Project Management Final Exam:
What is a project: - Question and answers"A temporary endeavor undertaken
to create a unique product, service,
or result"
What are four phases of project: - Question and answersInitiating
Planning
Executing
Concluding
PMBOK: - Question and answersProject Management Body of Knowledge
Three Constraints of a Project: - Question and answersTime
Resources
Cost
Scope Statement: - Question and answersWritten confirmation of what the project will
deliver
Key document that bind you (the pm), the team and the projects sponsor.
What sections are in the scope statement? - Question and answers¥ Justification
¥ Objectives (aka deliverables)
¥ Scope description
¥ Acceptance Criteria
¥ Constraints
¥ Assumptions
¥ High level estimate & costs
¥ Participants on the project
What are Project Constraints? - Question and answersThe limitations of what the
project will operate within and it affects what can be delivered
What are project assumptions? - Question and answersFactors believed to be true, but
not guaranteed to be
Term used when a project's scope grows beyond what was originally approved. -
Question and answersScope Creep
On larger projects, a PM might form a committee: - Question and answersSteering
Team
WBS: - Question and answersWork breakdown structure
, What is a WBS? - Question and answersHierarchical; decomposition of the project into
phases, deliverables, and work packages.
Reducing the project into smaller and smaller parts, resulting in Work Packages: -
Question and answersDecomposition
What's the lowest level of a Work Breakdown structure? - Question and answersWork
package
Flowchart that illustrates the order in which you perform project activities. - Question
and answersNetwork Diagram
Significant occurrence in the life of a project - Question and answersMilestone
An activity which must be completed before another one can begin. - Question and
answersDependency/Precedence
The method for determining the sequence of activates that the longest to complete. (big
in waterfall methodology) - Question and answersCritical Path Method.
Sequence of activities that takes the longest to complete. - Question and
answersCritical Path
Maximum amount of time you can delay an activity and still finish your project in the
shortest possible time. - Question and answersSlack or Float
PERT stands for? - Question and answersProgram evaluation and review technique
What is the PERT estimating technique? - Question and answersUse several
estimations to develop an expected value
Use this method for uncertain estimates
Skill? - Question and answersAbility to perform a certain task successfully
Knowledge? - Question and answersInformation already known about an activity
Work effort? - Question and answersActual time a person spends doing an activity
Duration? - Question and answersMeasure of time passage
Productivity? - Question and answersUnits of output per time period
According to some studies, how productive are workers in an average 8 hours work
day? - Question and answers50%
75%
What is a project: - Question and answers"A temporary endeavor undertaken
to create a unique product, service,
or result"
What are four phases of project: - Question and answersInitiating
Planning
Executing
Concluding
PMBOK: - Question and answersProject Management Body of Knowledge
Three Constraints of a Project: - Question and answersTime
Resources
Cost
Scope Statement: - Question and answersWritten confirmation of what the project will
deliver
Key document that bind you (the pm), the team and the projects sponsor.
What sections are in the scope statement? - Question and answers¥ Justification
¥ Objectives (aka deliverables)
¥ Scope description
¥ Acceptance Criteria
¥ Constraints
¥ Assumptions
¥ High level estimate & costs
¥ Participants on the project
What are Project Constraints? - Question and answersThe limitations of what the
project will operate within and it affects what can be delivered
What are project assumptions? - Question and answersFactors believed to be true, but
not guaranteed to be
Term used when a project's scope grows beyond what was originally approved. -
Question and answersScope Creep
On larger projects, a PM might form a committee: - Question and answersSteering
Team
WBS: - Question and answersWork breakdown structure
, What is a WBS? - Question and answersHierarchical; decomposition of the project into
phases, deliverables, and work packages.
Reducing the project into smaller and smaller parts, resulting in Work Packages: -
Question and answersDecomposition
What's the lowest level of a Work Breakdown structure? - Question and answersWork
package
Flowchart that illustrates the order in which you perform project activities. - Question
and answersNetwork Diagram
Significant occurrence in the life of a project - Question and answersMilestone
An activity which must be completed before another one can begin. - Question and
answersDependency/Precedence
The method for determining the sequence of activates that the longest to complete. (big
in waterfall methodology) - Question and answersCritical Path Method.
Sequence of activities that takes the longest to complete. - Question and
answersCritical Path
Maximum amount of time you can delay an activity and still finish your project in the
shortest possible time. - Question and answersSlack or Float
PERT stands for? - Question and answersProgram evaluation and review technique
What is the PERT estimating technique? - Question and answersUse several
estimations to develop an expected value
Use this method for uncertain estimates
Skill? - Question and answersAbility to perform a certain task successfully
Knowledge? - Question and answersInformation already known about an activity
Work effort? - Question and answersActual time a person spends doing an activity
Duration? - Question and answersMeasure of time passage
Productivity? - Question and answersUnits of output per time period
According to some studies, how productive are workers in an average 8 hours work
day? - Question and answers50%
75%
