Chapter 1 - exam review

Question 1

An endeavor to accomplish a specific objective through a unique set of interrelated activities and the effective utilization of resources

Answer 1

Project

Question 2

An expected result or product of a project. Usually defined in terms of scope, schedule, and cost.

Answer 2

Project objective

Question 3

Project objective example

Answer 3

Produce 5,000 two-page marketing brochures by July 1 for a cost of $15,000

Question 4

All the work that must be done in order to satisfy the customer that the deliverables meet the requirements or acceptance criteria agreed upon at the onset of the project

Answer 4

Project scope

Question 5

The part of the project lifecycle where projects are identified and selected. They are then authorized using a document referred to as a project charter.

Answer 5

Initiating phase of the project lifecycle

Question 6

The phase of the project lifecycle that includes defining the project scope, identifying resources, developing a schedule and budget, and identifying risks, all of which make up the baseline plan for doing the project work.

Answer 6

Planning phase of the project lifecycle

Question 7

The phase of the project lifecycle were the project plan is executed, and work activities are carried out to produce all the project deliverables, and to accomplish the project objective. During this phase, the project progress is monitored and controlled to assure the work remains on schedule and within budget, the scope is fully completed according to specifications, and all deliverables meet acceptance criteria. Also, any changes needed to be documented, approved and incorporated into an updated baseline plan if necessary.

Answer 7

Performing phase of the project lifecycle

Question 8

The phase of the project lifecycle where project evaluations are conducted, lessons learned are identified and documented to help improve performance on future projects and project documents are organized and archived

Answer 8

Closing phase of the project life cycle

Question 9

The aggregate cost for each activity, and how much it will cost

Answer 9

Budget

Question 10

The timetable that specifies when each activity should start and finish

Answer 10

Schedule

Question 11

Things that could adversely affect accomplishing the project objective

Answer 11

Risks

Question 12

Example of a project risk

Answer 12

Designing an information system using the newest technology may pose a risk that the new technology may not work as expected

Question 13

Factors that can constrain the project objective

Answer 13

Scope, quality, schedule, budget resources risks, customer satisfaction, and stakeholder support

Question 14

Individuals or entities involved in, or who may or influenced, or maybe affected by a project, such as the customer/sponsor, project team, including the project manager, subcontractors, and consultants or end users, or customers and advocacy groups

Answer 14

Stakeholders

Question 15

This process involves planning to work and then working the plan. It involves two major functions: first, establishing a plan, and then executing that plan to accomplish the project objective.

Answer 15

Project management process