ALL CORRECT ANSWERS
What is resource planning? - Answer-Determines what is needed for the project,
including people, Time, equipment, supplies, Materials, and how much of those
resources are needed to perform project activities
List three project management charts - Answer-Bar or Gantt.
Milestone.
Network diagrams.
List three types of cost management - Answer-Parametric modeling.
Bottom-up estimating.
Analogous.
Define quality planning - Answer-Process concerned with the targeting quality standards
that are relevant to a project and devising a plan to meet those standards
What are three cost associated with quality? - Answer-Preventative costs.
Appraisal costs.
Failure costs.
What are two types of risk? - Answer-Inherent risk.
Accountability control risk.
Risk identification - Answer-Identifying and documenting all risks that could potentially
impact the project
Risk management - Answer-The process of identifying, quantifying and mitigating
project risks.
Project versus processes - Answer-A process is an ongoing and repetitive sequence of
operations or events which produce an outcome in order to achieve organizational
objectives
Typical project life cycle - Answer-Concept/plan.
Design.
, Build.
Test/inspect.
Install/deploy.
Close.
Project process groups - Answer-Initiating.
Planning.
Executing.
Controlling.
Closing.
Three major reasons projects fail - Answer-Managerial support.
Lack of organizational commitment.
Communication breakdowns
Three primary activities affecting the success of a project - Answer-Project planning.
Risk management.
Communication.
Three primary constraints (triple constraints) - Answer-Schedule /time.
Budget /cost.
Quality /technical scope
Project management elements - Answer-Project leadership.
Project requirements.
Organization options.
Project team.
Project planning.
Opportunities and risks.
Project control.
Project visibility.
Project status.
Corrective action.
What is the purpose of the project and initiation? - Answer-To produce a charter, which
then recognizes the existence of a new project and commits resources to begin it.
Define goal - Answer-A state of affairs that a plan is intended to achieve.
What are objectives? - Answer-The tangible activities, outputs and measures to ensure
you meet your goals.
Objectives are SMART, what does SMART stand for? - Answer-Specific.
Measurable.
Achievable.
Realistic.