Project Management Foundation

Question 1

What is a project?

Answer 1

A project is temporary in that it has a defined beginning and
end in time , and therefore defined scope and resources .

Question 2

What is project management

Answer 2

PM is the application of knowledge , skills , tools , and
techniques to project activities to meet the project
requirements .

Question 3

Why PM

Answer 3

Cost , time , Quality

Question 4

Perfect Project Manager

Answer 4

Strategic, Business management, Leadership

Question 5

Project Phases

Answer 5

Starting, Preparing, Executing, Ending.

Question 6

Risk Strategies

Answer 6

Escalate
Avoid
Transfer
- Subcontract a supplier , or use an insurance , ….
Mitigate
- Reduce Impact , Probability or Both .
- Change in plan ( add training , more testing , .. )
- Set aside Risk Reserve
Accept ( For small risks )

Question 7

Estimation Terminologies

Answer 7

Effort
Cost
Duration

Question 8

Estimation

Answer 8

Escalate
Avoid
Transfer
- Subcontract a supplier , or use an insurance , ….
Mitigate
- Reduce Impact , Probability or Both .
- Change in plan ( add training , more testing , .. )
- Set aside Risk Reserve
Accept ( For small risks )