Correct!!
Project Management is defined as:
The discipline of defining and achieving specific goals and objectives for temporary and
unique efforts through effective management.
An individual responsible for managing the successful planning, implementation,
and execution of a system, service or product to meet a need while balancing
cost, schedule and performance requirements is a:
Project Manager
One of the four major reasons that projects fail is:
Communications Breakdown
Which of the following is the first step in project initiation?
Define Needs
Documenting and tracking assumptions to resolution is important in order to:
Manage Risk
The scope statement justifies the project by documenting the project objectives,
requirements and deliverables. It becomes the basis for the:
Statement of Work
What are two types of project deliverables?
Internal and External
Which is a project manager's responsibility?
Resist pressure by sponsor or customer to dictate a schedule.
Budget planning involves three processes:
Estimating, Costing, and Pricing
Which technique of cost estimation is a mathematical model based on project
characteristics and historical experience?
Parametric
Which of the following would likely not be a stakeholder in a project to construct
a new highway from Lubbock to Dallas?
A governor from Montana.
In a quality system framework, the highest quality process maturity level is:
Optimizing
Risk management is the estimation and mitigation of which two values?
Risk event probability x risk event impact.
The four risk response methods are:
Avoidance, Transference, Mitigation, Acceptance
The four stages of team development are:
- Forming
- Storming
- Norming
- Performing
Contract management can be defined as:
The entire contracting process from planning through contract administration.
1The four components of contract management framework (CMF) are: