Project Management

Main goal of Project Management

• Time, cost, and scope are all related on a project

• Ensuring maximum profit at any cost

• Ensuring maximum profit at any cost
   Delivering the project without any constraints

• Ignoring stakeholders' requirements

Trends in Project Management

• Achieving strategic goals, Improving project effectiveness, Virtual projects, Quasi-projects

• Reducing project documentation, Ignoring risks, Increasing project scope randomly

• Avoiding communication with stakeholders, Limiting flexibility, Eliminating monitoring processes

• Focusing only on budget, Ignoring team dynamics, Overcomplicating project structures

Choose correct types of model

• Stochastic Model, Deterministic Model

• Absolute Model, Flexible Model

• Adaptive Model, Non-deterministic Model

• Predictive Model, Functional Model

What are the criteria of the model: cost

• Data gathering and modeling costs should be low relative to the cost of the project

• The model should be as complex as possible, regardless of cost

• Cost of the model should not be considered during the project

• The more expensive the model, the more reliable it is

Name the numerical models that evaluate the models

• Unweighted factor model, Weighted factor model

• Hypothetical estimation model, Random variable model

• Risk-based analysis model, Cost approximation model

• Undefined criteria model, Arbitrary decision model

Name the responsibilities of the project manager

• The parent company, the project/client, the project staff

• Only financial aspects of the project

• Managing only technical aspects without concern for people

• Focusing solely on daily tasks without considering long-term strategy

Choose the right enumeration of the characteristics of effective team members

• High quality technical skills, political sensitivity, strong problem orientation, strong goal orientation, high self-esteem

• Low adaptability, poor communication, weak problem-solving skills, lack of motivation, low confidence

• No technical knowledge, inability to collaborate, no interest in the project, avoiding responsibility, unwillingness to learn

• Lack of discipline, avoidance of conflict resolution, preference for individual work, disregard for deadlines, lack of engagement

What are the four main causes of stress related to project management?

• No consistent procedures, too much to do, high need to achieve, organizations in change

• Too much free time, lack of responsibility, low expectations, absence of deadlines

• Over-communication, too many clear procedures, well-defined roles, full team agreement

• Having no risks, predictable project flow, well-balanced workload, long project timelines

What is the primary purpose of a composite project plan?

• To assign individual tasks without review

• To ensure each unit's plan is independently executed

• To merge individual plans into a unified project plan

• To allow each unit to work without a predefined schedule

What should each individual/unit do when accepting responsibility for a portion of the project?

• Work independently without providing a plan

•  Submit a final report instead of a preliminary plan

• Deliver a preliminary plan describing tasks, budgets, and schedules

• Rely on the group to create the plan for them