OSC 5640 - Project Management Exam with all Correct &
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1. What is a project? - a unique activity
-has a beginning
-has a definite end
-expends resources
-has constraints and requirements (scope, budget, schedule,
resources, perfor-mance factors)
-adds value and/or benefits for stakeholders
2. 3 -complexity
classification -interdependence
s of projects
-uncertainty
3. Complexity The number of products or operations that are performed at the same
time and the resulting degree of diflculty
4. Interdependence The extent to which the items or elements upon which work is
performed or the work processes themselves are interrelated
5. Uncertainty The variability in the process of transformation of inputs to outputs or in the
inputs themselves
6. Project Lifespan - referred to as the Project Life Cycle
-is a progression through a series of ditterent stages of project development
-is the total of the phases through which a project passes until the time it is
either in use as a success or abandoned as a failure
7. PLC phases Phase 1 - conception or pre-feasibility
Phase 2 - planning, feasibility, or
demonstration Phase 3 - design and
development
Phase 4 - implementation/execution/testing
Phase 5 - launch, termination, or closure
Phase 6 - post implementation review
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
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8. Phase 1 - Concep- - conceptualization: an idea or thought that refers to the reflection of a
targeted
tion or Pre- business function or process and how the various facets of the process
feasi-bility or function relate to each other
(PLC) -a pre-feasibility study is a preliminary study to access whether to conduct
a full feasibility study or not
-planning is a process that is used to set the goals of a project, develop
9. Phase 2 - strategies to support an organization's strategic goals, and outline
Plan-ning, tasks and schedules to accomplish the project goals
Feasibility, or
-a feasibility study is a controlled process for identifying potential
Demonstra-
problems and opportunities
tion
-the phase that takes a project from Planning through construction or
realization of the project scope
10. Phase 3 - De-
-follows customer requirements and assesses for quality against
sign and
predefined criteria
Devel-
opment -this phase can involve redesign, improvement, or elimination of
existing prod-ucts
-projects can be terminated during the Design and Development phase
-the phase wherein products, services, and systems are realized
-consists of both implementation and testing of the implemented
11. Phase 4 - product or system
Implementa -this phase is generally where the most resources are utilized and the
-tion/ most cost incurred
Execu- -projects can be terminated during the Implementation phase
tion/
Testing
12. Phase 5 - Launch, - the phase where the business stakeholders agree to release and/or
launch the
Termination, or Closure
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
product for the end user or A+
consumer
-the client or end-user's
formal acceptance is
essential in this phase
-lessons-learned from
previous projects are
often used in this phase
-launch of a
product or system
usually combines
contributions from
multiple disciplines
in an organization
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
A+
13. Phase 6 - Post Im- - in this phase, progress and success are measured, project documents
are
plementation archived, lessons learned are captured, and project activities are formally
Re-view closed
-reviews are usually conducted with customers, engineering teams,
development teams, and marketing teams to evaluate the success of
the project and project management
14. Project
manage-ment -the act of getting people together to accomplish desired goals and
objectives
-composed of planning, organizing, and controlling people and
resources to accomplish a goal
-PM is the act of coordinating and collaborating with people and other
resources such that a project is planed, organized, and controlled to
15. Benefits of
accomplish the project objective
Pro-ject
Manage- -ensure that the scope of a project as required by a customer is completely
ment met
-provides data, information, and processes that can lead the way to
successfully completing many more projects
-inspires individuals and organizations to perform eflciently in the future
-helps individuals and organizations to map a clear strategy to
complete the project successfully
-forces individuals and organizations to identify and assess risks and
exposures before they surface
-helps projects support organizational goals by aligning them to
organizational strategy
-helps individuals and organizations understand when goals and
organizations cannot be achieved
-makes individuals and organizations understand and work toward
customer requirements
-creates a structure and a process that enables projects to be kept under
