Project Planning Concepts Quiz
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Questions and Answers

What is the primary purpose of project planning?

  • To achieve a specific objective (correct)
  • To fulfill specific requirements including constraints of time, cost, and resources
  • To generate activities involving a variety of human and non-human resources
  • To originate a project idea that is technically feasible, economically viable, politically suitable, and socially acceptable

    • What does the Project Management Institute define a project as?

  • An effort that starts from scratch with a definite mission (correct)
  • A unique process consisting of start and finish dates
  • A combination of human and material resources pulled together in an organization
  • A physical or end result of an investment plan

    • What is the key characteristic of a project, as per the ISO document?

  • A combination of human and material resources
  • A physical or end result
  • A set of coordinated and controlled activities with start and finish dates (correct)
  • A building block of an investment plan

    • What makes managing a project an exciting new profession?

    <p>The possibility of achieving a specific objective</p> Signup and view all the answers

    What are the essential criteria for a project to be initiated, as mentioned in the text?

    <p>Technically feasible, economically viable, politically suitable, and socially acceptable</p> Signup and view all the answers

    What does the text describe a project as?

    <p>A combination of human and material resources pulled together in an organization</p> Signup and view all the answers

    What are the main types of major projects mentioned in the text?

    <p>Revenue project and Capital project</p> Signup and view all the answers

    What is the difference between a project and a program?

    <p>A project is time-bound, while a program is not</p> Signup and view all the answers

    Which of the following is NOT a basis for the classification of projects mentioned in the text?

    <p>Based on the team work involved</p> Signup and view all the answers

    What is the main feature of capital projects mentioned in the text?

    <p>They usually occupy considerable time</p> Signup and view all the answers

    Based on technology, what are the two types of projects mentioned in the text?

    <p>Capital intensive project and Labor intensive project</p> Signup and view all the answers

    What is the reason for project failure according to the text?

    <p>Technical Problems</p> Signup and view all the answers

    What is Project Management according to the text?

    <p>A set of principles, practices, and techniques applied to lead project teams</p> Signup and view all the answers

    What does a program represent according to the text?

    <p>[It] can represent a sector and is a collection of closely connected projects</p> Signup and view all the answers

    How are projects classified based on location according to the text?

    <p>[They are classified as] Rural Projects and Urban projects</p> Signup and view all the answers

    What are the two main types of outputs based on which projects are classified according to the text?

    <p>Project producing tangible Products and Project providing services</p> Signup and view all the answers

    A project is initiated to achieve a specific objective.

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

    The Project Management Institute defines a project as a physical end result.

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

    Project planning has been widely adopted by internal funding agencies.

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

    A project can be described as a combination of human and non-human resources pulled together to achieve a specific objective.

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

    Managing a project is not considered an exciting new profession.

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

    A project is undertaken to achieve an objective conforming to specific requirements including constraints of time, cost, and resources.

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

    A program is necessarily time-bound as per the text.

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

    Capital projects are usually completed within a single accounting period.

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

    Labor-intensive projects are a type of technology-based classification of projects.

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

    International projects fall under the category of short-term projects based on the time horizon.

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

    Rural projects are classified based on the nature of the project as per the text.

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

    Project management involves only controlling activities and motivating project teams.

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

    The main purpose of project planning is to result in delighted customers.

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

    Revenue projects always require considerable capital investment.

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

    Projects providing services fall under the agricultural sector based on the economic sector classification.

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

    A project is normally originated from a national plan according to the text.

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

    Study Notes

    Project Planning and Management

    • The primary purpose of project planning is to achieve a specific objective conforming to specific requirements including constraints of time, cost, and resources.

    Definition of a Project

    • The Project Management Institute defines a project as a temporary endeavor with a specific objective, within a specific timeframe, and with specific resources.
    • A project is a combination of human and non-human resources pulled together to achieve a specific objective.

    Characteristics of a Project

    • The key characteristic of a project, as per the ISO document, is that it is temporary and has a specific objective.
    • Projects are undertaken to achieve an objective conforming to specific requirements including constraints of time, cost, and resources.

    Essential Criteria for Initiating a Project

    • The essential criteria for a project to be initiated include a specific objective, specific timeframe, and specific resources.

    Types of Projects

    • The main types of major projects mentioned in the text are revenue projects, capital projects, and service projects.
    • Projects can be classified based on technology into labor-intensive projects and non-labor-intensive projects.
    • Projects can be classified based on location into international projects, rural projects, and urban projects.
    • Projects can be classified based on the economic sector into agricultural projects, industrial projects, and service projects.

    Project vs. Program

    • A project is a temporary endeavor with a specific objective, while a program represents a group of related projects.

    Reasons for Project Failure

    • The reason for project failure, according to the text, is not mentioned.

    Project Management

    • Project management, according to the text, involves controlling activities and motivating project teams.
    • The main purpose of project planning is to result in delighted customers.

    Classification of Projects

    • Projects can be classified based on the nature of the project, such as infrastructure projects, IT projects, and construction projects.
    • Projects can be classified based on the time horizon into short-term projects, medium-term projects, and long-term projects.

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    Test your knowledge of project planning concepts and the factors that make a project feasible and acceptable. Explore the origins and adoption of project planning, as well as its relevance in today's professional landscape.

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