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Questions and Answers
What are the characteristics of projects as described in the text?
What are the characteristics of projects as described in the text?
- Planned, executed, and controlled ongoing operations
- Performed by machines with unlimited resources
- Temporary, unique, and constrained by limited resources (correct)
- Sustained, permanent, and overlapping with operational work
Which term best describes the concept of developing a project in stages as explained in the text?
Which term best describes the concept of developing a project in stages as explained in the text?
- Incremental development (correct)
- Random task allocation
- Instantaneous completion
- Backward planning
What is the key difference between projects and operational work according to the text?
What is the key difference between projects and operational work according to the text?
- Operational work is temporary, while projects are ongoing.
- Operational work is sustainable, while projects are temporary and unique. (correct)
- Operational work is unique, while projects are routine.
- Operational work has unlimited resources, while projects have constraints.
What does PMBOK describe as unique knowledge to the project management field?
What does PMBOK describe as unique knowledge to the project management field?
What type of document is established by consensus according to the International Organization for Standardization (ISO)?
What type of document is established by consensus according to the International Organization for Standardization (ISO)?
What is the purpose of the PMBOK Guide according to the text?
What is the purpose of the PMBOK Guide according to the text?
Which of the following is NOT one of the standard phases of project management as per the text?
Which of the following is NOT one of the standard phases of project management as per the text?
What is the main responsibility of a Project Manager?
What is the main responsibility of a Project Manager?
What is considered an important characteristic of project deliverables?
What is considered an important characteristic of project deliverables?
Which of the following is NOT part of the 'Triple Constraint' in project management?
Which of the following is NOT part of the 'Triple Constraint' in project management?
What does 'temporary endeavor' refer to in the context of projects?
What does 'temporary endeavor' refer to in the context of projects?
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Study Notes
Project Management Concepts
- Progressive Elaboration: developing in steps and continuing by incremental improvements.
- Temporary and Unique: characteristics of projects, with a definite beginning and end, and unique deliverables.
Project Management Body of Knowledge (PMBOK)
- Describes knowledge unique to the project management field and that overlaps with other management disciplines.
- Purpose: to identify good practices generally recognized and applicable to most projects.
Application Areas
- Categories of projects with common elements, significant in projects vs. operational work.
Scope of the Project
- Work to be done, with a focus on planning, executing, and controlling operations.
- Performed by people, constrained by limited resources.
Projects vs. Operational Work
- Characteristics: temporary and unique, attained through planned, executed, and controlled operations.
International Organization for Standardization (ISO)
- Established by consensus, with 150 standard documents.
Regulation
- Government-imposed requirements for projects.
Project Management
- Application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
- Process groups: initiating, planning, executing, monitoring and controlling, and closing.
Project Manager
- Person responsible for accomplishing project objectives.
What is a Project?
- Temporary endeavor to create a unique product, service, or result.
- Subject to the "Triple Constraint" of scope, time, and cost.
Project Risk
- Uncertain event or condition that has a positive or negative effect on the project.
Areas of Expertise
- PMBOK knowledge
- Application area knowledge and standards
- Regulation
- Understanding the project environment
Key Characteristics of Projects
- Temporary, with a definite beginning and end.
- Unique, with unique deliverables.
- Quantifiable, with supporting outcomes or documents.
Personal Skills
- Important for project management, encompassing general management knowledge and skills, inter-project deliverables.
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