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Questions and Answers
What is the primary purpose of project planning?
What does the Project Management Institute define a project as?
What is the key characteristic of a project, as per the ISO document?
What makes managing a project an exciting new profession?
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What are the essential criteria for a project to be initiated, as mentioned in the text?
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What does the text describe a project as?
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What are the main types of major projects mentioned in the text?
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What is the difference between a project and a program?
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Which of the following is NOT a basis for the classification of projects mentioned in the text?
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What is the main feature of capital projects mentioned in the text?
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Based on technology, what are the two types of projects mentioned in the text?
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What is the reason for project failure according to the text?
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What is Project Management according to the text?
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What does a program represent according to the text?
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How are projects classified based on location according to the text?
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What are the two main types of outputs based on which projects are classified according to the text?
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A project is initiated to achieve a specific objective.
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The Project Management Institute defines a project as a physical end result.
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Project planning has been widely adopted by internal funding agencies.
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A project can be described as a combination of human and non-human resources pulled together to achieve a specific objective.
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Managing a project is not considered an exciting new profession.
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A project is undertaken to achieve an objective conforming to specific requirements including constraints of time, cost, and resources.
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A program is necessarily time-bound as per the text.
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Capital projects are usually completed within a single accounting period.
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Labor-intensive projects are a type of technology-based classification of projects.
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International projects fall under the category of short-term projects based on the time horizon.
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Rural projects are classified based on the nature of the project as per the text.
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Project management involves only controlling activities and motivating project teams.
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The main purpose of project planning is to result in delighted customers.
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Revenue projects always require considerable capital investment.
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Projects providing services fall under the agricultural sector based on the economic sector classification.
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A project is normally originated from a national plan according to the text.
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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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Description
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.
