Project Management

Question 1

What is a Project?

Answer 1

A planned undertaking that has a beginning and an end, and that produces definite results

Question 2

What are some features of Project Management?

Answer 2

• Can be applied to any type project
• Crucial to project succeeding
• Ensures outcome is delivered on time, within budget, with sufficient quality levels
• Can be linear or agile

Question 3

What are the 5 steps in the Project Management lifecycle?

Answer 3

1. Initiate
2. Plan
3. Do
4. Monitor
5. Close

Question 4

What is meant by the Iron Triangle?

Answer 4

• Refers to the 3 main project constraints: time, cost, scope
• Changing one constraint directly affects the others

Question 5

What are Critical Success Factors?

Answer 5

Elements that are vital to the success of a project
- Another way to measure the progress and success of a project
- Identified during planning, evaluated throughout

Question 6

What is meant by Key Performance indicators?

Answer 6

Areas to be monitored to determine whether the required performance has been achieved
- Measures the progress and achievement of the Critical Success Factors

Question 7

What can be used as a Key Performance indicator?

Answer 7

SMART

Question 8

What can be used to visually represent a schedule?

Answer 8

A Gantt Chart

Question 9

What are 3 aspects that should be considered when measuring Quality?

Answer 9

1. External attributes
2. Internal attributes
3. Metrics