Chapter 5: Projects

Question 1

Projects should be selected by the following types:

Answer 1

• Derivative (incremental changes such as new product packaging or no-frills versions),
• Platform (fundamental improvements to existing products).
• Breakthrough (major changes that create entirely new markets),

Question 2

Projects can be catergorized in four major areas:

Answer 2

Projects can be categorized in four major areas:
1. Product change,
2. Process change,
3. Research and development,
4. Alliance and partnership

Question 3

Define Project and Project Management

Answer 3

Project: A series of related jobs usually directed toward some major output and requiring a significant period of time to perform.

Project management: Planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of a project.

Question 4

Define the three organizational projects: Pure Project, Functional Project, Matrix Project

Answer 4

Pure project: A structure for organizing a project where a self-contained team works full time on the project.

Functional project: A structure where team members are assigned from the functional units of the organization. The team members remain a part of their functional units and typically are not dedicated to the project.

Matrix project: A structure that blends the functional and pure project structures. Each project uses people from different functional areas. A dedicated project manager decides what tasks need to be performed and when, but the functional managers control which people to use.

Question 5

Define statement of work (SOW)

Answer 5

statement of work (SOW) — The SOW is a written description of the objectives to be achieved, with a brief statement of the work to be done and a proposed schedule specifying the start and completion dates

Question 6

Define Project milestone

Answer 6

Project milestone: A specific event in a project.

• Ex. Completed testing for a prototype

Question 7

Define Work breakdown structure (WBS)

Answer 7

Work breakdown structure (WBS): The hierarchy of project tasks, subtasks, and work packages.

Question 8

Define Activities

Answer 8

Activities: Pieces of work within a project that consume time. The completion of all the activities of a project marks the end of the project.

• Ex. Waiting for paint to dry can be activity for a project