Project Management Master Class 1

What is the definition of a project?

• A repetitive set of activities with a defined start and end date

• A temporary endeavor with a defined start and end date, which creates a unique product, service, or result

• A continuous process of improving a product, service, or result

• A long-term strategy to achieve a company's goals

What is the key purpose of project management?

• To deliver projects that meet quality standards

• To deliver projects that meet stakeholder expectations

• To deliver projects within budget

• To deliver projects on time

3.What is the definition of programme management?

• The management of a portfolio of projects to achieve specific strategic goals

• The management of a single project from initiation to closure

• The continuous improvement of products, services, or results

• The management of daily business operations

What is the relationship between programme management and project management?

• Programme management is a subset of project management

• Project management is a subset of programme management

• Programme management and project management are unrelated

• Programme management and project management are two different names for the same thing

What are the benefits of effective project management?

• Increased risk

• Increased costs

• Improved stakeholder satisfaction

• Decreased project scope

What is the project environment?

• The technology used to complete the project

• The project manager's personality

• The physical location of the project team

• The social, economic, and political conditions that affect the project

What is the difference between project and business as usual (BAU)?

• Projects are temporary, while BAU is ongoing

• Projects are part of BAU

• Projects are initiated by the operations team, while BAU is initiated by the project team

• There is no difference between project and BAU

Who is responsible for ensuring that the project is completed on time, within budget and to the required standard?

• Project manager

• Project sponsor

• Project team

• Project stakeholders

Who provides the necessary financial resources for the project?

• Project stakeholders

• Project team

• Project manager

• Project sponsor

Who is responsible for defining the project's goals, objectives, and success criteria?

• Project stakeholders

• Project team

• Project manager

• Project sponsor