PART 1

Question 1

Projects are initiated when a need is identified by a sponsor—the people or the organization willing to provide funds to have the need satisfied.

Answer 1

Initial phase of project life cycle – identifying need

Question 2

• Better control of financial, physical, and human resources
• Improved customer relations
• Shorter development times
• Lower cost
• Higher quality and increased reliability
• Higher profit margins
• Improved productivity
• Better internal coordination
• Higher worker morale

Answer 2

Advantages of Project Management in relation to cost

Question 3

Usually provides the direction and funding for the project

Answer 3

Project sponsor

Question 4

Number of different factors for the outcome

Answer 4

Triple constraint

Question 5

individuals or entities involved in, or who may influence, or may be affected by a project. Include:

• customer/sponsor
• project team
• project manager
• subcontractors
• consultants
• end-users or consumers
• advocacy groups.
• suppliers
• support organizations or groups

Answer 5

Stakeholders

Question 6

what work will be done as part of the project? What unique product, service, or result does the customer or sponsor expect from the project? The project team or contractor prepares a project scope document that includes many of the items contained in the project charter, RFP, or contractor’s proposal, but in much greater detail. Includes:

• Customer requirements
• Statement of Work (SOW)
• Deliverables
• Acceptance Criteria
• Work Breakdown Structure

Answer 6

Scope

Question 7

When should proposals be developed – before/after RFP?

Answer 7

30 calendar days

Question 8

Tool for arranging the specific activities in the appropriate sequence and defining their dependent relationships. It defines the sequence of how the activities will get done.

Answer 8

Network diagram Critical path

Question 9

Approval to go forward with the project and commits the funding for the project. The project charter also summarizes the key conditions and parameters for the project and establishes the framework for developing a detailed baseline plan for performing the project.

Completed at the vary beginning before project starts

Answer 9

Project Charter

Question 10

• Includes a project scope description, product user acceptance criteria, detailed information on all project deliverables
• Describes project characteristics and requirements, user acceptance criteria, and deliverables

Answer 10

Scope statement