Core Concepts of a Project

Question 1

What is a project?

Answer 1

A project is a temporary endeavor undertaken to create a unique product, service, or result, with a definite beginning and end.

Question 2

Why is a project considered temporary?

Answer 2

Because it has a defined beginning and end, even if its results, like a national monument, may last for centuries.

Question 3

What is the primary goal of any project?

Answer 3

To satisfy a customer’s need.

Question 4

How does the Longman Dictionary of Contemporary English define a project?

Answer 4

As an important and carefully planned piece of work intended to build or produce something new or solve a problem.

Question 5

What is the difference between tangible and intangible project outcomes?

Answer 5

Tangible outcomes are physical products (e.g., a motorcycle), while intangible outcomes are non-physical (e.g., conducting a census).

Question 6

What are the two main types of projects based on selection?

Answer 6

Competitive projects and individual projects.

Question 7

What are the steps involved in the selection of competitive projects?

Answer 7

1. Call for proposal, 2. Submission of projects, 3. Formal and content evaluation, 4. Publication of results, 5. Review procedures, 6. Contract signing, 7. Registration of documents.

Question 8

What defines an individual project?

Answer 8

Investments of strategic significance selected based on strategic criteria, with funding guaranteed conditionally.

Question 9

Give an example of a strategic individual project.

Answer 9

Infrastructure projects like dams or metro rail systems.

Question 10

How does a project contribute to long-term impact?

Answer 10

By creating lasting social, economic, and environmental outcomes beyond the project’s lifecycle.

Question 11

What is a project charter?

Answer 11

A document that defines the scope, objectives, and participants of a project.

Question 12

What is the difference between a project and routine work?

Answer 12

A project is unique and temporary, whereas routine work is repetitive and ongoing.

Question 13

How does unfamiliarity relate to projects?

Answer 13

Projects often involve new challenges or technologies, introducing uncertainty and risk.

Question 14

Why do projects require careful planning?

Answer 14

To ensure resources, time, and effort are used efficiently to meet specific objectives.

Question 15

What does the term “project life cycle” refer to?

Answer 15

The distinct phases a project passes through from initiation to completion.

Question 16

How does a project cut across organizational lines?

Answer 16

By drawing resources, skills, and expertise from multiple departments or organizations.

Question 17

What is at stake when undertaking a project?

Answer 17

The organization’s goals or reputation, as project failure can jeopardize success.

Question 18

Why are projects often described as “one-time activities”?

Answer 18

Each project is unique and cannot be repeated in exactly the same way.

Question 19

What is the purpose of a balancing project?

Answer 19

To strengthen a specific area within a production chain for optimal utilization.

Question 20

How do modernization projects benefit organizations?

Answer 20

By upgrading technology to increase productivity and competitiveness.