Project Management Chapter 1 Quiz

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Questions and Answers

What are the top factors to project success as reported by the CHAOS studies?

Executive support (correct)
User involvement (correct)
Resource allocation
Risk management

What is a project?

A temporary endeavor undertaken to accomplish a unique product, service, or result.

What does a value-driven approach to project management mean?

Measuring project success in terms of the value the project brings to the organization and not only in terms of meeting the project schedule and budget.

Which of the following organizational variables can influence the selection of IT projects? (Select all that apply)

<p>Environment (A), Strategy (B), Culture (D)</p> Signup and view all the answers

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Study Notes

Project Success Factors

CHAOS studies highlight user involvement and executive support as vital for successful project outcomes.

Definition of a Project

A project is defined as a temporary endeavor aimed at producing a unique product, service, or result, distinguishing it from ongoing operations.

Value-Driven Project Management

Emphasizes assessing project success based on the value generated for the organization, rather than solely relying on adherence to timeline and budget constraints.

Influences on IT Project Selection

The choice of IT projects is affected by various organizational variables, including:
- Culture: The collective behaviors and beliefs within the organization.
- Environment: External factors that can impact project feasibility and execution.
- Strategy: Alignment of projects with the overarching goals and direction of the organization.
- Politics: Internal power dynamics and stakeholder interests that may affect project prioritization.