Week 1 & 2 - Project Management

Which of the following is usually not part of the criteria for project success?

• Customer satisfaction

• Meeting at least 75 percent of specification requirements.

• Customer acceptance

• Meeting the triple-constraint requirements i.e. time, cost and quality/scope

Which of the following is generally not a benefit achieved from using project management?

• Flexibility in the project’s end date

• Improved risk management

• Tracking of projects

Define project management.

The potential benefits from project management includes:

• Increasing the need for continuous reporting.

• Identification of time limits for scheduling.

• Early identification of problems so that corrective action may follow.

• Reduce estimating capability for future planning.

• Knowing when objectives cannot be met or will be exceeded.

Budget of a project is the amount ______ or customer has agreed to pay for acceptable project deliverables.

The second phase of the project life cycle is

• performing

• closing

• initiating

• planning

Determine which phase projects are identified, selected and then authorized using a document referred to as a project charter.

In closing phase, various activities are conducted including

• Documenting lessons learned

• Staff recognition and evaluation

• Collecting and making final payments

• Project progress is monitored and controlled to assure the work remains on schedule and within budget

• Archiving project documents

When is corrective action as needed in performing stage?

Work breakdown structure, or WBS is a __________ breakdown of the project scope into work elements to be executed by the project team and produce the project deliverables.