Project Management Overview
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Questions and Answers

When the e-mails are sent and the DVDs are ready, load the new ______.

software

The entire project can be planned out on a ______, which a project manager can use to convert task start and finish times into specific dates.

calendar

A PERT chart shows intricate task ______ and patterns.

linkages

After the briefings, send out customer ______ and burn sample DVDs.

<p>e-mails</p> Signup and view all the answers

First, reserve the meeting ______.

<p>room</p> Signup and view all the answers

A manager who is working to address urgent ______ will find this information useful.

<p>difficulties</p> Signup and view all the answers

Techniques like PERT and Gantt charts are not mutually ______, and project managers frequently utilize both methods.

<p>exclusive</p> Signup and view all the answers

When the marketing materials have arrived and the ______ is ready, do a dress rehearsal.

<p>software</p> Signup and view all the answers

Units which can be hours, days, weeks, or ______, depending on the project.

<p>months</p> Signup and view all the answers

An actual project starts on a specific date, but can also be measured from a point in time, such as ______ 1.

<p>Day</p> Signup and view all the answers

The finish time of Task 1 determines the start date of ______ 2.

<p>Task</p> Signup and view all the answers

When several tasks can start at the same time, each is called a ______ task.

<p>concurrent</p> Signup and view all the answers

Tasks that depend on a single prior task are called ______ tasks.

<p>successor</p> Signup and view all the answers

The longest predecessor task becomes the ______ factor for a dependent task.

<p>controlling</p> Signup and view all the answers

To calculate the finish day or date, you add the duration to the start day or ______.

<p>date</p> Signup and view all the answers

When several task patterns combine, you must be very careful not to add too many ______.

<p>days</p> Signup and view all the answers

What-if analysis allows a project manager to vary one or more ______ in a model.

<p>element(s)</p> Signup and view all the answers

A risk response plan is a proactive effort to anticipate a ______ and describe an action plan.

<p>risk</p> Signup and view all the answers

Most project management software includes powerful features to monitor ______.

<p>risks</p> Signup and view all the answers

Microsoft Project Server 2010 has a built-in ______ management capability.

<p>risk</p> Signup and view all the answers

Monitoring risks is ongoing throughout the risk management ______.

<p>process</p> Signup and view all the answers

A well-structured risk response plan can reduce the overall impact by triggering timely and ______ action.

<p>appropriate</p> Signup and view all the answers

Probability represents the ______ that a risk might occur.

<p>likelihood</p> Signup and view all the answers

Risk management software is an integrated solution for corporate ______.

<p>management</p> Signup and view all the answers

Enter Task Name: Additionally, there are three crucial rules to ______ in mind as you proceed.

<p>bear</p> Signup and view all the answers

Task Name: A brief and descriptive name for the ______.

<p>task</p> Signup and view all the answers

If a successor task has more than one predecessor task, use the latest ______ time.

<p>finish</p> Signup and view all the answers

For example: If a task begins on Day 10 and lasts for 5 days, its finish time is Day ______.

<p>14</p> Signup and view all the answers

Step 2: Enter Start and Finish ______ Times.

<p>Times</p> Signup and view all the answers

Tasks 1, 2, 4, 6, 9, and 11 make up the critical path, highlighted by the ______ arrows.

<p>red</p> Signup and view all the answers

As you move forward, simply add the task duration to its start time to find and record its ______ time.

<p>finish</p> Signup and view all the answers

Successor Tasks: Identify the tasks that come ______ the first one.

<p>after</p> Signup and view all the answers

The risk will happen, expressed as a ______

<p>percentage</p> Signup and view all the answers

Impact indicates the degree of adverse effect on a scale of ______ to 10

<p>1</p> Signup and view all the answers

Risk management involves identifying, analyzing, anticipating, and monitoring ______

<p>risks</p> Signup and view all the answers

The ______ plan identifies plans to control or limit the risk

<p>mitigation</p> Signup and view all the answers

A contingency plan specifies actions to be taken if the ______ occurs

<p>risk</p> Signup and view all the answers

To be successful, an information system must satisfy business ______

<p>requirements</p> Signup and view all the answers

The major objective of every system is to provide a solution to a business ______

<p>problem</p> Signup and view all the answers

When problems occur, the project manager's ability to handle the ______ becomes critical

<p>situation</p> Signup and view all the answers

A Gantt chart is a horizontal bar chart that represents a set of ______.

