Project Management

Question 1

Project definition

Answer 1

a project is a unique effort with a defined beginning and end, a specific deliverable, and specified resources

Question 2

program management

Answer 2

group of related projects managed together as a unit

Question 3

portfolio management

Answer 3

a collection of projects and programs managed together (bigger branch)

Question 4

3 constraints need to be managed within a project

Answer 4

1. schedule
2. resources
3. scope (overal impact of the project)

Question 5

Project Structure

Answer 5

1. Define and Organise the Project
2. Plan the Project
3. Manage Project Progress

Question 6

POS

Answer 6

project objective statement
30-40 words
clear statement of owner, scope, schedule, and resources

Question 7

Priority Matrix

Answer 7

schedule scope resources

least flexible

moderate

most

Question 8

WBS

Answer 8

Work Breakdown Structure

hierarchy of all work to be accomplished on the project

Question 9

maximum and minimum duration of tasks

Answer 9

3-5 days minimum

2 weeks maximum

Question 10

Project time management

Answer 10

• what
• which order
• who and how long
• when

Question 11

early finish

Answer 11

early finish = early start + duration - 1

Question 12

late start

Answer 12

late start = late finish - duration + 1

Question 13

slack

Answer 13

slack = late finish - early finish