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