Management Function: Organizing and Project Estimation
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Management Function: Organizing and Project Estimation

Explore the relationship between organizing as a management function and project estimation. Learn about departmentalization strategies such as functional, product, customer, and geographic approaches.

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@DaringSulfur

Questions and Answers

Organizing as a management function involves developing a project schedule and budget.

True

A Work Breakdown Schedule (WBS) is used to create a project team.

False

Departmentalization in organizing involves only functional and product-based approaches.

False

A Phase-Based Work Breakdown Structure demonstrates the relationship between the project deliverables and the project scope.

<p>False</p> Signup and view all the answers

Staffing and leading involves only the process of hiring and training project team members.

<p>False</p> Signup and view all the answers

A Deliverable-Based Work Breakdown Structure demonstrates the relationship between the project deliverables and the phases.

<p>False</p> Signup and view all the answers

Analogous technique is used when there is no previous similar project.

<p>False</p> Signup and view all the answers

Bottom-Up estimation technique involves breaking down a budget to get detailed expenses.

<p>False</p> Signup and view all the answers

Resource allocation is the process of assigning resources to tasks randomly.

<p>False</p> Signup and view all the answers

Fixed Assets can include Software and Network in an IT project budget.

<p>True</p> Signup and view all the answers

Top-Down estimation technique involves listing down the expenses to get the overall estimate.

<p>False</p> Signup and view all the answers

Project schedule estimation can be prepared using only one method.

<p>False</p> Signup and view all the answers

What is the primary purpose of resource allocation in a project?

<p>To strategically assign resources to tasks that enable them to do their best work</p> Signup and view all the answers

Which of the following is a common expenditure item in preparing a budget for an IT project?

<p>Representation</p> Signup and view all the answers

What is the main difference between Top-Down and Bottom-Up estimation techniques?

<p>Top-Down involves listing down expenses, while Bottom-Up involves breaking down a budget</p> Signup and view all the answers

Organizing as a management function involves allocating resources to tasks based on expertise and specialization.

<p>True</p> Signup and view all the answers

How many methods are used to prepare a project schedule estimation?

<p>3 methods</p> Signup and view all the answers

A Work Breakdown Schedule (WBS) defines the project scope and goals.

<p>False</p> Signup and view all the answers

When is the Analogous estimation technique used?

<p>When there is a previous similar project</p> Signup and view all the answers

Staffing and leading involves only the process of human resource planning and recruiting.

<p>False</p> Signup and view all the answers

Project estimation techniques can be used only for budgeting purposes.

<p>False</p> Signup and view all the answers

Departmentalization in organizing involves only geographic and matrix-based approaches.

<p>False</p> Signup and view all the answers

Phase-Based Work Breakdown Structure demonstrates the relationship between the project deliverables and the project schedule.

<p>False</p> Signup and view all the answers

The Bottom-Up estimation technique is used when there is a previous similar project.

<p>False</p> Signup and view all the answers

Representation is a common expenditure item in preparing a budget for an IT project that includes office supplies and materials.

<p>False</p> Signup and view all the answers

Resource allocation is the process of identifying and assigning resources randomly to tasks in a project.

<p>False</p> Signup and view all the answers

The Parametric estimation technique involves breaking down a budget to get detailed expenses.

<p>False</p> Signup and view all the answers

A detailed schedule is a type of project schedule estimation that is prepared at a high level of granularity.

<p>True</p> Signup and view all the answers

What is the primary focus of departmentalization in organizing as a management function?

<p>Expertise or specialization</p> Signup and view all the answers

What type of Work Breakdown Structure demonstrates the relationship between the project deliverables and the phases?

<p>Phase-Based</p> Signup and view all the answers

What is the process of creating a pool of qualified members of the Project Team involved in?

<p>Human resource planning, recruiting, selection, hiring, training, performance appraisal, compensation and employee separation</p> Signup and view all the answers

What is the main objective of organizing as a management function in project management?

<p>To create a project team and arrange the work elements concerning budget, resources and schedule</p> Signup and view all the answers

What is the purpose of a Work Breakdown Schedule (WBS) in project management?

<p>To define all the work that needs to be completed in a proper sequence to achieve the project goals and objectives</p> Signup and view all the answers

What are project estimation techniques used for in project management?

<p>Particularly for budget, resources and schedule</p> Signup and view all the answers

Organizing as a management function involves allocating resources to tasks randomly in a project.

<p>False</p> Signup and view all the answers

A Work Breakdown Schedule (WBS) defines the project scope, goals, and objectives, and outlines the work that needs to be completed in a specific sequence.

<p>True</p> Signup and view all the answers

The Parametric estimation technique is used when there is a previous similar project.

<p>False</p> Signup and view all the answers

Staffing and leading involves only the process of human resource planning, recruiting, and selection.

<p>False</p> Signup and view all the answers

The primary purpose of departmentalization in organizing is to focus on the physical location of project operations.

<p>False</p> Signup and view all the answers

Project estimation techniques can be used only for budgeting and resource allocation purposes.

<p>False</p> Signup and view all the answers

Analogous estimation technique is used when there is no previous similar project.

<p>False</p> Signup and view all the answers

Resource allocation involves assigning resources to tasks randomly in a project.

<p>False</p> Signup and view all the answers

A bottom-up estimation technique involves breaking a budget to get overall expenses.

<p>False</p> Signup and view all the answers

Fixed Assets in an IT project budget can include Hardware, Software, and Internet.

<p>True</p> Signup and view all the answers

Project schedule estimation can only be prepared using a milestone schedule.

<p>False</p> Signup and view all the answers

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