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?

<p>Creation of a unique product or service (B)</p> Signup and view all the answers

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

<p>Project (A)</p> Signup and view all the answers

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

<p>Sustaining the business (C)</p> Signup and view all the answers

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

<p>Around 70 billion downloads annually (A)</p> Signup and view all the answers

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

<p>Having a unique purpose and being temporary (A)</p> Signup and view all the answers

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

<p>The application of knowledge, skills, tools, and techniques to meet project requirements (B)</p> Signup and view all the answers

What is the primary function of project managers?

<p>Working with sponsors, teams, and other project stakeholders to achieve project goals (B)</p> Signup and view all the answers

What does the triple constraint in project management refer to?

<p>Scope, time, and cost goals (C)</p> Signup and view all the answers

What role does uncertainty play in projects?

<p>Projects involve uncertainty in various aspects (A)</p> Signup and view all the answers

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