100% Verified Answers |Latest Version |Already Graded
A+
1. What is a project? - a unique activity
-has a beginning
-has a definite end
-expends resources
-has constraints and requirements (scope, budget, schedule,
resources, perfor-mance factors)
-adds value and/or benefits for stakeholders
2. 3 -complexity
classification -interdependence
s of projects
-uncertainty
3. Complexity The number of products or operations that are performed at the same
time and the resulting degree of diflculty
4. Interdependence The extent to which the items or elements upon which work is
performed or the work processes themselves are interrelated
5. Uncertainty The variability in the process of transformation of inputs to outputs or in the
inputs themselves
6. Project Lifespan - referred to as the Project Life Cycle
-is a progression through a series of ditterent stages of project development
-is the total of the phases through which a project passes until the time it is
either in use as a success or abandoned as a failure
7. PLC phases Phase 1 - conception or pre-feasibility
Phase 2 - planning, feasibility, or
demonstration Phase 3 - design and
development
Phase 4 - implementation/execution/testing
Phase 5 - launch, termination, or closure
Phase 6 - post implementation review
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
A+
8. Phase 1 - Concep- - conceptualization: an idea or thought that refers to the reflection of a
targeted
tion or Pre- business function or process and how the various facets of the process
feasi-bility or function relate to each other
(PLC) -a pre-feasibility study is a preliminary study to access whether to conduct
a full feasibility study or not
-planning is a process that is used to set the goals of a project, develop
9. Phase 2 - strategies to support an organization's strategic goals, and outline
Plan-ning, tasks and schedules to accomplish the project goals
Feasibility, or
-a feasibility study is a controlled process for identifying potential
Demonstra-
problems and opportunities
tion
-the phase that takes a project from Planning through construction or
realization of the project scope
10. Phase 3 - De-
-follows customer requirements and assesses for quality against
sign and
predefined criteria
Devel-
opment -this phase can involve redesign, improvement, or elimination of
existing prod-ucts
-projects can be terminated during the Design and Development phase
-the phase wherein products, services, and systems are realized
-consists of both implementation and testing of the implemented
11. Phase 4 - product or system
Implementa -this phase is generally where the most resources are utilized and the
-tion/ most cost incurred
Execu- -projects can be terminated during the Implementation phase
tion/
Testing
12. Phase 5 - Launch, - the phase where the business stakeholders agree to release and/or
launch the
Termination, or Closure
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
product for the end user or A+
consumer
-the client or end-user's
formal acceptance is
essential in this phase
-lessons-learned from
previous projects are
often used in this phase
-launch of a
product or system
usually combines
contributions from
multiple disciplines
in an organization
, OSC 5640 - Project Management Exam with all Correct &
100% Verified Answers |Latest Version |Already Graded
A+
13. Phase 6 - Post Im- - in this phase, progress and success are measured, project documents
are
plementation archived, lessons learned are captured, and project activities are formally
Re-view closed
-reviews are usually conducted with customers, engineering teams,
development teams, and marketing teams to evaluate the success of
the project and project management
14. Project
manage-ment -the act of getting people together to accomplish desired goals and
objectives
-composed of planning, organizing, and controlling people and
resources to accomplish a goal
-PM is the act of coordinating and collaborating with people and other
resources such that a project is planed, organized, and controlled to
15. Benefits of
accomplish the project objective
Pro-ject
Manage- -ensure that the scope of a project as required by a customer is completely
ment met
-provides data, information, and processes that can lead the way to
successfully completing many more projects
-inspires individuals and organizations to perform eflciently in the future
-helps individuals and organizations to map a clear strategy to
complete the project successfully
-forces individuals and organizations to identify and assess risks and
exposures before they surface
-helps projects support organizational goals by aligning them to
organizational strategy
-helps individuals and organizations understand when goals and
organizations cannot be achieved
-makes individuals and organizations understand and work toward
customer requirements
-creates a structure and a process that enables projects to be kept under
