Mod 1 Unit 2

Project management is:

• a systematic approach to planning and guiding project processes from start to finish.

• a random method of executing tasks without any planning.

• an individual effort without any team involvement.

• a process that does not require any resources.

Which of the following is a responsibility of a project manager?

• Initiating the project with clear goals

• Designing the company logo

• Managing the company's finances

• Hiring new employees

The importance of baselines in project management is to:

• Measure project performance

• Define project scope

• Allocate resources

• Schedule tasks

What skills are highlighted as important for project managers in the context of the emerging economy, according to Tim Wasserman?

• Leadership and communication skills

• Technical and analytical skills

• Financial and budgeting skills

• Risk management and strategic planning skills

The role of a 'dedicated' project manager is to:

• oversee the project and ensure it meets its goals.

• handle only the financial aspects of the project.

• work on multiple projects simultaneously.

• focus solely on the technical development of the project.

One problem with using a working project manager (PM) is:

• They may become too involved in day-to-day tasks.

• They always meet deadlines.

• They never communicate with the team.

• They are always over budget.

Communication with project stakeholders is essential because:

• it ensures everyone is aligned and informed.

• it delays project timelines.

• it increases project costs.

• it is not necessary for project success.

Fill in the blank: The communication needs for Key Employees/Management are ________.

• The communication needs for Key Employees/Management are ________.

• Confidential and strategic

• Casual and informal

• Irrelevant and unnecessary

According to the text, what is a key factor for status meetings?

• They must be lengthy

• They must be timely and regular

• They must be informal

• They must be optional

The purpose of status meetings in project management is to:

• discuss project progress and issues

• celebrate project completion

• assign new team members

• finalize project budget