Project Management 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

Definition of program

• Done only once, a new product or service exists when the process is completed

• The process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives

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

• A group of related projects designed to accomplish a common goal over an extended period of time

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

The process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives is called ....................................

• Program Management

• Project Management

• Project

• Program

Which statement is FALSE for project management?

• Single objective

• Timescale is clearly defined

• High-level and evolving planning

• The scope is narrow

The TRUE statements of program management

• The success factors are time, budget and specification

• The focus is business strategy

• The changes is regarded as inevitable

• The deliverables are many initially undefined

The stages of project life cycles

• Plan

• Execute

• Closure

• Define