Lecture 10

What is a project?

• A temporary endeavour undertaking to create a unique product or service.

• A long-term ongoing activity with no specific end date.

• A routine task performed on a regular basis.

• A spontaneous action with no plan or objective.

A fund-raising campaign that takes place every year is a(n) __________, whereas this year’s event would be considered a __________.

• Program; subproject

• Subproject; project

• Ongoing operation; project

• Project; ongoing operation

What are project constraints in project management?

• The factors that make up the limitations of a project, including scope, budget, schedule, risk, quality, strategy, and resources.

• The factors that make up the opportunities of a project, including scope, budget, schedule, risk, quality, strategy, and resources.

• The factors that make up the goals of a project, including scope, budget, schedule, risk, quality, strategy, and resources.

• The factors that make up the stakeholders of a project, including scope, budget, schedule, risk, quality, strategy, and resources.

How are project constraints related to each other?

• They have no impact on the project outcome.

• They are completely independent of each other.

• They are competing with each other.

• They are not considered important in project management.

What are the four phases of a generic project life cycle?

• Identification, assessment, execution, and completion.

• Initiation, planning, implementation, and closeout.

• Design, development, testing, and deployment.

• Analysis, design, implementation, and evaluation.

What happens in the initiation phase of a project life cycle?

• Defining objectives and selecting the best courses of action.

• Carrying out the project and monitoring progress.

• Formalizing project acceptance and bringing the project to an end.

• Project authorization, scope definition, and needs analysis.

What happens in the planning phase of a project life cycle?

• Defining objectives and selecting the best courses of action (build the work breakdown structure [WBS], budget, schedule, resource requirements, and so on).

• Carrying out the project and monitoring progress.

• Formalizing project acceptance and bringing the project to an end.

• Project authorization, scope definition, and needs analysis.

What is one of the roles that project managers are expected to perform?

• Develop project scope and clarify requirements.

• Develop product specifications.

• Develop marketing strategies.

• Develop human resource policies.

List hard skills and soft skills needed by a project manager.

Hard skills:

Soft skills:

Answer explanation

Hard skills: technical planning, contracting, budgeting, measuring performance, monitoring quality, and analyzing risks

Soft skills: communicating, negotiating, leadership, problem solving, conflict resolution, team building, and political and cultural awareness