MGT 4330 Exam 1 Questions and Correct
Answers/ Latest Update / Already Graded
Project
Ans: A temporary endeavor undertaken to create a unique
product, service, or result.
Major characteristics of a project
Ans: 1. specific scope
2. schedule
3. required resources
4. something that hasn't been done before
5. specific time, cost, performance requirements
Project life cycle
Ans: 1. Defining
2. Planning
3. Executing
4. Delivering
Project vs. operation
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Ans: Operations are continuous and repetitive...a project is not
routine or repetitive work
Program vs. Portfolio
Ans: program is a group of related projects, while portfolio is a
singular display of a related project
Standish Group: Successful Projects
Ans: User involvement.
Executive management support.
Clear Statement of Requirements.
Proper planning.
Realistic expectations.
10 most important skills of project manager
Ans: 1) People skills
2) Leadership
3) Listening
4) Good at verbal communication
5) Integrity, ethical behavior, consistency
6) Strong at building trust
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