Project Management Fundamentals

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a key characteristic of a project?

It is a permanent organization

It is a repetitive process

It is a long-term endeavor

It is a unique product or service (correct)

What are the primary components of the Triple Constraint in project management?

Quality, Resource, and Risk

Scope, Time, and Cost (correct)

Time, Cost, and Resource

Scope, Quality, and Time

According to the PMBOK 7th edition, what is project management?

The application of knowledge, skills, tools, and techniques to project activities (correct)

The use of specific knowledge, skills, and tools to deliver a project

The process of leading a team to achieve project goals

The application of knowledge, skills, and tools to project activities

What is the primary purpose of project management?

To deliver a project within the given constraints Signup and view all the answers

What is the 'glue' that keeps the Triple Constraint together?

Quality Signup and view all the answers

What is the primary goal of project planning?

To define project scope and objectives Signup and view all the answers

What was a major issue that Airbus faced during the development of the A380?

Different shops using different CAD programmes and measurements Signup and view all the answers

What is essential for successful project management, as highlighted by the Airbus A380 project?

Using the same software and measurements across teams Signup and view all the answers

What was the primary cause of the Space Shuttle Challenger explosion?

Human error Signup and view all the answers

What is the role of a project manager in minimizing human error?

To put systems in place to minimize the risk of human error Signup and view all the answers

What was the original completion date for the Berlin Brandenburg Airport construction project?

2011 Signup and view all the answers

What was the actual completion date for the Berlin Brandenburg Airport construction project?

2020 Signup and view all the answers

What is a key takeaway from the Berlin Brandenburg Airport construction project?

Delays can impact projects of any size Signup and view all the answers

What is essential for preventing scope creep in projects?

Defining the project scope and sticking to it Signup and view all the answers

What is one of the reasons why the Berlin Brandenburg Airport project failed?

Having too many stakeholders with conflicting visions Signup and view all the answers

Which of the following is a characteristic of a successful project?

Completing the project within schedule time Signup and view all the answers

What is 'Scope Creep' in project management?

A gradual increase in project scope Signup and view all the answers

What is the main goal of the Triple Constraint Management in project management?

To balance project scope, schedule, and budget Signup and view all the answers

What is the significance of the Cochin Airport project being 'power neutral'?

It produces all the power it needs for its operations Signup and view all the answers

Which of the following is a risk management strategy in project planning?

Scope creep prevention Signup and view all the answers

Study Notes

Course Overview

This course can prepare students for exams in CompTIA Project+ and Certified Associate in Project Management (CAPM).
This course is not intended as a crash course prep for CompTIA or CAPM.

What is a Project?

A project is a temporary endeavour undertaken to create a unique product, service or result.
Key words to remember: Temporary, Unique.

Components of a Project

All projects are defined by the Triple Constraint: Scope, Time, and Cost.
Quality is the glue that keeps all components together.

What is Project Management?

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
It is the use of specific knowledge, skills, tools, and techniques to deliver something of value to people.
It is the process of leading the work of a team to achieve all project goals within the given constraints.

Failed Projects

The Airbus A380 project failed due to differences in CAD programmes and measurement units across borders, cultures, and time zones.
The Space Shuttle Challenger exploded in 1986 due to a faulty seal and human error.
The Berlin Brandenburg Airport project was delayed by nearly a decade due to having too many stakeholders with conflicting visions.

Why Do Projects Fail?

Projects fail due to the Triple Constraint: Scope, Time, and Cost.

What Makes a Successful Project?

A successful project is one that achieves its objectives within budgeted cost and schedule time, meets requirements, and maintains customer goodwill.

Examples of Successful Projects

Cochin Airport, India, is a successful project that was completed on time, within budget, and runs totally on solar power.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Learn the basics of project management, including the definition of a project and key concepts. This course can also help prepare you for CompTIA Project+ and CAPM certifications.