Podcast
Questions and Answers
What is one of the advantages of using formal project management?
What is one of the advantages of using formal project management?
Operations involve work done to sustain the business.
Operations involve work done to sustain the business.
True
What is a project, according to the PMBOK Guide?
What is a project, according to the PMBOK Guide?
A temporary endeavor undertaken to create a unique product, service, or result.
A project ends when its ______________ have been reached, or the project has been terminated.
A project ends when its ______________ have been reached, or the project has been terminated.
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Match the following examples with their corresponding project type:
Match the following examples with their corresponding project type:
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Project management is only used for large projects.
Project management is only used for large projects.
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What is a benefit of formal project management in terms of worker morale?
What is a benefit of formal project management in terms of worker morale?
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What is the main difference between a project and operations?
What is the main difference between a project and operations?
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What is a key characteristic of a project?
What is a key characteristic of a project?
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A project sponsor usually provides the direction and funding for the project.
A project sponsor usually provides the direction and funding for the project.
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What are the three goals that a project manager needs to balance?
What are the three goals that a project manager needs to balance?
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A _______________ is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
A _______________ is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
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Who oversees programs and often acts as the boss for project managers?
Who oversees programs and often acts as the boss for project managers?
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A project manager's duty is to prioritize scope goals over time goals and cost goals.
A project manager's duty is to prioritize scope goals over time goals and cost goals.
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Match the following terms with their descriptions:
Match the following terms with their descriptions:
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What is the name of the framework that guides project management, as referenced in the content?
What is the name of the framework that guides project management, as referenced in the content?
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What is the purpose of the Project Management Institute (PMI)?
What is the purpose of the Project Management Institute (PMI)?
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Project managers never face ethical dilemmas.
Project managers never face ethical dilemmas.
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What are the attributes of a project?
What are the attributes of a project?
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To earn PMP certification, applicants must agree to the ______________ code of professional conduct.
To earn PMP certification, applicants must agree to the ______________ code of professional conduct.
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Match the following terms with their descriptions:
Match the following terms with their descriptions:
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What is the main reason why project management is becoming more important?
What is the main reason why project management is becoming more important?
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The number of people earning PMP certification is decreasing.
The number of people earning PMP certification is decreasing.
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What is the purpose of the PMP exam?
What is the purpose of the PMP exam?
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Study Notes
Advantages of Using Formal Project Management
- Better control of financial, physical, and human resources
- Improved customer relations
- Shorter development times
- Lower costs
- Higher quality and increased reliability
- Higher profit margins
- Improved productivity
- Better internal coordination
- Higher worker morale (less stress)
What Is a Project?
- A project is a temporary endeavor undertaken to create a unique product, service, or result
- Operations is work done to sustain the business
- A project ends when its objectives have been reached, or the project has been terminated
- Projects can be large or small and take a short or long time to complete
Examples of IT Projects
- A help desk or technical worker replaces laptops for a small department
- A small software development team adds a new feature to an internal software application
- A college campus upgrades its technology infrastructure to provide wireless Internet access
- A cross-functional task force in a company decides what software to purchase and how it will be implemented
- A television network develops a system to allow viewers to vote for contestants and provide other feedback on programs
- A government group develops a system to track child immunizations
Project Attributes
- A project has a unique purpose
- A project is temporary
- A project is developed using progressive elaboration
- A project requires resources, often from various areas
- A project should have a primary customer or sponsor
- The project sponsor usually provides the direction and funding for the project
- A project involves uncertainty
Project and Program Managers
- Project managers work with project sponsors, project teams, and other people involved in projects to meet project goals
- A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually
- Program managers oversee programs and often act as bosses for project managers
The Triple Constraint
- Every project is constrained in different ways by its scope, time, and cost goals
- The project manager’s duty is to balance these three often-competing goals
Project Management Profession
- Professional societies such as the Project Management Institute (PMI) have grown significantly
- There are specific interest groups in many areas, such as engineering, financial services, health care, and IT
- Project management research and certification programs continue to grow
Project Management Certification
- PMI provides certification as a Project Management Professional (PMP)
- A PMP has documented sufficient project experience, agreed to follow a code of ethics, and passed the PMP exam
- The number of people earning PMP certification is increasing quickly
- PMI and other organizations are offering new certification programs
Ethics in Project Management
- Ethics is an important part of all professions
- Project managers often face ethical dilemmas
- In order to earn PMP certification, applicants must agree to the PMP code of professional conduct
- Several questions on the PMP exam are related to professional responsibility, including ethics
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Description
This quiz assesses knowledge of the benefits of using formal project management in IT projects, including better control of resources, improved customer relations, and shorter development times.