chapter 1

Question 1

Project

Answer 1

a project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or service

Question 2

Stakeholders

Answer 2

people and groups who can impact the project or might be impacted by either the work or results of the project.

Question 3

Projects Vs operations

Answer 3

● Projects: are temporary and no two are identical. Uses project management methods.
● Operations: entail continuous work. Uses check lists.

Question 4

Project life cycle

Answer 4

“the series of phases that a project goes through from its initiation to its closure”.
1. Selecting and initiating
2. Planning
3. Executing
4. Closing and realizing

Question 5

The triple constraints

Answer 5

1. Scope
2. Time:
3. Cost

Question 6

PBW - Project based work definition

Question 7

Deliverable

Answer 7

any unique and verifiable product, result, or capability to perform a service that is
produced to complete a process, phase, or project

Question 8

Scope

Answer 8

is a combination of product scope and project scope.
- Product scope is the entirety of what will be present in the actual project deliverables.
- Project scope is the entirety of what will and will not be done to meet the specified requirements.

Question 9

Why projects

Answer 9

● Unmet needs: such as building a house or a bridge.
● Development of a new product or service: such as carrying out a political campaign.
● Change of an organization: such as a market expansion

Question 10

Project management

Answer 10

is the art and science of using knowledge, skills, tools, and techniques efficiently and effectively to meet stakeholder needs and expectations. This includes work processes that initiate, plan, execute, control and close work.

Question 11

Underlying principle of project management

Answer 11

make efficient and effective use of all resources.

Question 12

5 PM process groups of the project management body of knowledge (PMBOK)

Answer 12

1. Initiating
2. Planning
3. Executing
4. Monitoring and controlling
5. Closing:

Question 13

Building blocks for project management

Answer 13

1. Why?
2. What and when?
3. Who?
4. Where?
5. How? (risk and quality management)

Question 14

Traditional/waterfall project management

Answer 14

work is broken down into stages that can be completed before moving on to the next one. Each stage is viewed as a stand-alone activity whose completion has a bearing on how and when the next stages begin

Question 15

Agile planning/PM

Answer 15

a change driven approach that is popular with projects where the scope is difficult to define. Initial project planning is only done at a high level, project work is conducted in iterations (sprints) where change occurs from one iteration to the next. Documentation becomes progressively more complete. Agile planning is a project management approach that emphasizes flexibility and adaptability. Rather than attempting to plan out an entire project in advance, Agile planning breaks down the project into smaller, more manageable pieces that can be completed in short iterations or sprints. Agile planning involves continuous collaboration and communication among team members, stakeholders, and customers to ensure that the project stays on track and meets their evolving needs. The focus is on delivering value quickly and efficiently, while also being open to changes and adjustments as necessary.

Question 16

Different PM approaches

Answer 16

● Plan-driven approaches: These are project management approaches that are focused on developing a comprehensive and detailed plan for the entire project before any work begins. Waterfall model and the Critical Path Method
● Adaptive approaches: These are project management approaches that are designed to be flexible and adaptable to changing requirements and circumstances. Scrum, and Kanban
● Change-driven approaches: These are project management approaches that are designed to accommodate frequent changes to the project requirements or scope.
● Project life cycle approaches: these are project management approaches that break a project down into distinct phases, each with its own set of deliverables, milestones, and objectives. the Waterfall model and the Spiral model

Question 17

Sponsor (product manager)

Answer 17

a senior manager serving in a
formal role given authority and responsibility for successful completion of a project
deemed strategic to an organization s success.

Question 18

Customer (product owner)

Answer 18

needs to
ensure that a good contractor for external projects or project manager for internal projects is selected, make sure requirements are clear, and maintain communications
throughout the project.

Question 19

Steering or leadership team

Answer 19

to select, prioritize, and resource projects in accordance with the organization s strategic planning and to ensure that accurate
progress is reported and necessary adjustments are made.

Question 20

Project management office (PMO)

Answer 20

a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and
techniques. The PMO work can range from supporting project managers to controlling them by requiring compliance to directives in actually managing projects.

Question 21

Project manager

Answer 21

the person assigned by the performing organization to lead the team that is responsible
for achieving the project objectives

Question 22

Project team

Answer 22

a selected group of individuals with complimentary
skills and disciplines who are required to work together on interdependent and interrelated
tasks for a predetermined period to meet a specific purpose or goal