BEC 6.2

Question 1

Define: Project Management

Answer 1

Consists of five major processes carried out by a project manager tasked with balancing the needs and expectations of various stakeholders against the organization’s constraints.

The processes include authorization, planning, implementation, monitoring, and closing.

Question 2

Define: Project charter

Answer 2

Document that contains a business justification to fulfill the needs and expectations of initial stakeholders by carrying out a statement of work that will achieve the project objectives.

It formally establishes a partnership between the requesting organization and the receiving organization

Question 3

Define the roles of project members

Answer 3

They perform the project tasks

1. Carrying out the work and producing the deliverables that have been defined by the project manager. (Project members may be either individuals or organizations.)
2. Understanding the work that must be completed
   - planning out the assigned activities in more detail if needed
   - completing the work within the budget, time, and quality expectations
   - proactively communicating the status of their work to the project manager

Question 4

Identify the project sponsor and that role

Answer 4

An individual at the executive level of management who is responsible for allocating funding as well as resources to the project

Question 5

Identify the executive steering committee and its role

Answer 5

Steering committee is to a project what the board of directors is to a company

• Both groups direct, but do not manage on a daily basis.
• A group of executive level people or external organizations charged with regular oversight of a project and taking responsibility for the business issues associated with a project

Question 6

The quality of deliverables should be SMART.

Define: SMART

Answer 6

1. (S)pecific
2. (M)easurable
3. (A)ttainable
4. (R)elevant
5. (T)ime based