Chapter 3: Project Management Exam Guide |Question and Answer| 100% Correct

Chapter 3: Project Management Exam Guide |Question and Answer| 100% Correct Project Management (importance) *Answer* time-based completion and achievement of quality standards Three Phases *Answer* planning scheduling controlling Project Organization *Answer* formed to ensure that programs (projects) receive the proper management and attention Projects *Answer* related tasks directed to a major output Work Breakdown Structure (WBS) *Answer* hierarchical framework that involves breaking a project down into a series of smaller tasks Lowest Level in WBS *Answer* identifies activities that report work packages Project Scheduling *Answer* involves sequencing and allotting time to all project activities Gantt Chart *Answer* horizontal bar chart representation of a set of tasks Network Techniques *Answer* PERT, CP