Project Management Chapter 1

The definition of project?

• The standard of something as measured against other things of a similar kind or the degree of excellence of something

• Permenant endeavour undertaken to create a unique product, service or result

• Temporary endeavour undertaken to create a unique product, service or result

• A distinctive attribute or characteristic possessed by someone or somethin

Major characteristics of project?

• An established objective

• A defined life span with a beginning and no end

• Usually the involvement of several departments and professionals

• Specific time, cost and performance requirements

Examples of project?

• Writing a term paper

• Writing a new piano piece

• Setting up a sales kiosk for a professional accounting meeting

• Routine manufacture of a cars

Which one of the following represents project?

• Wide scope and might have to change over time

• High-level plan providing guidances to goal

• Coordinated management across portfolios

• Success measured by budget, on time, outcome delivered according to scope

The CORRECT statement of project management

• The goals are closely related to broad strategic organization goals

• Provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives

• High-level plan providing guidances

• It is a results-oriented management style that places a premium on building collaborative relationships among a diverse cast of characters

Which statement is FALSE for project management?

• Single objective

• Timescale is clearly defined

• High-level and evolving planning

• The scope is narrow

The 1st stage of project life cycle

• Plan

• Execute

• Closure

• Initiate

The longest stage of project life cycle

• Closure

• Define

• Execute

• Initiate

The least effort level of project life cycle

• Plan

• Initiate

• Closure

• Execute

The tasks involved in the defining stage?

• Goals

• Resources

• Specifications

• Responsibilities