Chapter 2

Question 0

How are projects defined

Answer 0

Have beginning and end

Product unique product

Question 1

Workplace activities can be broken into 2 groups

Answer 1

Projects

Ongoing operations

Question 2

How are ongoing operations defined

Answer 2

Have no end

Product similar if not identical products

Question 3

Projects always present new challenges in

Answer 3

Personnel
Estimating
Authority
Controls

Question 4

T or f….projects are not more difficult than ongoing operations

Answer 4

True…they simply have different challenges

Question 5

What are the 2 types of pm?

Answer 5

PERT - program evaluation & review technique

PM - critical path method

Question 6

PM is industry (dependent or independent)

Answer 6

Independent

Question 7

Project managers are industry (depends, independent)

Answer 7

Dependent

Question 8

Project managers require skills in 3 areas :

Answer 8

PM
Business management
Technical

Question 9

A successful project is (3 things)

Answer 9

On time
On budget
High quality

Question 10

What it’s supposed to do is (aka…

Answer 10

Scope

Question 11

How well does it do it? (Aka…

Answer 11

Performance

Question 12

What are the three primary project variables

Answer 12

Quality
Speed
Price

Question 13

Quality, speed, price is apart of the

Answer 13

Cost-schedule-quality equalibrium

Question 14

Managing expectations is a main job for…

Answer 14

A PM

Question 15

Success formula for PMs

Answer 15

Set realistic C-S-Q expectations with all the projects stakeholders
Manage expectations
Deliver the promised product on time & within budget

Question 16

Three PM functions

Answer 16

Definition > to-do > planning > to-do > control

Question 17

What is the project life cycle

Answer 17

Define
Plan
Execute
Close-out

Question 18

What happend during the defining stage

Answer 18

Project is started
PM named in project charter
Ends when project rules are approved

Question 19

When does defining stage when

Answer 19

When project rules are accepted