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Project Management Fundamentals

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Questions and Answers

What is the primary difference between a project and operations?

Projects are temporary endeavors to create a unique product, while operations are ongoing work to sustain the business. (correct)

Operations focus on innovation, whereas projects focus on maintaining the status quo.

Projects continue indefinitely, whereas operations have specific end dates.

Projects are ongoing work to sustain the business, while operations are temporary endeavors to create a unique product.

Which of the following is an example of an IT project?

Developing a driverless car (correct)

Tracking child immunizations

Routine maintenance of computer systems

Acquiring other financial institutions by a bank

According to the PMBOK® Guide, when do projects typically end?

When they reach a certain duration regardless of achievement

When operations take over the project's tasks

When they have used up all allocated resources

When their objectives are achieved or the project is terminated (correct)

What characterizes an IT project as described in the provided text?

Creation of a unique product or service Signup and view all the answers

Which term best describes developing a smartphone application by a team of students?

Project Signup and view all the answers

Based on the text, what is the primary goal of operations in a business setting?

Sustaining the business Signup and view all the answers

What did Gartner predict with regards to mobile application downloads by 2014?

Around 70 billion downloads annually Signup and view all the answers

What is a key characteristic of a project according to the text?

Having a unique purpose and being temporary Signup and view all the answers

According to the PMBOK® Guide, what is project management defined as?

The application of knowledge, skills, tools, and techniques to meet project requirements Signup and view all the answers

What is the primary function of project managers?

Working with sponsors, teams, and other project stakeholders to achieve project goals Signup and view all the answers

What does the triple constraint in project management refer to?

Scope, time, and cost goals Signup and view all the answers

What role does uncertainty play in projects?

Projects involve uncertainty in various aspects Signup and view all the answers