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What are the 2 facts about project management that most people are unaware of? - ANSWERSFirst, project management has been around in some form since the dawn of civilization. Second, many of us engage in some form of project management without even realizing it. What is a project? - ANSWERSA project is any temporary endeavor with a specified start and end date that results in a unique product, service, or result What does Project management involve - ANSWERSmanaging everything about th...

The ____________ was developed in the 1950s and it uses a statistical approach to estimate the time that will be required to complete project work activities. - ANSWERSPERT (project evaluation and review technique) The ____________ project management method is used primarily in software/hardware development and the process flows in a logical, linear fashion; but, if any problems are found, returning the work back to the previous step is very expensive. - ANSWERSwaterfall The ___________ is...

Triple constraint - ANSWERStime, cost, scope Red light issues - ANSWERSthings that will immediately impact the success of the project yellow light issues - ANSWERSthings that may be impending issues arising for the future of the project, plus recommendations for how to avoid these issues from becoming problems program review - ANSWERS(monthly) multi project review for sponser and other senior managers; milestones 8 and 80 rule - ANSWERSavoid controlling tasks of less than 8 hours; do...

Why are projects in vogue? - ANSWERS1. Companies are most cost conscious 2. They want to know who did what for how long 3. The work is getting more complex 4. A better way to do cost accounting 3 Parts of a Systems View of PM - ANSWERS1. Systems Philosophy 2. Systems Analysis 3. Systems Management Systems Philosophy - ANSWERSView things as systems; interacting components working within an environment to fulfill some purpose Systems analysis - ANSWERSProblem solving approach Syst...

Ch 6 Which of the following represents an activity on an AON project network? A. an arrow B. a line C. a node D. both A and B E. A, B, and C - ANSWERSC. a node Ch 6 Arrows on an AON project network represent: A. an activity B. project flow C. dependency D. both B and C E. both A and B - ANSWERSD. both B and C Ch 6 Which of the following is provided by a project network but not by the work breakdown structure? A. dependencies B. sequencing C. interrelationships D. both A an...

The project must be reevaluated in view of the new long term strategic plans. – ANSWERS Your company has just revised its long-term goals and objectives as well as its long term strategic plans. What is the impact on an existing project? None. Proceed as planned. The project must be reevaluated in view of the new long term strategic plans. Accelerate the schedule before any directive to change the project. Finish the project. It conformed with the company's strateg...

Direct Overhead Costs - ANSWERSCosts from the project that are shared across the work activities. If workspace, supervision, project administration, equipment, or other resources are not related to a specific work activity, they are included as overhead and will be allocated to all work activities. Integration Management - ANSWERSIncludes processes/activities needed to identify, define, and coordinate various processes and project management activities. Scope Management - ANSWERSIncludes t...

What is a project? - ANSWERSIs any temporary endeavor with a specified start and end date that results in a unique product, service, or result. Project management - ANSWERSinvolves managing everything about the project to get the desired result. Organizations are complex entities that engage in two types of activities: - ANSWERSoperations and projects. Operations - ANSWERSongoing, daily activities of an organization that produce revenue and expense. They continue over an indefinite peri...

Between tasks you can insert _______ to help shorten the overall duration. a. lead time b. lag time c. float time d. slack time - ANSWERSa. lead time Which of the following must be identified for every activity and task in order to have the work performed? b. Label nodes d. Resources - ANSWERSd. resources For every activity and task we identify, we also must identify the resources required to perform the work. A _______ is when you start assigning dates based on the earliest start ...

Acceptance criteria - ANSWERSRequirements and conditions that must be met before the project deliverables are formally accepted. Acceptance test - ANSWERSA group of end-users work with the final product to test it for unidentified issues that may appear during routine use. Also known as User Acceptance Testing (UAT). Actual duration - ANSWERSThe number of hours or days expanded to complete a project activity. Actual effort - ANSWERSThe actual number of person hours or days expended ...