Project Management

Question 1

Project Mgmt

Answer 1

The process of leading, coordinating, planning, and controlling a diverse and complex set of processes and people in pursuit of achieving project objectives.

Question 2

Project

Answer 2

Single objective with a time frame attached

Question 3

Project Mgmt Triangle

Answer 3

Time, Scope, Cost, Quality or Performance

Question 4

Initiation

Answer 4

Examine feasibility of the project by determining the nature and scope of the project, along with exploring and elaborating on project ideas. Project leaders should ask five questions before beginning.
Why this project?
Is it feasible?
Who are the partners?
What should the results be?
What are the boundaries of this project?

Project leaders then use this information to create proposals and submit for review.

Question 5

Planning and Design

Answer 5

The main purpose in planning is to plan time, cost, and resources in order to estimate the work needed to complete the project. Additionally, planning helps to manage risk during execution.

Question 6

Project Schedule

Answer 6

Create a list of tasks to be carried out for each deliverable. For each task, identify the amount of effort required and the personnel that will carry out it out. Once established, create a Work Breakdown Structure, or WBS. When creating a WBS, input all deliverables, tasks, durations, and the personnel who will complete each task. A common problem faced at this point is an unrealistically imposed deadline. Use the project schedule to justify any changes needed at this point.

Question 7

Supporting Plans

Answer 7

The Human Resource plan is used to identify, by name, the individuals and organizations with a leading role in the project. The Communications Plan shows individuals who need to be kept informed about the project and how they will receive the information. The Risk Management Plan helps to identify risks associated with the project and possible solutions. Float is simply extra time built into a project’s timeline.