Intro to Project Management

Question 1

Application Areas

Answer 1

These are the areas of business, industry, and trade about which the project manager may need special knowledge. Common application areas include legal issues, technical issues, engineering information, and manufacturing information.

Question 2

Deliverable

Answer 2

The outcome of a project or project phase; a deliverable of a project can be a product or a service.

Question 3

Iron Triangle

Answer 3

The Triple Constraints of Project Management: time, cost, and scope. Quality is affected by the balance of these three components.

Question 4

Management by Projects

Answer 4

This approach characterizes organizations that manage their operations as projects. These project-centric entities could manage any level of their work as a project. Such organizations apply general business skills to each project to determine their value, efficiency, and, ultimately, their return on investment.

Question 5

Operations

Answer 5

The day-to-day work that goes on in the organization.

Question 6

PMBOK Guide

Answer 6

Project Management Body of Knowledge (PMBOK), which includes all knowledge and practices within the endeavor of project management.

Question 7

PMP

Answer 7

Project Management Professional

Question 8

Progressive Elaboration

Answer 8

The process of providing or discovering greater levels of detail as the project moves toward completion.

Question 9

Project

Answer 9

A temporary endeavor undertaken to create a unique product or service.

Question 10

Project Communications Management

Answer 10

90 percent of a project manager’s time is spent communicating. This knowledge area details how communication happens, outlines stakeholder management, and shows how to plan for communications within any project.

Question 11

Project Cost Management

Answer 11

Cost is always a constraint in project management. This knowledge area is concerned with the planning, estimating, budgeting, and control of costs. Cost management is tied to time and quality management–screw either of these up and the project costs will increase.

Question 12

Project Human Resource Management

Answer 12

This knowledge area focuses on organizational planning, staff acquisition, and team development. You have to somehow acquire your project team, develop this team, and then lead them to the project results.

Question 13

Project Integration Management

Answer 13

This knowledge area focuses on creating the project charter, the project scope statement, and a viable project plan. Once the project is in motion, then Project Integration Management is all about monitoring and controlling the work. If changes happen, and we know they will, then you have to determine how that change may affect all of the other knowledge areas.

Question 14

Project Management

Answer 14

The supervision and control of the work required to complete the project vision.

Question 15

Project Manager

Answer 15

The individual accountable for all aspects of a project.

Question 16

Project Office

Answer 16

Organizes and manages control over all projects within an organization.

Question 17

Project Portfolio Management

Answer 17

A management process to select the projects that should be invested in. Specifically, it is the selection process based on the need, profitability, and affordability of the proposed projects.

Question 18

Project Procurement Management

Answer 18

Projects often need things and services in order to reach closing. This knowledge area covers all the business of project procurement, the processes to acquire and select vendors, and contract negotiation. The contract between the vendor and the project manager’s organization will guide all interaction between the project manager and the vendor.

Question 19

Project Quality Management

Answer 19

This knowledge area centers on quality planning, assurance, and control.

Question 20

Project Risk Management

Answer 20

This knowledge area focuses on risk planning, analysis, monitoring, and control. You’ll have to complete qualitative analysis and then quantitative analysis in order to adequately prepare for project risks. Once the project moves forward, you’ll need to monitor and react to identified risks as planned.

Question 21

Project Scope Managaement

Answer 21

This knowledge area deals with the planning, creation, protection, and fulfillment of the project scope. One of the most important activities in all of project management happens in this knowledge area: creation of the Work Breakdown Structure.

Question 22

Project Time Management

Answer 22

Time management is crucial to project success. This knowledge area covers activities, their characteristics, and how they fit into the project schedule. This is where you and the project team will define the activities, plot out their sequence, and calculate how long the project duration will actually take.

Question 23

Subproject

Answer 23

A subproject exists under a parent project but follows its own schedule to completion. Subprojects may be outsourced, assigned to other project managers, or managed by the parent project manager but with a different project team.

Question 24

Work Breakdown Structure (WBS)

Answer 24

The WBS is a deliverable-orientated collection of project components. Work that isn’t in the WBS isn’t in the project. The point of the WBS is to organize and define the project scope.