ACTUAL EXAM 2025 WITH COMPLETE
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PROJECT MANAGEMENT LATEST
FINAL EXAM [BRAND NEW]
What is a project?
Any temporary endeavor with specific start and end dates that results in a unique
product, service, or result
What does project management involve?
Managing everything about the project to get the desired result
What are organizations?
Complex entities that engage in two types of activities: operations and projects
What is a project (in terms of business activity)?
,A project modifies the business or its products for future profitability. A project
develops a new product or service, including: new technology features, an
improved service, or cost reduction for the business in providing services, such as
better accounting systems.
What is a project charter?
The charter is a document that, like a contract, is agreed upon by the sponsor and
key stakeholders. It defines the project and authorizes the resources, roles,
responsibilities, authorities, and scope for the project.
What needs to be considered during the planning phase?
Technology
Business process
Staffing
Training
Testing
Communications
Budget constraints
Integration of the project with operations and other projects
What is executing?
Executing involves overseeing and managing all necessary work and assignments
by members of the project team that are required over the life of the project. This
includes overseeing the successful completion of the project deliverables in
accordance with the approved implementation schedule.
,What occurs during the closing phase?
The closing phase of the project occurs when the project is completed to the
customers' satisfaction. The closing of a project signifies that the project
deliverables have been successfully launched and the resulting project efforts are
complete. The closing phase includes not only the launch, but a review and transfer
of lessons learned.
What are the objectives of project management?
Meeting scope, budget, and schedule
What are the key motivators driving businesses to adopt the principles of project
management?
Controlling costs
Improving productivity
Achieving business results
What are general management skills?
Communication skills and techniques
What are the project management skills and techniques?
Schedule development, PERT charts, work breakdown, or risk management
, What is the project manager responsible for?
The project manager (PM) is responsible and accountable for managing the project
to maximize its success.
What is the difference between a working project manager and dedicated project
manager?
A working project manager is a functional manager who is responsible for
managing a project; a dedicated project manager's job is solely to manage projects.
What are some of the challenges associated with using "working" project
managers?
The working PM's skills and passions are usually related to the functional area, not
project management; the working PM may lack project management
skills/training; the working PM may lack time to manage the project due to his or
her other job duties; people from other disciplines may not report to the working
PM, but the working PM is responsible for the work they perform on the project
What should a project plan include?
Approved requirements, schedule resource plans, and budgeting requirements
In project management, what is a stakeholder?
Anyone who has an impact on or is impacted by the project