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IE 425 Engineering Project Management Lecture #2 Quiz

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IE 425 Engineering Project Management Lecture #2 Quiz

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Questions and Answers

What is the main discipline of project management?

Creating project schedules

Managing a series of tasks within a given amount of time and budget (correct)

Hiring project participants

Developing project objectives

Who are considered as project participants?

Suppliers, vendors, and external stakeholders

Team members, consultants, contractors, and functional managers (correct)

Project sponsors and executives

Only the team members and consultants

What is one of the objectives of the present lecture?

To discuss risk management processes

To give an overview of cost management processes

To develop project schedules

To provide an overview of the project life cycle (correct)

What is the primary reason for considering cost in project time management?

To prevent schedule over-runs Signup and view all the answers

How is an event different from an activity in project management?

Activities have a recognizable beginning and end, while events mark the completion of an activity Signup and view all the answers

What is the main responsibility of a project manager in the time management process?

To manage the project schedule effectively Signup and view all the answers

Why is scheduling considered the easiest way of managing project time?

It helps in estimating activities and determining their durations Signup and view all the answers

In a project management hierarchy, who typically reports to the Project Owner?

Database Architect Signup and view all the answers

Which phase of the project life cycle includes monitoring and controlling?

Execution Signup and view all the answers

What is the first step in the Initiation phase of a project?

Define the Scope and purpose Signup and view all the answers