Project Management Basics

What is a project?

• A project is a permanent endeavor with no defined goals.

• A project is a personal hobby with no objectives.

• A project is a temporary endeavor with a defined beginning and end, undertaken to meet specific goals and objectives.

• A project is an ongoing task with no specific end date.

What are the key characteristics of a project?

• No budget, unclear objectives, unlimited resources, common deliverables, cross-functional teams

• Undefined start and end date, general objectives, abundant resources, repetitive deliverables, individual teams

• Flexible budget, vague objectives, unlimited resources, common deliverables, single-functional teams

• Defined start and end date, specific objectives, limited resources, unique deliverables, cross-functional teams

What is project management?

• Project management involves overseeing a project from start to finish, ensuring it is completed on time and within budget.

• Project management is a type of accounting software

• Project management involves only technical aspects of a project

• Project management is not necessary for successful project completion

What are the main phases of a project life cycle?

• Initiation, Planning, Execution, Closing, Review

• Design, Testing, Deployment, Maintenance, Evaluation

• Analysis, Development, Implementation, Review, Approval

• Initiation, Planning, Execution, Monitoring and Controlling, Closing

What is the purpose of project initiation?

• To review project deliverables

• To assign project tasks to team members

• To define the project scope, objectives, and initial feasibility.

• To finalize the project budget

What is a project scope?

• A project scope is a detailed timeline of project tasks.

• A project scope is a definition of the limits or boundaries of a project.

• A project scope is a list of potential risks in a project.

• A project scope is a summary of project expenses.

What is a project milestone?

• A project milestone is a term used interchangeably with project deadline.

• A project milestone is a minor detail that can be overlooked.

• A project milestone is a random event that has no impact on the project progress.

• A project milestone is a significant event or point in time within a project that marks progress or completion of a specific deliverable or phase.

What is a project deliverable?

• A project deliverable is a financial report created during a project.

• A project deliverable is a team meeting held at the end of a project.

• A project deliverable is a tangible or intangible item produced as a result of a project that is intended to be delivered to a customer, sponsor, or stakeholder.

• A project deliverable is a type of software used in project management.

What is a project stakeholder?

• A project stakeholder is an individual or group who has a vested interest in the project and can influence or be influenced by the project's outcome.

• A project stakeholder is someone who solely provides financial resources for the project.

• A project stakeholder is an individual who is not impacted by the project's outcome.

• A project stakeholder is a person who is responsible for the day-to-day project management tasks.

Why is project planning important?

• Project planning does not impact project success

• Project planning is a waste of time and resources

• Project planning is important to define the scope, objectives, timeline, and resources needed for a project.

• Project planning is only important for large projects