TME3313 Midterm Exam
Latest 2024 Actual Exam Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+
What are the triple constraints?
- answer: time, scope, cost. Managing all these three is the key to a successful project.
Changing one of them causes all the others to change.
Definition of a project –
answer: temporary endeavor undertaken to produce a unique product, service, or result.
Can projects be repeated?
- answer: technically no, they are a unique one-time thing. Routine tasks are not projects.
What is the goal of project management in a project?
- answer: to increase success rate of a project.
Indicators of a successful project - answer:
Efficiency
Impact on customer
Business impact on the organization
Opens new opportunities for the future
Negative sides of project management? - answer:
Increased org. Complexity
conflicts,
What is risk -
answer: the uncertainty about our ability to meet project goals due to various factors in the
project life cycle
Three parts of a project life cycle - answer:
, TME3313 Midterm Exam
Latest 2024 Actual Exam Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+
Project initiation
Project planning
Project execution
What does a project begin with?
- answer: a business case.
What does the business case include?
- answer: monetary costs and benefits, and nonmonetary factors like increased efficiency,
competitiveness, behavioral impacts, etc
Who employs the project owner and what is the pos role
- answer: the funder employs them and they are accountable for working with all parties to
ensure the business case and benefits are realized.
From what stage of a project should the pm be brought in?
- answer: they should be included in the business case (initiation) throughout the planning
and execution.
How many strategic goals should do the best projects tend to have?
- answer: 1
List some challenges in project management besides the triple constraints - answer:
-meeting strategic goals
-increasing efficiencies
-streamlining decision making
-keep up with technology
Latest 2024 Actual Exam Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+
What are the triple constraints?
- answer: time, scope, cost. Managing all these three is the key to a successful project.
Changing one of them causes all the others to change.
Definition of a project –
answer: temporary endeavor undertaken to produce a unique product, service, or result.
Can projects be repeated?
- answer: technically no, they are a unique one-time thing. Routine tasks are not projects.
What is the goal of project management in a project?
- answer: to increase success rate of a project.
Indicators of a successful project - answer:
Efficiency
Impact on customer
Business impact on the organization
Opens new opportunities for the future
Negative sides of project management? - answer:
Increased org. Complexity
conflicts,
What is risk -
answer: the uncertainty about our ability to meet project goals due to various factors in the
project life cycle
Three parts of a project life cycle - answer:
, TME3313 Midterm Exam
Latest 2024 Actual Exam Questions And Correct
Detailed Answers (Verified Answers) |Already
Graded A+
Project initiation
Project planning
Project execution
What does a project begin with?
- answer: a business case.
What does the business case include?
- answer: monetary costs and benefits, and nonmonetary factors like increased efficiency,
competitiveness, behavioral impacts, etc
Who employs the project owner and what is the pos role
- answer: the funder employs them and they are accountable for working with all parties to
ensure the business case and benefits are realized.
From what stage of a project should the pm be brought in?
- answer: they should be included in the business case (initiation) throughout the planning
and execution.
How many strategic goals should do the best projects tend to have?
- answer: 1
List some challenges in project management besides the triple constraints - answer:
-meeting strategic goals
-increasing efficiencies
-streamlining decision making
-keep up with technology
