Project Management Basics

Play an AI-generated podcast conversation about this lesson

What is the primary focus of the Lean project management methodology?

Reducing project costs

Minimizing project duration

Maximizing customer value and minimizing resource waste (correct)

Improving team communication

Which project management methodology was developed by the UK Government?

Six Sigma

Lean

CPM

PRINCE2 (correct)

What is the primary purpose of the Critical Path Method (CPM) in project management?

To estimate the total project cost

To identify the most critical tasks in a project (correct)

To develop a project schedule

To determine the project scope

Which methodology is focused on eliminating defects in production processes?

Six Sigma Signup and view all the answers

What is the primary goal of Lean project management in terms of customer satisfaction?

To achieve perfection in customer satisfaction and value generation Signup and view all the answers

Which of the following benefits is provided by network diagram project software?

Facilitate what-if analysis Signup and view all the answers

What is the primary purpose of the Plan Procurement Management process?

To plan and document the procurement approach Signup and view all the answers

What type of contract is best suited for a project where the scope of work is well-defined?

Firm Fixed Price Signup and view all the answers

What is the primary focus of the Control Procurements process?

Administering contracts and changes to contracts Signup and view all the answers

What is the purpose of resource leveling in project planning?

To allocate resources to tasks Signup and view all the answers

What is the primary goal of using buffers in Critical Chain Project Management?

To manage resource-dependent tasks and activities Signup and view all the answers

What is the typical duration of a SCRUM sprint?

30-day Signup and view all the answers

What is included in the project schedule?

All of the following: Work Breakdown Structure, resource plan, work estimates, key milestones, and responsibility assignments Signup and view all the answers

Which project management methodology is specific to collaborative, 100%-dedicated teams, with no heavily constrained time and materials?

SCRUM Signup and view all the answers

What is the primary focus of Project Initiation?

Project Definition Signup and view all the answers

What is the primary benefit of defining a common 'language' in a project management methodology?

To establish clear expectations among team members Signup and view all the answers

What is the core aspect that should be managed in project management?

Change Signup and view all the answers

What is the primary purpose of a project management framework?

To offer a broad overview of various methods, rules, processes, and standards Signup and view all the answers

What is the relationship between project management methodology and change management?

Methodology serves as the way to systematically realize change Signup and view all the answers

What is the outcome of using a project management methodology that is appropriately chosen?

Most conflicts are spotted and resolved early Signup and view all the answers

What is the primary purpose of a project management methodology?

To control the entire management process through effective decision making and problem solving Signup and view all the answers

What does a project management methodology typically provide?

A detailed description of every step in the project process Signup and view all the answers

What is the outcome of using a project management methodology?

Successful project delivery Signup and view all the answers

What is the benefit of a project management methodology in terms of project processes?

It ensures specific processes, approaches, and techniques are used Signup and view all the answers

What is the relationship between a project management methodology and the project manager?

The project manager uses the methodology to deliver the project Signup and view all the answers