Questions and Answers
The advent of project management has been most profound in?
Information technology
A professional organization for project management specialists is the?
The Project Management Institute (PMI)
List typical characteristics of a project.
An established objective, a clear beginning and end, never been done before, have funding limits, consume human and nonhuman resources, be multifunctional
Which of the following activities is not considered a project? A.Developing a new software program B.Designing a space station C.Preparing the site for the Olympic Games D.Production of automobile tires E.Developing a new advertising program
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From among the following activities, which is the best example of a project? A.Processing insurance claims B.Producing automobiles C.Writing a term paper D.Completing a college degree E.All of these are good examples of projects
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Which of the following choices is not one of the stages of a project life cycle? A.Conceptualizing B.Defining C.Planning D.Executing E.Delivering
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In which of the following stages are project objectives established, teams formed, and major responsibilities assigned? A.Conceptualizing B.Defining C.Planning D.Executing E.Delivering
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In which of the following stages is a major portion of the physical and mental project work performed? A.Conceptualizing B.Defining C.Planning D.Executing E.Delivering
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In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts? A.Conceptualizing B.Defining C.Planning D.Executing E.Delivering
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Which of the following characteristics is not typical of a project manager? A.Managing a temporary activity B.Possesses in-depth technical knowledge C.Managing a non-repetitive activity D.Manages independently of the formal organization E.Provides a direct link to the customer
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Which of the following choices is not one of the driving forces behind the increasing demand for project management? A.Compression of the product life cycle B.Knowledge explosion C.Development of third world and closed economies D.More emphasis on the product and less on the customer E.Corporate downsizing
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Project management is ideally suited for a business environment requiring all of the following except? A.Accountability B.Flexibility C.Innovation D.Speed E.Repeatability
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Study Notes
Project Management Overview
- Project management significantly influences the information technology sector, particularly in the electronics industry where innovation is driven by the efforts of young professionals.
Professional Organizations
- The Project Management Institute (PMI) serves as a primary professional organization for those specializing in project management.
Characteristics of a Project
- Defined purpose with an established objective.
- Projects possess a specific timeframe with clear starting and ending points.
- Unique endeavors, meaning they have never been executed in the same manner before.
- Typically have budget constraints.
- Utilize both human and nonhuman resources.
- Multidisciplinary in nature, often spanning several functional areas.
Identifying Projects
- Routine tasks, such as the production of automobile tires, are not categorized as projects due to their repetitiveness.
- Writing a term paper serves as a proper example of a project, as it is a unique one-time task.
Typical Project Constraints
- Key constraints in project management include time, cost, and performance requirements that govern project success.
Project Life Cycle Stages
- The project life cycle consists of stages including Defining, Planning, Executing, and Delivering. Conceptualizing is not recognized as a distinct stage.
Defining Phase
- The defining stage is crucial for establishing project objectives, forming teams, and assigning key responsibilities.
Executing Phase
- A substantial portion of work, both physical and mental, occurs during the executing phase, where status reports and performance adjustments are common.
Project Manager Characteristics
- Effective project managers oversee temporary, non-repetitive activities and manage projects independently of formal organizational structures.
- In-depth technical knowledge is not a requisite; instead, a strong focus on customer satisfaction is emphasized.
Demand for Project Management
- Increased demand for project management is driven by factors like product life cycle compression, knowledge growth, corporate downsizing, and heightened customer focus on tailored products.
Future of Project Management
- The importance of project management is rising, becoming integral to achieving organizational strategies and increasingly viewed as standard practice for business operations.
Key Aspects of Project Environment
- Successful project management thrives in settings that emphasize accountability, flexibility, innovation, and speed but not necessarily repeatability, which pertains more to standard operations rather than unique projects.
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Test your understanding of key concepts in project management with these flashcards. This quiz covers significant impacts and professional organizations within the field, ideal for aspiring project managers. Enhance your knowledge of project management terminology effectively.
