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Project Management Study QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

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Project Management Study QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

Institution
Project Management
Course
Project Management









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Institution
Project Management
Course
Project Management

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Uploaded on
March 13, 2025
Number of pages
6
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

Subjects

  • project management

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Project Management Study

Five Impacts of Project Management - ANS-1. Business gain
2. Aggressive advantage
three. Accurate and well timed facts to maintain competitive part
4. Clean roles and responsibilities enables decrease conflicts and confusion
five. Effective communication
5 tiers of project management - ANS-1. Initiation
2. Planning
three. Execution
4. Controlling
5. Closing
a communications management plan - ANS-incorporates an outline of the diagnosed
challenge stakeholder statistics desires and defines method for speaking in the course of the
venture.
Activity relationships - ANS-a diagramming method to illustrate the interest's logical
relationships: Finish to Start, Start to Start, Finish to Finish, and Start to Finish
an Activity On Node (AON) diagram - ANS-1) activities are sequenced (predecessors and
successors are determined)
2) activity paths are decided
3) length of each path is calculated
4) important path is identified (longest direction & determines the soonest the venture will
entire)
Earned Value Management (EVM - ANS-EVM is a way for monitoring and controlling your
scope, time, and value baselines. With EVM, you could calculate variances that show you if
your task is on the right track.
-Planned values for fee and begin/end times
- Actual costs
- Estimate of how a whole lot work became completed
Effective control of stakeholders - ANS-Defines the method to coping with challenge
stakeholders in the course of the venture life cycle
Maximize support from stakeholders and limit disruptive consequences on venture
Elements for PM - ANS-1. PM factors- process companies, approaches
2. Life cycles- linear, iterative, adaptive, and agile
three. Phases- life cycle levels for critiques, milestone, and deliverables
four. Organizations-
Enterprise Environmental Factors - ANS-regulations for team of workers hiring and firing,
centers and gadget getting used in the venture, equipment that will help you as a
undertaking manager
Features of unsuccessful tasks - ANS-Unnecessary & / or unapproved scope modifications
Lack of a trade manage control technique
Not the usage of or improperly following alternate methods
Not following the task management plan
Poor venture monitoring & controlling

, Continuously gathering necessities
Requirements which can be poorly defined and aren't understood
Undefined or poorly described scope
Over-constructive or unrealistic assumptions
Unclear assignment roles & obligations
Functional employer - ANS-initiatives function within a single functional unit or throughout a
couple of units
Gannt Chart - ANS-Created in 1910
Human Resources Management Plan - ANS-Assigned crew member roles & responsibilities
Approach for coping with group individuals and staffing policies
Describes how venture sources can be acquired and launched
Describes how group members will be managed.

After the mission crew has identified all activities that ought to be completed they determine
resource requirements which might be used to broaden a human aid plan
Key Baselines - ANS-1. Scope: Tasks and paintings applications in Work Breakdown
Structure
2. Time: Planned begin and stop instances for all paintings packages
three. Cost: Estimated value for every work package
Key demanding situations to fulfillment - ANS-1. Lack of Planning
2. Lack of Resources- Skills, Time, Money
3. Scope Creep
Key roles of undertaking initiation - ANS-1. Stakeholder
2. Champion - predominant recommend committed to the project and its success
3. Sponsor - gives the funding for the mission
four. Customer - determines if the challenge is successful or now not
5. User - uses the goods of the assignment
Keys for a successful challenge assembly - ANS-- Project sponsor need to introduce the
undertaking: introduce stakeholders
-Review roles and responsibilities of stakeholders
-Review factors from challenge charter: project targets, commercial enterprise case,
projected timeline, funding status, deliverables
- Discuss venture organizational shape
- Dedicate a workforce person to help the meeting
Kick-off meeting - ANS-- Gain support for the undertaking
- Engage stakeholders so that they can clear up any questions or issues before venture
planning
Matrix employer - ANS-assignment workforce have dual loyalties, to the undertaking and
their functional unit
Methods of communication - ANS-1. Interactive communique: meetings, phone calls, and
many others.
2. Push conversation: memos, reports, faxes, and many others.
3. Pull conversation: intranet sites, expertise repositories, and so forth.
Monitoring and control - ANS-tracking and manage is a fixed of ongoing sports that span the
whole challenge.
Organizational Process Assets - ANS-requirements and hints that practice to the paintings
being performed within the challenge. Your business enterprise may also have IT standards

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