<p>tasks</p> Signup and view all the answers

The formula for estimating task duration is (B + 4P + W) / ______.

<p>6</p> Signup and view all the answers

The main types of task patterns include dependent tasks, multiple-successor tasks, and multiple-______ tasks.

<p>predecessor</p> Signup and view all the answers

Identifying task patterns is the second key step in project ______.

<p>planning</p> Signup and view all the answers

The series of tasks which, if delayed, would affect the final completion date is called the ______ path.

<p>critical</p> Signup and view all the answers

Factors affecting task duration include project size, human resources, and experience with similar ______.

<p>projects</p> Signup and view all the answers

Project management focuses on planning and ______ a project and its resources.

<p>organizing</p> Signup and view all the answers

Program Evaluation Review Technique (PERT) chart is used to manage ______ activities of any project.

<p>uncertain</p> Signup and view all the answers

Flashcards

Project Planning

Using a calendar to convert task start and finish times into specific dates for a project.

Project Management

Comparing planned tasks to actual progress and taking corrective actions.

PERT Chart

A chart showing task linkages and patterns in a project.

Dress Rehearsal

A practice run of a project's final steps.

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Task Linkages

Connections between different project tasks.

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Work Breakdown Structure

Breaking down a project into smaller, detailed tasks.

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Marketing Materials

Materials used to promote a project or product.

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Meeting Room Reservation

Booking a room for a project meeting.

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Project Units

Units of time for projects, such as hours, days, weeks, or months.

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START DAY/DATE

The date a task is scheduled to begin.

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FINISH DAY/DATE

The date a task is scheduled to end.

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Dependent Task

A task whose start date is controlled by the finish date of another task.

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Concurrent Task

Tasks that can start at the same time.

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Predecessor Task

A task that must be completed before a successor task can begin.

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Successor Task

A task that begins after a predecessor task is finished.

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Multiple Predecessor Tasks

A task that depends on two or more prior tasks before starting.

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Critical Path

The longest sequence of tasks in a project, determining the minimum project completion time.

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Task Duration

Estimated time required to complete a specific task in a project.

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Start Time

The specific date or time when a task is scheduled to begin, dependent on predecessor tasks.

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Finish Time

The specific date or time when a task is scheduled to be completed, calculated by adding the task's duration to its start time.

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Project Completion Date

The final projected date when all tasks in a project are expected to be completed.

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How do you determine the start time for a successor task with multiple predecessor tasks?

Use the latest finish time of all predecessor tasks to determine the start time for the successor task.

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Risk Probability

The likelihood of a risk occurring, expressed as a percentage.

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Risk Impact

The severity of the negative effect if a risk occurs, measured on a scale of 1 to 10.

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Risk Cost

The potential financial impact of a risk occurring.

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Risk Category

A classification of a risk based on its type, like financial, technical, or operational.

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Risk Description

A detailed explanation of the specific risk and its potential consequences.

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Mitigation Plan

A strategy to reduce or control the likelihood or impact of a risk.

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Contingency Plan

A plan for dealing with a risk if it actually occurs.

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Trigger

A specific event or condition that initiates a contingency plan.

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What-if Analysis

A modeling technique used to explore the potential effects of changing one or more project variables. It helps project managers understand the impact of risk and evaluate different scenarios.

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Risk Response Plan

A proactive strategy to anticipate and manage potential risks. It outlines specific actions to address identified risks and minimize their impact.

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Risk Management Software

Software designed to help organizations identify, assess, and manage risks. It often includes features for risk analysis, planning, and monitoring.

