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What is a Project? ✔Correct Answer-A temporary endeavor undertaken to produce a unique
product, service or result.
What should a project have? ✔Correct Answer-Time
Cost
Scope of work
Performance Criteria
Project Failures ✔Correct Answer-17% of software projects met original goals
50% had to change the original targets
33% were cancelled
30% of work is rework
What is the main cause of project failures? ✔Correct Answer-Inadequate Project Planning
People rush into work without direction (READY-FIRE-AIM).
Project Management is: ✔Correct Answer-The application of knowledge and skills to a project to
meet its requirements.
Project Management is accomplished through these processes: ✔Correct Answer-Initiating
Planning
Executing
Monitoring
Controlling
Closing
The first rule of Project Management ✔Correct Answer-People who do the work should help plan
it.
The role of the Project Manager ✔Correct Answer-Enabler
Leadership is the art of getting others ✔Correct Answer-To want to do something that you believe
should be done.
Life cycle of a troubled project: ✔Correct Answer-Scope of work not defined well
Scheduling Errors
Underestimated Cost
Performance of Work
Quality
Steps in Project Management ✔Correct Answer-Initiation
Planning
Executing