MGMT 5200 || All Questions Answered Correctly.

Purpose of benchmarking correct answers is to systemically improve manage the process improvements of project delivery by a single organization over time. Client Acceptance correct answers One of the Determinants for a projects success. It argues that projects are developed with customers, or clients, in mind, and their purpose is to satisfy customers' needs. Clients correct answers can be either internal or external to the organization Budget correct answers One of the determinants for project success. Monetary constraint placed on projects. Deliverables correct answers The project's goals defining the nature of both project and team. performance correct answers One of the determinants of project success. Measuring whether the finished product operates according to specifications. process correct answers ongoing, day to day activities in which an organization engages while producing goods or services. Project correct answers organized work toward a predefined goal or objective that requires resources and effort, a unique (and therefore risky) venture having a budget and schedule. Project Life Cycle correct answers conceptualization, planning, execution, termination Project Management maturity models correct answers Used to allow organizations to benchmark the best practices of successful project management firms. Project Success correct answers Measured within the constraints of time, budget, Performance and customer satisfaction Stakeholders correct answers All the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address. Time correct answers Determinant of project success. Constraint placed on project based on the specified time it must be completed. Triple Constraint correct answers Time, Budget and Performance that was originally used by project managers to determine the success or failure of a project. Balanced Matrix correct answers power is shared equally between functional manager and project manager