Project Management FLASHCARD 2

Front

Define resource leveling in project management.

Back

Resource leveling is the process of adjusting project schedules to balance resource demand and availability.

Front

What is the purpose of estimating project costs?

Back

To budget, allocate resources, and assess project feasibility.

Front

Why are contracts important in project management?

Back

Contracts are important in project management because they define roles, responsibilities, and expectations, mitigate risks, ensure compliance, and provide a framework for dispute resolution.

Front

What are the essential attributes of a good project team?

Back

Clear communication, defined roles, diverse skills, strong leadership, collaboration, shared vision.

Front

What role does teamwork play in successful project execution?

Back

Teamwork is essential for successful project execution as it enhances collaboration, communication, and efficiency.

Front

What is project scope management?

Back

Project scope management involves defining and controlling what is included and excluded in the project.

Front

What is a project charter?

Back

A project charter is a document that formally authorizes a project and outlines its objectives, scope, and stakeholders.

Front

Define stakeholder analysis in project management.

Back

Stakeholder analysis is the process of identifying and assessing the influence and interests of stakeholders in a project.

Front

What is the significance of a project timeline?

Back

A project timeline outlines the schedule of tasks and milestones, helping to track progress and manage deadlines.

Front

What is risk management in project management?

Back

Risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.