Block 02 - Project Objectives and Project Management Foundation

What is a project?

• It is unique, temporary, multidisciplinary, and organized.

• It is characterized by its uniqueness.

• It is not limited in time.

• It is limited neither financially nor in terms of personnel.

What are the characteristics of the project?

• limited in time

• Uniqueness

• Has limited, clearly defined resources at its disposal

• Involves a certain risk of failure

• Has no described goal

How do tasks in projects differ from those in day-to-day business?

• Goals in day-to-day business are often unclear, whereas in projects they are specific.

• In day-to-day business, the end result is the metric that counts, while in a project, functional efficiency is the measure.

• Tasks in day-to-day business are repetitive, while in a project they are new.

• The budget can be calculated more accurately in a project than in day-to-day business.

A program contains several interrelated projects and serves to achieve a strategic goal.

• The statement is correct

• The statement is wrong

A portfolio refers only to the collection of completed projects within an organization.

• The statement is correct

• The statement is wrong

Answer explanation

A portfolio is referred to as the totality of all projects and/or programs of an organization.

What is the goal of project portfolio management?

• Highlight the relationships between the various programmes and projects and the corporate strategy

• Improve the efficient processing of programmes and projects

• Promote better coordination between the projects

• Achieving synergies

Project types can be classified according to different criteria such as project content, size, scope, duration, etc., or project types can be differentiated by their contents.

• The statement is correct

• The statement is wrong

What are the four types of projects (content classification)?

• Investment projects

• Quality projects

• Event projects

• Research and development projects

• Organisational projects

In the company, a new inventory management system is being introduced. What type of project is this?

• Investment projects

• Organisational projects

• Research and development projects

• Event projects

A prototype of a drone is to be developed. What type of project is this?

• Event project

• Investment project

• Research and development project

• Organisational project