ITPM Final Exam Questions and Correct Answers
What is a project? Ans: A temporary sequence of related activities that create a unique product or service. What is project management? Ans: The application of knowledge, skills, tools and techniques to project activities to reach project requirements. As Discussed in class, what are the 8 key characteristics of a project? Ans: - Temporary - Unique - Single Unique Purpose - Progressive Elaboration - Has a primary sponsor - Has constraints and risks - Does something, delivers something of value - Uses resources, often from various areas * What are the six basic functions of successful project management? Ans: - Manage Schedules - Manage Scope - Manage Cost - Manage Human Resources - Manage Quality - Manage ? What is a deliverable? Ans: A product or service produced or provided as part of a project. Define Elements Ans: Smallest part of a system being studied. Define Subsystems Ans: Smaller systems that are part of a larger system. Define Attributes Ans: Quantitative vs qualitative characteristics of a project. Define Environment Ans: Anything that lies beyond the decision makers control, yet influences the behavior or outcome of the system. Define Boundary Ans: what separates the system from the environment Define Objectives Ans: human-made systems are designed to do something Define Constraints Ans: every system has limitation
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