Project Management Fundamentals Quiz

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Questions and Answers

What is a project?

A project is a temporary endeavor undertaken to create a unique product, service, or result.

What is project management?

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

What are the 3 major project constraints?

  • Resources, Schedule, Risk
  • Quality, Budget, Timeline
  • Scope, Time, Cost (correct)
  • Design, Development, Deployment

Which of the following is NOT an example of an IT project?

<p>Constructing a new office building (D)</p> Signup and view all the answers

What is the triple constraint in project management?

<p>The triple constraint refers to the management of scope, time, and cost within a project to ensure balance and success.</p> Signup and view all the answers

What are the benefits of using modern project management techniques?

<p>Modern project management techniques provide various benefits, including better control over resources, improved customer relations, shorter development times, lower costs, increased productivity, higher quality, enhanced reliability, higher profit margins, improved internal coordination, positive impact on strategic goals, and higher worker morale.</p> Signup and view all the answers

What are the three project constraints?

<p>Scope, Time, and Cost (A)</p> Signup and view all the answers

Flashcards

Project

A temporary endeavor aimed at creating a unique product, service, or result.

IT Project

A project focused on information technology, such as developing software or hardware.

Project Constraints

Limitations or restrictions that affect project completion.

Project Management

The process of organizing and managing resources to achieve project goals.

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Financial Resources

Money and budget allocated for a project.

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Physical Resources

Equipment and materials needed for a project.

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Human Resources

People involved in a project.

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Customer Relations

Connections and interactions with the project's customer.

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Development Time

The duration required to complete a project.

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Project Costs

Expenses associated with a project.

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Project Quality

The degree to which a project meets its requirements.

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Project Reliability

The project's ability to perform as expected.

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Profit Margins

The difference between revenue and costs.

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Internal Coordination

Effective communication and cooperation within the project team.

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Strategic Goals

Objectives that align with an organization's overall plan.

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Worker Morale

The level of enthusiasm and satisfaction among employees.

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Uniqueness

A Project's distinctive features.

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Project Objective

The specific goal of the project.

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Progressive Elaboration

A method of project definition through gradual clarification as it progresses.

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Project Sponsor

Person/group providing direction and funds.

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Project Uncertainty

Variability and challenges in project outcome.

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What is a project?

A temporary endeavor undertaken to create a unique product, service, or result.

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Why are IT projects important?

IT projects play a crucial role in improving business processes, enhancing customer experiences, and driving innovation.

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What are the benefits of using modern project management techniques?

Modern project management techniques lead to better control of resources, improved customer relations, shorter development times, lower costs, higher quality, increased reliability, higher profit margins, better internal coordination, a positive impact on meeting strategic goals, and higher worker morale.

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IT project example: New product

Developing a new software application or hardware device is an IT project.

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IT project example: Organizational change

Implementing a new system or process to improve how a company operates is an IT project.

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IT project example: New information system

Developing or acquiring a new or modified information system (hardware or software) is an IT project.

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IT project example: Research

Conducting research and documenting its findings is an IT project.

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IT project example: Construction

Constructing a new building or infrastructure for an IT company is an IT project.

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IT project example: Business process improvement

Improving how a company operates using technology is an IT project.

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What is a project attribute?

A specific characteristic or element of a project.

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What is a project's unique purpose?

Every project has a clearly defined objective or goal.

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Why is a project temporary?

A project has a definite beginning and end.

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What is progressive elaboration?

As a project progresses, its details become more specific and detailed.

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What resources are needed for a project?

A project requires various resources, including people, hardware, software, and other assets.

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Who is the project sponsor?

The project sponsor provides direction and funding for the project.

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Why is uncertainty involved in projects?

Projects often involve unpredictable elements, such as changing requirements, unforeseen challenges, or time constraints.

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Study Notes

Course Information

  • Course Title: Project Management
  • Course Code: COMP 025
  • Instructor: Prof. Camilo P. Abogado
  • Department: MM-Public Service Management
  • Institution: Polytechnic University of the Philippines Institute of Technology

Unit 1: Project Management Fundamentals

  • Lesson 1: Project, Project Examples, and Constraints
  • Learning Objectives:
    • Articulate the need for better project management, especially for IT projects.
    • Explain what a project is.
    • Provide examples of IT projects and their attributes.
    • Describe project management constraints.

Course Materials

  • The need for better project management
  • Advantages of modern project management techniques:
    • Better control of financial, physical, and human resources
    • Improved customer relations
    • Shorter development times
    • Lower costs and improved productivity
    • Higher quality and increased reliability
    • Higher profit margins
    • Better internal coordination
    • Positive impact on meeting strategic goals
    • Higher worker morale

What is a Project?

  • A project is a temporary endeavor undertaken to create a unique product, service, or result.

Examples of IT Projects

  • Developing a new product, service, or result.
  • Effecting a change in the structure, processes, staffing, or style of an organization.
  • Developing or acquiring a new or modified information system (hardware or software).
  • Conducting a research effort whose outcome will be aptly recorded.
  • Constructing a building, industrial plant, or infrastructure.
  • Implementing, improving, or enhancing existing business processes and procedures.
  • Examples of IT projects:
    • PPA Attendance Record Monitoring System
    • PPA e-Payment Portal
    • PPA Online Recruitment Portal
    • Mitsubishi Motors Philippines Corp. Dynamic Pay
    • Microsoft Dynamics CRM 2011
    • eFPS, eBIRForms, ePAY, CAFS
    • Strategic Healthcare IT Advanced Research Projects on Security (SHARPS)

Attributes of Projects

  • A project has a unique purpose.
  • Every project should have a well-defined objective.
  • A project is temporary.
  • A project has a definite beginning and end.
  • A project is developed using progressive elaboration.
  • Projects are often defined broadly when they begin; as time passes, the specific details of the project become clearer.
  • A project requires resources (people, hardware, software, and other assets).
  • A project should have a primary customer or sponsor.
  • A project involves uncertainty.

What is Project Management?

  • Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
  • Project management is accomplished through appropriate application and integration of the 47 logically grouped project management processes, which are categorized into five Process Groups.

Constraints of Project

  • Scope, Time, and cost
  • Managing the triple constraint involves making trade-offs between scope, time, and cost goals for a project
  • For example, to meet scope and time goals, you may need to increase the budget.
  • Alternatively, to meet time and cost goals, you may need to reduce the scope of the project.

Activities/Assessment

  • Activity 1: Answer the following questions about projects, project management, project attributes, IT project examples, and project constraints.
  • Activity 2: Evaluate students' understanding of project constraints using a scenario of upgrading university technology infrastructure.
  • Activity 3: Group project proposal presentation on a simulated IT project.

Additional Instructions/References

  • See MS Teams for activities for back-up, and send copies of answers through email.
  • References:
    • Chapter 1 of the 9th edition of Information Technology Project Management by Kathy Schwalbe
    • Chapters 1.2, 1.3 of the 6th edition of the Guide to the Project Management Body of Knowledge (PMBOK® Guide).

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