ESET 419 QUIZ 1 QUESTIONS AND ANSWERS UPDATED 2025/2026 Project Definition - A project is an endeavor to accomplish a specific objective through a unique set of interrelated activities and the effective utilization of resources Project Attributes - -

ESET 419 QUIZ 1 QUESTIONS AND ANSWERS UPDATED 2025/2026 Project Definition - A project is an endeavor to accomplish a specific objective through a unique set of interrelated activities and the effective utilization of resources Project Attributes - -Clear objective -interdependent tasks -various resources -time frame -one time endeavor -sponsor or customer -degree of uncertainty (7 ans) Project Constraints - -Resources -Risk -Customer satisfaction -Scope -Quality -Stakeholders -Schedule -Budget (8 ans) Project Objective(?) - The objective should be defined in terms of end product or deliverable, schedule, and budget, and it must be agreed upon by the customer and the project team that will perform the project Phases of Project Cycle - -Initiating -Planning -Performing -Closing IPPC Initiating Phase - -Identify need, problem, or opportunity -Determine if select project -Develop project charter -Decide if RFP/consultant needed Planning Phase - -Show how project scope will be accomplished -Plan the work and work the plan -Develop baseline plan (What needs to be done,How it will get done,Who will do it,How long it will take, How much it will cost)What are the risks Performing Phase - -Accomplish project objectives -increase pace as more resources added -monitor and control progress -take corrective action as needed -manage and control changes with sponsor approval -achieve customer satisfaction with acceptance of deliverable Closing Phase - -Collect and make final payments -recognize and eval staff -conduct post project eval -document lessons learned -archive project docs Project Planning Process - -establish project objective -define scope -create WBS -Sequence activities -estimate activity resources -estimate activity durations -develop project schedule -estimate activity costs -determine budget Elements of Execution Phase - -Perform the work -Monitor and control progress -control changes Stakeholders - Stakeholders can include the customer/sponsor, subcontractors, suppliers, and organizations or groups Stakeholder Register - Created to identify stakeholders. Include: -key contact info -role or specific topics of interest -expectations -any known issues -areas of potential influence Identify Projects - -organizations strategic planning -response to unexpected event -group organized to address a need Project Selection - 1)Evaluate need 2)determine which are projects 3)select project (and develop criteria) 4)list assumptions 5)gather data 6)evaluate each opportunity 7)combine "gut" feeling with quantitative information to make decision