Project Management Certification Program
What is a Project? - ANS-a project is a temporary endeavor undertaken to create a unique
product or service.
Project has a life Cycle - ANS-Every project has a life cycle with definite start and end dates.
Project is Unique in Nature - ANS-The important tasks within a work are called projects. Thus,
projects differ from on-going operations, as they come into existence for a unique activity.
Project has an objective - ANS-In the above example, the objective is to develop a new
technology within the time schedule, resources, and budget earmarked for the purpose. A
project is deemed successful only if:
1. it is completed
2.The completion is within the budget
3. The completion is within the scheduled time
4. The completion satisfies the stakeholders.
Project Involves Risks - ANS-There are certain risks associated with all kinds of projects.
Project is an Amalgam of Different Activities - ANS-There are different activities involved in a
Project. All such activities are to be completed to complete the project.
Project is a single Entity - ANS-This single entity called project is a responsibility of one Project
Manager.
Project Involves Sub-Contracted Work - ANS-A project can have as much as 70-80% of its work
being sub-contracted to external agencies.
Project is a Collaborative Effort - ANS-In the context of Project Management, a project is a team
effort.
Project Grows in Stages - ANS-Once the project has been initiated, everything seems to fall into
place.
How do Projects Differ from One Another? - ANS-Speed, Location, Size, Scope, and
Technology
Construction Projects - ANS-Involve building structures like offices, factories, schools, and
mansions.
,Research Projects - ANS-Involve studying, testing, and examining a given subject, product, or
service.
Re-engineering Projects - ANS-Involve making additions and alterations in a given system, task,
or process.
Procurement Projects - ANS-Involve purchasing the required resources or commodities
Software Development Projects - ANS-Involve creating new computer programs or software, or
customizing the existing programs or software as per the needs and demands.
Planning Projects - ANS-Involve planning for an organization, society, club, institute, etc.
Installation Projects - ANS-Involve installing an equipment, machine, device, instrument, etc.
Event Management Projects - ANS-Involves managing an event like a fashion show, talent
show, corporate party, press conference, pleasure trip, etc.
Product/Service Projects - ANS-Involve creating a tangible product or an intangible service.
Maintenance Projects - ANS-Involve maintenance of a factory, office, industrial unit, etc.
What is a Project Management? - ANS-Project Management is all about managing costs, time,
scope, risks, and quality of the project. Project Management acts as a tool which enables a
Project Manager to streamline the various processes involved in the project. A deliverable is
reckoned as a quality deliverable if it has been created within the resources the organization
ahs earmarked for it, and satisfies the expectations of the stakeholders. "Project Management is
the application of knowledge, skills, tools, and techniques to project activities in order to meet or
exceed stakeholder needs and expectations from a project."
Importance of Project Management - ANS-Project Management is as important as winning.
Project Management spells out the techniques required to take a project towards its destination
in the prescribed time duration and approved budget.
Who is a Project Manager? - ANS-A Project Manager is the Captain of the team. He guides the
team, plans the strategies, tracks the progress of the activities, and monitors the whole work.
Project Manager should be: - ANS-Good Communicator
Skillful Team Manager
Judicious Planner
Friendly Guide
Domain Expert
Inspiring Leader
Stirring Motivator
, Smart at Problem Solving
Good at Calculations
Shrewd Negotiator
What's meant by the term "Stakeholders?" - ANS-The Organization that is carrying out the
project
The Project Manager who manages the project
The customers for whom the project deliverable is produced
The Project Sponsor who provides the funds or resources for the project.
What is a Project Deliverable? - ANS-The product or service to be produced through a project is
called the project deliverable. Is a measurable output of a project.
Initiating Project - ANS-Is the beginning or the launching of a project. This process gives a
formal confirmation to the necessity of undertaking a particular project. A project is started by
weighing its pros and cons and assessing all its aspects.
Planning - ANS-The planning phase includes all the factors associated with a project, whether
major or minor, internal or external.
Defining the scope of the project and its objective.
Planning the budget.
Planning the time schedules for the project activities.
Planning the procurement.
Planning the project team requirements and recruitment.
Planning the risks involved in the project.
Executing - ANS-Good plans needs to be well executed to make a project successful. A quality
deliverable is possible only if all the processes are qualitatively executed.
Controlling - ANS-The controlling phase keeps tabs on different phases of the project and
analyzes the qualitative and quantitative worth of all the activities that are carried out to
successfully complete the project.
It measures the project performance
it compares all the actual performances with the expected performance, as laid down in the
project plan.
in case of any discrepancy, it takes corrective measures to put the project back on track, as per
the plan.
Closing - ANS-There is an official announcement of the project closure. It involves important
activities like conducting the project audit, holding the final meetings, filing and submitting all the
project related documents and reports, presenting the project closure report and getting it
endorsed by the steering committee or the management.`
What is a Project? - ANS-a project is a temporary endeavor undertaken to create a unique
product or service.
