Project Management Unit 2: Project Proposal and Project Life Cycle
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Questions and Answers

What is the purpose of an executive summary in a project?

  • To summarize the purpose, goals, and approach of the project (correct)
  • To create a detailed breakdown structure of the project tasks
  • To outline the quality standards for the project
  • To provide detailed information about the project budget
  • What is the main function of a Work Breakdown Structure (WBS) in a project?

  • To provide a final cost estimation for the project
  • To allocate resources to different project tasks
  • To outline the quality standards for the project deliverables
  • To break down a project into manageable components for better planning and resource allocation (correct)
  • What is included in a WBS dictionary?

  • A detailed timeline for project milestones
  • A list of quality standards for project management
  • The total estimated costs of all project deliverables
  • Definition of each element in the WBS including level, code, name, and description (correct)
  • What is the purpose of a Human Resource Plan in a project?

    <p>To manage and utilize human resources effectively within the project team</p> Signup and view all the answers

    Why are milestones important in project management?

    <p>To mark significant points in time and track progress</p> Signup and view all the answers

    What is the purpose of a Work Breakdown Structure in project planning?

    <p>To outline the tasks needed to complete the project</p> Signup and view all the answers

    What distinguishes a milestone from a deliverable in a project?

    <p>Milestones signify project completion, while deliverables are project outputs</p> Signup and view all the answers

    What does a Project Scope outline in the context of project planning?

    <p>Specific objectives, deliverables, and constraints of the project</p> Signup and view all the answers

    What is the primary role of the Executive Summary in a project proposal?

    <p>Summarizing key aspects of the project to stakeholders</p> Signup and view all the answers

    In the context of Project Management, what does 'Project Closure' involve?

    <p>Handing over deliverables to stakeholders and formally ending the project</p> Signup and view all the answers

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