Project Management Basics Quiz

The total amount of money spent in a specific year by organizations on data science and IT projects. It indicates the overall investment and growth of the sector.

A significant number of individuals employed in the field, demonstrating its growing importance and demand.

The average yearly income for project managers, highlighting the financial potential of the profession.

Essential skills sought by employers in new graduates for success in project management-related roles.

The percentage of project investment wasted due to inefficiencies, showcasing the significance of effective project management practices.

Resources needed for a project, including people, hardware, software, and other assets.

Individuals or groups who have an interest in the project and its outcome.

The person responsible for providing direction, funding, and support for the project.

Aspects of a project that create uncertainty, such as unclear objectives, shifting timelines, or external factors.

Limitations imposed on a project, typically concerning scope, time, and cost.

The scope defines what work will be done and what the customer expects. It's the project's target.

The project's timeline, including the schedule, milestones, and deadlines.

The budget allocated for the project, encompassing all costs associated with its completion.

A framework defining the three core skill sets for effective project management.

The ability to effectively plan, manage, and deliver projects using technical knowledge.

The ability to lead and inspire a team to achieve common goals and objectives.

The process of identifying and analyzing stakeholder needs, managing their engagement, and controlling their influence throughout the project lifecycle.

An overarching function that affects and is affected by all other project knowledge areas. It ensures that all project elements are integrated and aligned.

The primary scope of AstraZeneca's project was to develop, test, manufacture, and distribute a COVID-19 vaccine globally. They maintained focus by prioritizing tasks that directly contributed to this goal and avoiding activities outside of it.

AstraZeneca faced a compressed timeline due to the pandemic's urgency. They implemented an accelerated development and testing schedule, closely monitoring milestones and phases to meet critical deadlines.

AstraZeneca adopted a bottom-up budgeting approach for government contracts, allowing for detailed tracking of costs and ensuring they stayed within financial constraints while delivering the vaccine affordably.

Despite the accelerated timeline, AstraZeneca maintained high quality standards by adhering to rigorous testing protocols and regulatory requirements to ensure the vaccine met safety and efficacy standards, which was crucial for public confidence.

AstraZeneca managed resources by coordinating manufacturing partners and material supply chains to meet the global demand for the vaccine. This involved strategic partnerships and ensuring efficient production and distribution.

Building the Great Pyramid of Giza was a massive undertaking that involved extensive planning, resource management, and coordination. Applying project management principles to this project helps us understand how ancient civilizations managed ambitious projects.

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

The constraints that project managers strive to meet, including the project scope, time, and cost goals.

Individuals or groups involved in or affected by project activities. This includes project sponsors, banks, financial institutions, the project manager, the project team, support staff, suppliers, and opponents.

The person responsible for planning, executing, and completing a project. They need to work with all stakeholders to meet their needs and expectations.

The individuals responsible for carrying out the tasks and activities of the project. They need clear instructions and timelines to perform their work effectively.

The people or organizations that provide resources, services, or goods to the project. Their timely delivery is crucial for project completion.

Individuals or groups who oppose the project or have concerns about its impact. Their opinions need to be addressed and considered in the project planning process.

A project management tool that visually represents tasks, dependencies, and timelines. It helps track progress, identify critical paths, and manage resources effectively.

A project management technique that maps out tasks, dependencies, and critical paths. It helps with scheduling, resource allocation, and risk management.

It means the project delivered all the planned features, completed within the allotted time, and stayed within the budget.

The stakeholders and customers are satisfied with the outcome of the project and the results achieved.

The project achieved its primary objective - like making money, saving money, or improving a process.

This involves evaluating if the project delivered its promised value, improvements, or benefits.

The initial plan might be perfect, but reality can be different. Flexibility allows adapting to changes, addressing challenges, and adjusting the project based on new information.

To ensure project success, clearly define success criteria upfront. It helps everyone understand what needs to be achieved and keeps them focused on the goals.