Project Management GE 401 Lecture 1 Quiz

A temporary endeavor undertaken to create a unique product, service, or result with a defined start and end date.

A series of ongoing and repeated activities that are performed routinely.

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

The duration of a project is limited and defined by a predetermined start and end date.

A project aims to achieve specific objectives or goals that are clearly defined in its scope.

A project creates something new or changes how things are done, making it distinct from other products or services.

Projects are unique and temporary with a defined start and end. They have a finite budget and aim to achieve a specific objective.

Projects involve creating something new, which means they have a unique purpose, design, and scope. The outcome is not simply a repetition of existing work.

A program is a collection of related projects managed together to achieve a larger goal, generating benefits not obtainable by managing each project independently.

Operations are ongoing activities that continuously produce the same output. They aim to maintain the functionality of an organization and are not meant to end.

Projects evolve as they progress, meaning they adapt to new information, changes in requirements, and unforeseen circumstances. This leads to adjustments in plans and estimates.

Projects are dynamic, meaning they are constantly evolving. They adapt to changes in conditions, new insights, and learning from the process.

A project's scope is defined by its objectives and how much it aims to achieve, giving it a definitive end when the objectives are met.

A project's life span is limited and defined by its start and end dates. It's unlike an operation that continues indefinitely.

Mass production involves creating many identical products using specialized equipment and standardized processes, like a car assembly line.

Batch production refers to producing a set of goods or services in batches, allowing for customization within each batch, like baking different flavors of cookies in small batches.

Operations and projects are similar in that they require planning, execution, and control to ensure success, involve people, and are constrained by limited resources.

An operation is like a running machine, constantly producing, while a project is like a construction project with a definitive start and end.

Building a bridge is a project because it's temporary, has a specific goal (a bridge), and requires a defined timeframe.

Building a house, a shopping mall, a factory, or an underground facility are all considered projects as they have defined start and end dates, are temporary, and create unique products.

Generating bills every month and broadcasting news are examples of operations because they happen continuously and repeatedly.

Projects and operations can be found within organizations to achieve different goals, with projects being temporary and operations being ongoing.

An ongoing process that continues indefinitely, without a defined ending point.

A project focused on a specific community or neighborhood, addressing local challenges and needs.

A project aimed at achieving a purpose or goal that benefits the entire nation, potentially impacting its economy, society, or infrastructure.

A project with a global impact, aiming to address international challenges and improve the lives of people across the world.