CMGT 4100- Test 1 QUESTIONS AND ANSWERS GRADED A

What is a project? Correct Answer: A temporary endeavor undertaken to create a unique product, service, or result Every project has: Correct Answer: - A start and finish point -A deliverable Project Planning: Correct Answer: the process of choosing the one method and order of work to be adopted for a project from all the various ways and sequences in which it could be done." Project planning elements include: Correct Answer: scope, design and alternate designs, cost, time, finance, land, procurement, operations, etc. Shape and content of the project plan depends on? Correct Answer: -purpose of the plan -timing of the plan -level of details needed Project scheduling Correct Answer: determination of the timing and sequence of operations in the project and their assembly to give the overall completion time. Scheduling takes one part of the planning effort and zooms in on it. What questions does planning answer Correct Answer: what, how, who, why, where, by whom, when, how much what question does scheduling deal with? Correct Answer: "when" on a detailed level Types of management: (4) Correct Answer: General management program management portfolio management project management Project management Correct Answer: the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Accomplished through the application and integration of the project management processes of initiation, planning, execution, monitoring and controlling, and closing. Program management Correct Answer: A group of related projects managed in coordinated way to obtain benefits and control not available from managing them individually PROJECTS IN A PROGRAM ARE NECESSARILY RELATED programs may be: Correct Answer: Temporary/one-time programs ongoing -can be a large and complex project Portfolio mangement Correct Answer: a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. The projects or programs of the portfolio ARE NOT NECESSARILY RELATED General management Correct Answer: specialty mangement -financial, human resources, IT Project management in construction includes: Correct Answer: -scheduling budget risk management scope logistics project administration quality management Project objectives Correct Answer: cost/budget time/schedule scope/quality Project control Correct Answer: to track both schedule and cost, find variances (where, how much, and why), and take corrective action to bring the project back to the plan project scheduling is a Correct Answer: prediction of future occurrence; time or money The scheduler: Three types of knowledge Correct Answer: knowledge in the principles of scheduling and project control knowledge in the specific technical field knowledge in computer software The tripod of good scheduling system: Correct Answer: the human factor the technology the management t/f: all programs have a specific limited lifespan Correct Answer: false what is a Gantt chart? Correct Answer: is a graphical representation of Project activities shown in a time-scaled bars. developed by Henry L. Gantt in 1917 Gantt Chart: On the ____ of the chart is a list of the activities and along the _____ is a suitable time scale. Correct Answer: left top Gantt Chart: Each activity is represented by a... Correct Answer: Bar, the position and length of the bar reflects the start date, duration and end date of the activity. Network Correct Answer: A graphical representation of the activities (and events) comprising the project, in a logical and chronological depiction The two types of network diagrams are Correct Answer: -Arrow networks -Node networks (basic & precedence) Arrow network Correct Answer: A network on which activities are represented by arrows between nodes (events) -AOA -can only accommodate finish-start relationships -Cannot accommodate lags Network diagrams: Duration Correct Answer: The estimated time required to perform an activity. Network Diagrams: Events Correct Answer: A notation to show the starting and ending points of an activity. It is an instant in time horizon. Network Diagrams: Activity on Arrow (AOA) Correct Answer: Dummy activity identity dummy Logic dummy AOA Diagrams: Identity Dummy Correct Answer: Used to identify activities when two or more parallel independent activities have the same start and finish events. AOA Diagrams: Dummy Activity Correct Answer: An activity (represented by a dotted line on the arrow network -required in Arrow networks for logic or identity AOA Diagrams: Logic Dummy Correct Answer: used to prevent the error in logic arising from chains of wholly or partly independent activities having a common event. Arrow Network: An arrow represents an: Correct Answer: Activity Arrow Network: