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

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What is the definition of a project?

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

How is a project different from operations?

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

Why is attendance important at all events in the course?

Attendance is important as participation is necessary for success.

Where can students find course updates and changes?

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

What is the triple constraint of project management?

Balancing project scope, time, and cost goals. Signup and view all the answers

How is project success defined?

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

What are the five groups that project management processes fall into?

Initiating, Planning, Executing, Monitoring and Controlling, Closing. Signup and view all the answers

Define project management as per the PMBOK® Guide, Fifth Edition, 2013.

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

Why is project management considered essential for project activities?

To ensure project requirements are met efficiently and effectively. Signup and view all the answers

What is the main objective of successful project management?

To satisfy the project's sponsor. Signup and view all the answers

Why are project activities considered temporary?

Because a project has a unique purpose and a specific duration. Signup and view all the answers

How do project managers contribute to project success?

By balancing project scope, time, and cost goals. Signup and view all the answers

What are the two distinct uses of the term 'scope' in project management?

Project Scope and Product Scope Signup and view all the answers

How is Project Scope different from Product Scope?

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

What is Project Scope Management?

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

What is the first step in Project Scope Management?

Defining the needs of the project. Signup and view all the answers

Explain the importance of defining activities in project management.

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. Signup and view all the answers

What is the purpose of sequencing activities in project management?

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

Why is estimating activity resources important in project management?

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

Describe the process of estimating activity durations in project management.

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

Explain the significance of milestones in project management.

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

What are activity attributes and how do they aid in project management?

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

How does controlling the schedule contribute to successful project management?

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

Discuss the role of a Gantt chart in project planning and tracking.

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

Define project scope management.

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

What is a deliverable in project management?

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

Explain the importance of collecting requirements in project management.

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. Signup and view all the answers

What is the purpose of creating the Work Breakdown Structure (WBS) in project management?

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

Explain the concept of decomposition in the context of project management.

Decomposition is subdividing project deliverables into smaller pieces. Signup and view all the answers

What is a work package in project management?

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

Describe the iterative approach to defining requirements in project management.

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

What are the two PM Process Groups involved in Project Scope Management activities?

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