Unit 1.01 - 1.02 Project Management

​ (a)   is a temporary endeavor undertaken to create a unique product, service, or result.

• Project
• project management

A project can go on forever with no end

• True

• False

The end of a project is reached when the project’s objectives have been NOT been achieved

• True

• False

​ (a)   Discipline of planning, organizing, and managing resources to bring about the successful completion of a project

• Project management
• project

Match the following

• Cost

• •Defines the boundaries of the project and what is outside those boundaries.

• Scope

• Establishing a timeline for completion of the project,

• Time

• •Ability of a process or product to satisfy both stated and implied needs, with those needs being defined by the stakeholders.

• Quality

• •Amount of money that will be required to complete the project successfully.

Match the following

• Communication

• •Two-way process of reaching mutual understanding in which participants not only exchange information, but also create and share meaning.

• Human Resources

• The way that businesses and organizations purchase or obtain goods or services. 

• Risk

• •Threat of a damage, liability, loss, or other negative occurrence that is caused by external or internal vulnerabilities, and that may be minimized or neutralized through preemptive action.

• Procurement

• •Knowledge, skills, values, and attitudes of those working on the project.

Put these 5 stages in order​

• monitoring and controlling
• execution
• Initiation
• planning
• closure

­Defines a new project or a new phase of an existing project

• Initiation

• planning

• execution

• monitoring and controlling

• closure

­Establish the total scope and order of the project

• initiation

• planning

• execution

• monitoring and controlling

• closure

­Carry out and complete the work as defined in the project management plan.

• initiation

• planning

• execution

• monitoring and controlling

• closure