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Project Management Exam 1 Review Questions and Answers

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Project Management Exam 1 Review Questions and Answers

Institution
Project
Course
Project

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Project Management Exam 1 Review
Project management (definition) - Question and answersThe application of knowledge,
skills, tools and techniques to project activities to meet the project requirements

Project Definition - Question and answersA temporary endeavor undertaken to create a
unique product, service, or result.

Characteristics of a Project - Question and answers-unique
-unfamiliar and risky
-cuts across organizational lines
-temporary
-stake
-process of working towards goal

Key considerations of project management - Question and answers-Cost
-Schedule
-Techical performance
-Strategic fit

When to use project management - Question and answers-unfamiliarity
-magnitude of the effort
-dynamic environment
- multifunctional effort
-reputation of the organization

Project objectives and their fit - Question and answers1. strategic/operational fit
2.schedule/cost/technical performance objective
3. (center) the project

Why to use project management - Question and answers-Create new products (from
aircraft to pharmaceuticals to consumer electronics)
-Improve processes ( improve manufacturing process)
-Advance science and technology (develop sensor for future NASA missions)
-Create new services (cloud computing platform)

Key features of Project Management (1) - Question and answers1. A single person, the
project management, heads the project organization. The project organization reflects
the cross-functional, goal oriented, temporary nature of the project.

Key features of Project Management (2) - Question and answers2. The project manager
is the person who brings together all efforts to meet project objectives

, Key features of Project Management (3) - Question and answers3. Project requires a
variety of skills and resources and is performed by people from different functional
areas or by outside contractors.

Key features of Project Management (4) - Question and answers4. The project manager
integrates people from different areas and disciplines in the project.

Key features of Project Management (5) - Question and answers5. Project managers
focus on delivering particular products or services on time and on budget

Functional project managers might be responsible for providing project workers and
resources from their departments

Conflict may arise between project and functional managers

Key features of Project Management (6) - Question and answersOne project might have
two chains of command, one functional and one project, so people working in a project
report to both a project manager and a functional manager

Key features of Project Management (7) - Question and answers7. Decision making,
accountability, outcomes and rewards are shared between: The project team,
supporting functional units, outside contractors

Key features of Project Management (8) - Question and answers8. Although the project
organization is temporary, usually the functional or subcontracting units from which it is
formed are permanent

When a project ends, the project organization is disbanded and people return to their
functional or subcontracting units.

System Definition - Question and answersAn organized or complex whole; an
assemblage of things or parts interacting in a coordinated way.

Parts of the system are affected by being in the system, and changed if they leave it

The assemblage of parts does something; and the assemblage is of particular interest

Goals and objectives of a system - Question and answersWhat the system is designed
to do.

example- Airline aircraft system
objective- to provide safe and effective transportation between destinations
sub-objective- the cabin will provide adequate space to seat 250 passengers and
accommodate storage of two bags per passenger
requirement- The environment control system shall ensure the cabin maintains the
temp bt 68 and 75 degrees F

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