Project Management Basics

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Questions and Answers

What is the purpose of defining the problem in project management?

  • To visualize the desired end result (correct)
  • To develop a marketing strategy
  • To identify the project team members
  • To plan the budget for the project

Which of the following best describes the execution phase of a project?

  • Implementing the plan after extensive revisions (correct)
  • Monitoring project outcomes only
  • Developing solutions to anticipated issues
  • Gathering resources from stakeholders

In Scrum methodology, which role is primarily responsible for maximizing the value of the product?

  • Product Owner (correct)
  • Stakeholder
  • Team Member
  • Scrum Master

What is the main objective of the project closure phase?

<p>Reflecting on lessons learned and completing the report (A)</p> Signup and view all the answers

What is a key characteristic of teams in the Scrum framework?

<p>Self-organized functioning (C)</p> Signup and view all the answers

Which of the following elements is included in a typical Scrum process?

<p>Sprint Retrospective (A)</p> Signup and view all the answers

During which project phase is it crucial to monitor and control progress?

<p>Project execution (B)</p> Signup and view all the answers

What type of work package management do Agile boards support?

<p>Tracking of tasks, features, and risks (D)</p> Signup and view all the answers

What is primarily addressed during the project scope definition?

<p>The boundaries including goals, deadlines, and deliverables (C)</p> Signup and view all the answers

What consequence may arise from an increase in project scope?

<p>An increase in both time and cost (D)</p> Signup and view all the answers

Which stage is NOT part of the project life cycle?

<p>Evaluation (C)</p> Signup and view all the answers

How does a Gantt chart assist in project management?

<p>It displays tasks and their timelines, including dependencies (D)</p> Signup and view all the answers

What is a key goal of project management?

<p>To meet performance, cost, and time objectives (C)</p> Signup and view all the answers

What function does a project backlog serve?

<p>Prioritizes and manages tasks throughout the project lifecycle (D)</p> Signup and view all the answers

Which of the following is a common reason for project failures?

<p>Scope creep (C)</p> Signup and view all the answers

What is the purpose of creating a prototype in project development?

<p>To test ideas and gather feedback before full-scale production (D)</p> Signup and view all the answers

Flashcards

What is a project?

A temporary endeavor undertaken to create a unique product or service.

What is project management?

The process of planning, scheduling, and controlling project activities to achieve objectives.

What is a Project Backlog?

A prioritized list of tasks or requirements for a project, evolving over time. It includes features, bugs, and tasks and is constantly updated based on priorities.

What is a Gantt chart?

A visual tool for project management that displays tasks along a timeline. It shows the start and end dates of tasks, their duration, and dependencies.

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What is a prototype?

An early model or sample of a product used to test and validate ideas, designs, or features before full-scale production. It allows stakeholders to explore functionality and gather feedback.

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What is a constraint?

A restriction or limitation on a project, such as time, cost, or risk.

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What is the project life cycle?

The different phases a project goes through from initiation to completion. The life cycle includes initiation, planning, execution, monitoring & control, and closure.

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What is establishing PM infrastructure?

The process of setting up the project management infrastructure, including identifying resources, defining roles, and establishing a governance structure.

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Project Plan

A detailed plan outlining the steps, resources, timelines, and responsibilities for completing a project.

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Project Definition

The process of defining clear objectives, scope, implementation approach, and required resources for a project.

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Project Management and Control

The process of managing project activities, including resource allocation, risk mitigation, quality control, and communication.

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Project Close

The final phase of a project, involving documentation, closure activities, and gathering lessons learned.

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Scrum

A popular Agile project management methodology that emphasizes iterative development, self-organized teams, and continuous improvement.

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Sprints

Short, time-boxed periods of work (typically 1-4 weeks) where a Scrum team focuses on completing a pre-defined set of tasks.

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Product Backlog

A prioritized list of features, requirements, and tasks for a product or project.

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Sprint Backlog

A subset of the product backlog that represents the work planned for a specific sprint.

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Study Notes

Project Definition

  • A project is a temporary effort to create a unique product or service.
  • Projects aim to solve problems; defining the problem correctly is crucial for success.

Project Management

  • Project management involves planning, scheduling, and controlling project activities to achieve objectives.
  • Key objectives include performance, cost, and time goals, while managing scope.
  • Project scope defines the boundaries, goals, deadlines, and deliverables.
  • Increased scope leads to increased time and cost.
  • Tight deadlines mean increased costs and reduced scope.
  • Tight budgets lead to increased time and reduced scope.

Project Failures

  • Scope creep
  • Poor requirements gathering
  • Unrealistic planning and scheduling
  • Lack of resources

Project Life Cycle

  • A project progresses through stages:
    • Initiation
    • Planning
    • Execution
    • Monitoring and control
    • Closure

Project Backlog

  • A prioritized list of project tasks or requirements.
  • Includes features, bugs, and tasks.
  • Continuously updated based on priorities.
  • Helps organize and manage work throughout the project lifecycle.

Gantt Charts

  • Visual tools for project management, displaying tasks on a timeline.
  • Shows start and end dates, duration, and dependencies.
  • Aids in tracking progress and managing schedules efficiently.

Prototypes

  • Early models or samples used for testing ideas, designs, or features.
  • Allow stakeholders to explore functionality and provide feedback.
  • Help identify potential issues and refine concepts early.

Constraints

  • Project limitations such as risk, cost, or time.

Project Management Process

  • Establish project infrastructure (resources, roles, governance).
  • Define the project (confirm objectives, scope, approach, resource plan).
  • Create a detailed project plan.
  • Manage and control the project (budget, risk management, people, quality, risk review, effort tracking).
  • Close the project (plan, report, lessons learned).

Project Management Steps

  • Define the problem (client needs, desired outcome).
  • Develop solution options (alternatives, cost comparisons).
  • Plan the project (what, who, how, much, when).
  • Execute the plan (implementation).
  • Monitor and control (tracking, problem solving, plan adjustments).
  • Close the project (completion, lessons learned).

Scrum Methodology

  • General-purpose methodology for managing people. Used by many companies (Microsoft, Google, etc.).
  • Employs self-organized teams.
  • Progress in time-boxed iterations ("sprints").
  • Key roles: Product owner, Scrum Master, team.
  • Key elements: Product backlog, sprint backlog.

Agile Project Management Boards

  • Used with methodologies like Scrum and Kanban.
  • Visual tools for task tracking, features, risks, and work packages.
  • Composed of lists (columns) and cards (work packages).

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