L1.00 Introduction to Project Management

Question 1

Difference between Projects vs. Operations

Answer 1

Projects: Defined term of time, complete their objective, then cease to exist.

Operations:
Continue indefinitely, sustain the core business, then continue to exist (in a similar or improved manner)

Question 2

Why do we do projects?

Answer 2

Market Demand
Organizational Need
Customer Request
Technological Advance
Legal Requirement

Question 3

What is project management

Answer 3

the application of knowledge skills tools and techniques to project activities to meet the project requirements

Question 4

How is project management applied?

Answer 4

Customize and tailor the tools to needs
Apply knowledge and methods where appropriate
Use and incorporate best practices as best fits

Question 5

What is the PMBOK

Answer 5

Project Management Body of Knowledge - the attempt to document knowledge about project management. It is a framework.

Question 6

What has replaced Triple Constraints

Answer 6

Competing project constraints

Question 7

What are the Competing Projects Constraints?

Answer 7

Time
Cost
Scope
Quality
Risk
Resources

Question 8

How do projects help operations

Answer 8

Projects are temporary, and align with operations.

The end result typically transition to operations

Question 9

Hierarchy of Project Management

Answer 9

Portfolio Management (top)
Program Management
Project Management

Question 10

Project Management Office

Answer 10

Standardizes governance
Can provide or share resources or tolls
Supportive form 
Controlling form
Directive

Question 11

What are the PMO functions

Answer 11

Training
Resource coordination
Methodology
Document repository
PM oversight
Standards
Career Management