Chapter1 Flashcards
1
Q
It is a temporary endeavor undertaken to create a unique product, service or result
A
Project
2
Q
Major characteristics of a project are:
A
- an established objective
- a defined life span with a beginning and an end
- usually, the involvement of several departments and professionals
- doing something that has never been done before
- specific time, cost, and performance requirement
3
Q
it is a group of related projects designed to accomplish a common goal over an extended period of time
A
Program
4
Q
manages temporary, non-repetitive activities and frequently acts independently of the formal organization
A
Project manager
5
Q
Factors leading to increased use of project management
A
- Compression of the product life cycle
- Knowledge explosion
- Triple Bottom line(planet, people, profit)
- Corporate downsizing
- Increased customer focus
- Small project represent big problem
6
Q
Integration of project management provides senior management with
A
- An overview of all project management activities
- A big picture of how organizational resources are used
- A risk assessment of their portfolio of projects
- A rough metric of the firm’s improvement in managing projects relative to others in the industry
- Linkages of senior management with actual project execution management.
7
Q
A complex, nonroutine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs.
A
Project
