Project Management

Question 1

What are Milestones?

Answer 1

Milestones: a set time within the project timeline

Question 2

What is a project?

Answer 2

A project is a temporary endeavour with a defined beginning and end, undertaken to meet unique goals and objectives, typically to bring about added value.

Question 3

What is a Successful Project?

Answer 3

A project that is on time, within budget, meets the business requirements and satisfies the customer’s needs.

Question 4

What is project management ?

Answer 4

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

Question 5

Project Management Process: Initiation

Answer 5

Initiation:Determines the nature and scope of the project

Question 6

Project Management Process: Planning

Answer 6

Planning:Is to plan time, cost and resources adequately to estimate the work needed and to effectively manage risk during project execution

Question 7

Project Management Process: Execution

Answer 7

Execution:Involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan

Question 8

Project Management Process: Monitoring and controlling

Answer 8

Monitoring and controlling:Consists of those processes performed to observe project execution so that potential problems can be identified in a timely manner and corrective action can be taken, when necessary, to control the execution of the project.

Question 9

Project Management Process: Closing

Answer 9

Closing:includes the formal acceptance of the project and the ending thereof

Question 10

What do project managers do?

Answer 10

draw up the project plan
balance the triple constraints
Manage soft issues