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Monitor for Risks

The ongoing process of tracking potential risks, looking for changes, and updating the risk management plan as needed.

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Probability in Risk Management

The likelihood that a specific risk will actually happen. It's a crucial factor in determining the seriousness of a risk.

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Trigger Timely Action

Responding to risks swiftly and appropriately, instead of waiting for them to become major problems.

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Assign Specific Dates

Setting firm dates for tasks in a project plan. This is important for managing time and deadlines.

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Track Progress

Monitoring the progress of project tasks and comparing actual results to planned goals. This helps identify any delays or issues.

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Work Breakdown Structure (WBS)

A hierarchical list of tasks that breaks down a project into smaller, manageable components.

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Task Pattern

The relationship between tasks in a project, determining the order in which they must be completed.

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Multiple-Successor Task

A task that can be followed by multiple other tasks.

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Gantt Chart

A graphical representation of a project schedule, showing the start and finish dates for each task.

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Study Notes

Project Management Goal

  • Project management is the application of processes, methods, skills, knowledge, and experience to achieve specific project objectives
  • It helps organizations succeed by illustrating how it works, providing examples, and explaining how it contributes to success.
  • Techniques used include work breakdown structure, task patterns, critical paths, and various scheduling tools (Gantt charts and PERT charts)
  • Project risk management is also a crucial aspect

Project Elements

  • Yellow highlights indicate main concepts
  • Pink highlights denote important points
  • Green highlights signify subtopics or subcategories
  • Blue highlights represent additional information

What Shapes a Project?

  • A successful project is completed on time, within the budget, and satisfies user requirements, meeting project needs
  • System developers can initiate a project at any stage of the Systems Development Life Cycle (SDLC), from preliminary investigation to later stages
  • Key factors include budget limits, time constraints, and quality standards

Project Manager Roles

  • Responsible for defining, planning, and managing changes to a project, overseeing teams
  • Four key activities/functions include planning, scheduling, monitoring, and reporting

Project Coordinator

  • Handled administrative responsibilities
  • Negotiates with users for changes to the requirements, which may affect project time or cost

Work Breakdown Structure (WBS)

  • Breaking down a large project into smaller tasks

Gantt Chart

  • A horizontal bar chart that displays tasks, durations, and planned start/end times

PERT Chart

  • A visual representation used to represent project timelines, show tasks required, and estimate time and resources
  • It uses circles/rectangles (nodes) that represent events or milestones.
  • It uses lines (dependencies) to connect nodes
  • Microsoft calls this a network diagram

PERT/CPM Chart

  • Program Evaluation Review Technique (PERT) and Critical Path Method (CPM)
  • The critical path refers to the longest series of tasks that must be completed in a sequence to finish a project on schedule
  • PERT/CPM is used to identify the critical path
  • Essential tasks for project completion
  • Helps determine the essential tasks for project completion

Task Patterns

  • Dependent tasks: Tasks that must be completed one after another
  • Multiple successor tasks: Tasks that can begin at the same time
  • Multiple predecessor tasks: Tasks that require multiple prior tasks to be completed before they can begin

Critical Path

  • Series of tasks that, if delayed, affect the project completion date
  • Necessary to calculate start/end times
  • Project management software can highlight the critical path.

Risk Management

  • Identifying, analyzing, anticipating, and monitoring potential negative events (risks) that could affect a project negatively
  • Steps in risk management include:
    • Developing a risk management plan
    • Identifying the risks
    • Analyzing the risks
  • Qualitative risk analysis assesses risk probability and impact
  • Quantitative risk analysis determines the calculated impact of risks
  • Risk response plan is a strategy to deal with anticipated risks
  • Monitoring risks is a continuous process to track and update risk information

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Description

Explore the key concepts and techniques of project management in this informative quiz. Learn how to apply skills, methods, and knowledge to achieve project objectives successfully. Understand the importance of risk management and other project elements that contribute to overall success.

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