10 Questions
Which of the following best describes a project in project management?
A temporary endeavor to create a unique product, service or result
What is the role of a Project Management Professional (PMP)?
To meet specific requirements of the Project Management Institute
What is emotional intelligence (EQ) in the context of project management?
The skill to perceive, assess, and manage emotions
What are the stages in the project life cycle?
Definition, planning, execution, and closing
What is management by wandering around (MBWA)?
Intentional management through spending time outside of an office
Which one of these best describes a program in project management?
A group of related projects designed to accomplish a common goal
What are inspiration-related currencies in project management?
Influence based on enhancing another person’s self-esteem
What is the law of reciprocity in project management?
A feeling of obligation to grant a favor comparable to one received
What are personal-related currencies in project management?
Influence based on enhancing another person’s self-esteem
What is social network building in project management?
Id.
Study Notes
Project Management Fundamentals
- A project is a temporary endeavor with a specific goal, scope, and timeline, requiring resources and coordination to deliver a unique product or service.
Project Management Professional (PMP)
- A Project Management Professional (PMP) is a certified expert who oversees projects from initiation to closure, ensuring they meet objectives, timelines, and budgets.
Emotional Intelligence (EQ) in Project Management
- Emotional intelligence (EQ) in project management refers to a project manager's ability to recognize and understand team members' emotions, motivating and guiding them to achieve project goals.
Project Life Cycle
- The project life cycle consists of five stages: Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
Management by Wandering Around (MBWA)
- Management by Wandering Around (MBWA) is a management technique where a project manager informally visits team members to observe, listen, and engage with them, fostering open communication and collaboration.
Program in Project Management
- A program in project management is a collection of related projects, subprograms, and activities managed together to achieve strategic business objectives.
Currencies in Project Management
- Inspiration-related currencies in project management include public recognition, gratitude, and appreciation, which motivate team members.
- Personal-related currencies include benefits, bonuses, and promotions, which are used to incentivize team members.
Law of Reciprocity in Project Management
- The law of reciprocity in project management states that when a project manager helps team members, they are more likely to reciprocate with their effort and commitment to the project.
Social Network Building in Project Management
- Social network building in project management involves cultivating relationships among team members, stakeholders, and sponsors to foster collaboration, trust, and communication.
Test your knowledge on agile project management, project life cycles, and the roles of a Project Management Professional (PMP) with this quiz. Gain a better understanding of iterative incremental methods, project definitions, planning, execution, and closing. Challenge yourself and enhance your project management skills today!
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