Project Management

A project is an endeavour to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

• True

• False

A research firm secured $2 million to evaluate the treatment of water in selected countries over the next three years. This is an example of a project

• True

• False

Project management is 

• only used on projects that are well planned.

• used all over the world to help organizations meet customer needs. 

• used only on projects completed by teams external to the customer's organization. 

•  

  completed using one standard method. 

Global project management requires 

• the project team to speak another language fluently. 

• complex technology communication techniques. 

• an additional set of competencies in addition to project management skills. 

• moving the entire project team to the global locations to be collocated. 

The project management process involves two major functions 

• establishing the plan and executing the plan to accomplish the objective. 

• working with project managers and assigning the project team

• communicating with stakeholders and satisfying the customer. 

• determining the budget and expending the budget for work performed. 

Constraints for a project are :

• schedule, budget, and scope.

• quality, resources, risks 

• resources, budget, and customer satisfaction 

• a number of different factors that influence the project outcome.

 The level of effort is the same for all four phases of the generic project life cycle.

• True

• False

A work breakdown structure shows the necessary sequence and dependent relationships of the detailed activities for a project.

• True

• False

The project scope is all the work that must be done in order to produce all the project deliverables, satisfy the customer, and accomplish the project objective.

• True

• False

People are the only resource used in a project

• True

• False