Project has a life Cycle - ANS-Every project has a life cycle with definite start and end dates.
Project is Unique in Nature - ANS-The important tasks within a work are called projects. Thus,
projects differ from on-going operations, as they come into existence for a unique activity.
Project has an objective - ANS-In the above example, the objective is to develop a new
technology within the time schedule, resources, and budget earmarked for the purpose. A
project is deemed successful only if:
1. it is completed
2.The completion is within the budget
3. The completion is within the scheduled time
4. The completion satisfies the stakeholders.
Project Involves Risks - ANS-There are certain risks associated with all kinds of projects.
Project is an Amalgam of Different Activities - ANS-There are different activities involved in a
Project. All such activities are to be completed to complete the project.
Project is a single Entity - ANS-This single entity called project is a responsibility of one Project
Manager.
Project Involves Sub-Contracted Work - ANS-A project can have as much as 70-80% of its work
being sub-contracted to external agencies.
Project is a Collaborative Effort - ANS-In the context of Project Management, a project is a team
effort.
Project Grows in Stages - ANS-Once the project has been initiated, everything seems to fall into
place.
How do Projects Differ from One Another? - ANS-Speed, Location, Size, Scope, and
Technology
Construction Projects - ANS-Involve building structures like offices, factories, schools, and
mansions.
,Research Projects - ANS-Involve studying, testing, and examining a given subject, product, or
service.
Re-engineering Projects - ANS-Involve making additions and alterations in a given system, task,
or process.
Procurement Projects - ANS-Involve purchasing the required resources or commodities
Software Development Projects - ANS-Involve creating new computer programs or software, or
customizing the existing programs or software as per the needs and demands.
Planning Projects - ANS-Involve planning for an organization, society, club, institute, etc.
Installation Projects - ANS-Involve installing an equipment, machine, device, instrument, etc.
Event Management Projects - ANS-Involves managing an event like a fashion show, talent
show, corporate party, press conference, pleasure trip, etc.
Product/Service Projects - ANS-Involve creating a tangible product or an intangible service.
Maintenance Projects - ANS-Involve maintenance of a factory, office, industrial unit, etc.
What is a Project Management? - ANS-Project Management is all about managing costs, time,
scope, risks, and quality of the project. Project Management acts as a tool which enables a
Project Manager to streamline the various processes involved in the project. A deliverable is
reckoned as a quality deliverable if it has been created within the resources the organization
ahs earmarked for it, and satisfies the expectations of the stakeholders. "Project Management is
the application of knowledge, skills, tools, and techniques to project activities in order to meet or
exceed stakeholder needs and expectations from a project."
Importance of Project Management - ANS-Project Management is as important as winning.
Project Management spells out the techniques required to take a project towards its destination
in the prescribed time duration and approved budget.
Who is a Project Manager? - ANS-A Project Manager is the Captain of the team. He guides the
team, plans the strategies, tracks the progress of the activities, and monitors the whole work.
Project Manager should be: - ANS-Good Communicator
Skillful Team Manager
Judicious Planner
Friendly Guide
Domain Expert
Inspiring Leader
Stirring Motivator
, Smart at Problem Solving
Good at Calculations
Shrewd Negotiator
What's meant by the term "Stakeholders?" - ANS-The Organization that is carrying out the
project
The Project Manager who manages the project
The customers for whom the project deliverable is produced
The Project Sponsor who provides the funds or resources for the project.
What is a Project Deliverable? - ANS-The product or service to be produced through a project is
called the project deliverable. Is a measurable output of a project.
Initiating Project - ANS-Is the beginning or the launching of a project. This process gives a
formal confirmation to the necessity of undertaking a particular project. A project is started by
weighing its pros and cons and assessing all its aspects.
Planning - ANS-The planning phase includes all the factors associated with a project, whether
major or minor, internal or external.
Defining the scope of the project and its objective.
Planning the budget.
Planning the time schedules for the project activities.
Planning the procurement.
Planning the project team requirements and recruitment.
Planning the risks involved in the project.
Executing - ANS-Good plans needs to be well executed to make a project successful. A quality
deliverable is possible only if all the processes are qualitatively executed.
Controlling - ANS-The controlling phase keeps tabs on different phases of the project and
analyzes the qualitative and quantitative worth of all the activities that are carried out to
successfully complete the project.
It measures the project performance
it compares all the actual performances with the expected performance, as laid down in the
project plan.
in case of any discrepancy, it takes corrective measures to put the project back on track, as per
the plan.
Closing - ANS-There is an official announcement of the project closure. It involves important
activities like conducting the project audit, holding the final meetings, filing and submitting all the
project related documents and reports, presenting the project closure report and getting it
endorsed by the steering committee or the management.`
