Project Management Flashcard

Front

What is a project in the context of project management?

Back

A short-term undertaking that creates a unique good or service.

Front

What does a project generate in the business world?

Back

A specific deliverable or quantifiable result

Front

Which of the following is an example of a project deliverable? A daily report, A ceramic mug or bowl, A regular meeting, A random idea

Back

A ceramic mug or bowl

Front

What are the objectives of project management mentioned in the document?

Back

To explain the goals and identify the stages of project management

Front

What is a key difference between a project and business operations?

Back

Projects have a definite beginning and end; business operations are ongoing.

Front

Why are projects important to businesses?

Back

They enable businesses to adapt to a dynamic environment.

Front

What are projects that enhance, add to, or extend existing projects usually characterized by?

Back

They are usually undertaken on a smaller scale.

Front

Which type of project creates something entirely new? Options: Projects that enhance existing projects., Projects that use new technology., Projects that are a major departure from existing projects., R&D projects.

Back

Projects that are a major departure from existing projects.

Front

What do R&D projects typically require?

Back

A significant commitment of resources from stakeholders.

Front

What are the three main elements every project consists of?

Back

Resources, schedule, and outcome.