Centennial College - ESET-224 Week 1: The Triple Constraint of Project Management

A temporary endeavor undertaken to create a unique product, service, or result.

Operations are work done to sustain the business and are ongoing processes; projects are temporary and unique.

Attendance is important as participation is necessary for success.

<p>Students can find updates on the course outline and reading slides on e-Centennial.</p> Signup and view all the answers

<p>Balancing project scope, time, and cost goals.</p> Signup and view all the answers

<p>Meeting scope, time, and cost goals, satisfying the customer/sponsor, and achieving the project's main objective.</p> Signup and view all the answers

<p>Initiating, Planning, Executing, Monitoring and Controlling, Closing.</p> Signup and view all the answers

<p>The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.</p> Signup and view all the answers

<p>To ensure project requirements are met efficiently and effectively.</p> Signup and view all the answers

<p>To satisfy the project's sponsor.</p> Signup and view all the answers

<p>Because a project has a unique purpose and a specific duration.</p> Signup and view all the answers

<p>By balancing project scope, time, and cost goals.</p> Signup and view all the answers

<p>Project Scope and Product Scope</p> Signup and view all the answers

<p>Project Scope is more work-oriented (the how's), while Product Scope is more oriented toward functional requirements (the what's).</p> Signup and view all the answers

<p>Project Scope Management is the management of the process required to ensure that a project includes all the necessary work for successful completion.</p> Signup and view all the answers

<p>Defining the needs of the project.</p> Signup and view all the answers

<p>Defining activities is crucial as it involves identifying specific tasks team members need to perform to produce project deliverables, leading to realistic cost and duration estimates.</p> Signup and view all the answers

<p>Sequencing activities helps in identifying and documenting relationships between project tasks, which is essential for determining dependencies and conducting critical path analysis.</p> Signup and view all the answers

<p>Estimating activity resources helps in determining the number of people, equipment, and materials needed to perform project tasks effectively.</p> Signup and view all the answers

<p>Estimating activity durations involves determining the number of work periods required to complete individual tasks.</p> Signup and view all the answers

<p>Milestones are important events without duration that help in setting schedule goals, monitoring progress, and marking significant achievements in the project.</p> Signup and view all the answers

<p>Activity attributes provide additional details like predecessors, successors, resource requirements, and constraints, contributing to a more comprehensive understanding of project tasks.</p> Signup and view all the answers

<p>Controlling the schedule involves managing changes to the project timeline, ensuring adherence to planned activities and adjustments to keep the project on track.</p> Signup and view all the answers

<p>A Gantt chart is used for planning and tracking project schedules, displaying activities, their sequence, and duration, aiding in visualizing project timelines and progress.</p> Signup and view all the answers

<p>Project scope management involves defining and controlling what is or is not included in a project.</p> Signup and view all the answers

<p>A deliverable is a product produced as part of a project, such as manufactured parts, planning documents, or meeting minutes.</p> Signup and view all the answers

<p>Collecting requirements involves defining and documenting the features and functions of the products created during the project as well as the processes used for creating them.</p> Signup and view all the answers

<p>The WBS is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.</p> Signup and view all the answers

<p>Decomposition is subdividing project deliverables into smaller pieces.</p> Signup and view all the answers

<p>A work package is a task at the lowest level of the Work Breakdown Structure (WBS).</p> Signup and view all the answers

<p>It is important to use an iterative approach to defining requirements since they are often unclear early in a project.</p> Signup and view all the answers

<p>The two PM Process Groups involved are Planning and Monitoring and Controlling.</p> Signup and view all the answers