5 Questions
What is the definition of a project?
Combination of human & non-human resources pooled together to achieve a specific purpose in a temporary organization.
List 5 characteristics of a project manager.
Flexible & adaptable, initiative taker, confident with verbal fluency, able to identify critical problems, and make decisions.
What is the difference between a project and an operation?
Operation is ongoing work to sustain the business, while a project is a temporary effort with a definite start and end to achieve a goal.
What are 5 features of a project?
Specific life span, unique nature, inherent risks and uncertainties, requires qualified professionals, and classic components.
Explain the different types of projects.
Projects can be complex, mega, classic, team-based, developed by dedicated professionals, unique, and have specific components.
Study Notes
Project Definition
- A project is a temporary organization formed to achieve a specific purpose, combining human and non-human resources.
Characteristics of a Project Manager
- Flexible and adaptable to all circumstances
- Initiator and good leader
- Aggressive and confident with verbal fluency
- Poised with enthusiasm and able to identify critical problems and make decisions
Difference between Project and Operation
- Operation: ongoing work to sustain the business, repetitive, low risk, and objective is to sustain the business
- Project: temporary effort to achieve a specific goal, has a definite start and end, unique, high risk, and stakeholders' influence is high
Features of a Project
- Has a specific life span
- Every project is unique, and no two projects are similar
- Every project has risk and uncertainty associated with it
- Requires highly qualified professionals to execute complex and mega projects effectively
- A good project can be acknowledged by its classic components, including a team of workforce
Types of Projects
- No specific types of projects mentioned in the text, but projects can vary in terms of their scope, size, complexity, and industry.
Test your knowledge on project management basics with questions about defining a project, characteristics of a project manager, and the differences between projects and operations.
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