ -start with the specific tasks and roll them up mind mapping - Correct Answer ️️ -technique th