Project Management Fundamentals Part 1 Quiz

Cost and staffing levels are low at the start and move higher towards the end, probability of successfully completing the project is low at the beginning and higher towards the end, and stakeholder influence is high at the beginning and progressively lowers as the project continues.

They mark the completion of a deliverable, represent tangible and verifiable work product, and involve the review and approval/denial of deliverables.

Stakeholders include project managers, customers, performing organizations, owners, sponsors, teams, internal/external end users, society, citizens, and others like owners, funders, suppliers, and contractors.

<p>Project-based organizations derive revenues from performing projects for others and have 'management by projects,' while non-project-based organizations seldom have management systems designed to support project needs.</p> Signup and view all the answers

<p>Consistently producing results expected by stakeholders, establishing direction, aligning resources, motivating, clear, unambiguous, and complete communication, and negotiating with others to reach agreements.</p> Signup and view all the answers

<p>A temporary endeavor undertaken to create a unique product or service with a definite beginning and end.</p> Signup and view all the answers

<p>Programs adopt a new set of objectives and continue to work, while projects cease when declared objectives have been attained.</p> Signup and view all the answers

<p>It means that the characteristics are worked with care and detail, proceeding in steps.</p> Signup and view all the answers

<p>The scope of a project should remain constant even as characteristics are progressively elaborated.</p> Signup and view all the answers

<p>Scope, time, cost, and quality.</p> Signup and view all the answers