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Questions and Answers
What is the purpose of project management?
To identify, establish, coordinate, and monitor activities, tasks, and resources for a project that aligns with organizational goals and objectives.
Which of the following are key components of effective project management? (Select all that apply)
What does project governance aim to improve?
What is the role of governance in project management?
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Governance applies a set of knowledge, skills, tools, and techniques to a collection of _____ in order to move the organization toward its strategic goals.
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Match the project management structures with their descriptions:
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Study Notes
Project Management Overview
- Project management is a process that helps to control project life cycles
- Project life cycles include phases for initiation, planning, execution, monitoring, controlling, and closing
- COBIT views project management as impacting both the effectiveness and efficiency of information systems
- Project management includes IT resources like people, applications, technology, and operational facilities
- Controls for satisfying organizational business requirements include project sponsorship, rigorous milestone tracking, budgeting, and user involvement
Project Governance
- Designed to improve overall project management within organizations
- Provides senior management with an overview of project management activities
- Shows senior managers how organizational resources are being used
- Assesses the risk of projects being undertaken
- Enables senior management to monitor project execution management
Project Management Structures
- Project management structures include functional organization, dedicated project teams, and matrix structures
- These structures provide a framework for launching and implementing project activities
- Structures balance the needs of the parent organization with project needs
- The structure defines how a project interacts with an organization, in terms of authority, resource allocation, and the integration of project outcomes into mainstream operations
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Description
This quiz covers the fundamentals of project management, including its life cycles, governance, and structures. It discusses how effective project management influences information systems and organizational resources. Test your knowledge on the various phases, controls, and monitoring aspects of project management.
