Project Management Fundamentals

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Questions and Answers

What are the primary constraints in project management?

Quality, budget, and stakeholders
Time, risk, and stakeholders
Scope, quality, and resources
Scope, time, and budget (correct)

How are projects different from business as usual (or operations)?

Projects do not aim to bring about beneficial change or added value
Projects are repetitive, permanent activities unlike operations
Projects have no constraints unlike business as usual
Projects are temporary and unique endeavors with a defined beginning and end (correct)

What is the primary objective of project management?

Reform the client's brief to suit the team's objectives
Produce a complete project that complies with the client's objectives (correct)
Minimize the allocation of necessary inputs
Maximize profits for the organization

How should the client's objectives influence decisions made by people involved in the project?

The client's objectives should influence all decisions made by other people involved in the project (C) Signup and view all the answers

What is the secondary challenge in project management?

Optimize the allocation of necessary inputs and apply them to meet pre-defined objectives (B) Signup and view all the answers

What is the key difference between projects and business as usual (or operations)?

The key difference is that projects are temporary and unique endeavors with a defined beginning and end, while business as usual (or operations) are repetitive, permanent, or semi-permanent functional activities. Signup and view all the answers

What is the purpose of project management?

The purpose of project management is to lead a team to achieve project goals within given constraints and produce a complete project that complies with the client's objectives. Signup and view all the answers

How does project documentation contribute to project management?

Project documentation describes the information about the project, such as constraints, objectives, and client's brief, and is created at the beginning of the development process to guide the project management. Signup and view all the answers

What are the primary factors that project managers need to optimize in project management?

Project managers need to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives, while considering the constraints of scope, time, and budget. Signup and view all the answers

Why is it important for project management objectives to be clearly established?

It is important for project management objectives to be clearly established so that they can influence all decisions made by other people involved in the project, to avoid detrimental decision-making. Signup and view all the answers