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According to PMI - PMBOK 2021 7th Edition, what is a project?
According to PMI - PMBOK 2021 7th Edition, what is a project?
- A long-term endeavor to develop multiple products or services
- A temporary endeavor undertaken to create a unique product, service or result (correct)
- An ongoing effort to improve existing products or services
- A continuous operation to maintain a standard product or service
What is a key characteristic of a project according to the provided text?
What is a key characteristic of a project according to the provided text?
- It has an indefinite duration
- It consumes resources (correct)
- It focuses on multiple objectives simultaneously
- It is managed by a permanent team
What is a defining feature of project management according to the provided text?
What is a defining feature of project management according to the provided text?
- Ensuring unlimited resources for project execution
- Focusing solely on project objectives without considering budget constraints
- Creating an indefinite timeline for project completion
- Managing a set of defined deliverables within time and cost constraints (correct)
What is a characteristic of the team involved in executing a project as per the text?
What is a characteristic of the team involved in executing a project as per the text?
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What is the primary purpose of a project according to the provided text?
What is the primary purpose of a project according to the provided text?
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Study Notes
Project Definition
- A project is a temporary endeavor undertaken to create a unique product, service, or result.
Key Characteristics of a Project
- A project has a specific start and end date.
- A project has a specific scope, timeline, and budget.
Defining Features of Project Management
- Project management is the application of knowledge, skills, and techniques to execute projects effectively.
Project Team Characteristics
- The team involved in executing a project is temporary, with team members often coming from different departments or organizations.
Primary Purpose of a Project
- The primary purpose of a project is to deliver a unique product, service, or result that meets the stakeholders' requirements.
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