Podcast
Questions and Answers
The average salary of an IT Project Manager in UAE is AED 260,002.
The average salary of an IT Project Manager in UAE is AED 260,002.
True
According to the PMBOK® Guide, a project is defined as 'a permanent endeavor undertaken to create a unique product, service, or result.'
According to the PMBOK® Guide, a project is defined as 'a permanent endeavor undertaken to create a unique product, service, or result.'
False
All projects involve uncertainty.
All projects involve uncertainty.
True
The Triple Constraint of Project Management includes scope, time, and cost.
The Triple Constraint of Project Management includes scope, time, and cost.
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An IT Project Manager earns SAR 216,216 per year in Kuwait.
An IT Project Manager earns SAR 216,216 per year in Kuwait.
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The project sponsor is responsible for providing resources for the project.
The project sponsor is responsible for providing resources for the project.
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Historically, more than 50% of IT projects were successful in meeting scope, time, and cost goals.
Historically, more than 50% of IT projects were successful in meeting scope, time, and cost goals.
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31% of IT projects will be completed before they are cancelled.
31% of IT projects will be completed before they are cancelled.
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Worldwide IT spending is projected to total $3.7 trillion in 2018.
Worldwide IT spending is projected to total $3.7 trillion in 2018.
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According to KPMG, 30% of organizations have suffered at least one project failure in the prior 12 months.
According to KPMG, 30% of organizations have suffered at least one project failure in the prior 12 months.
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50% of respondents indicated that their project achieved its goals according to KPMG's research.
50% of respondents indicated that their project achieved its goals according to KPMG's research.
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More than 16 million people worldwide consider project management as their profession.
More than 16 million people worldwide consider project management as their profession.
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Project managers aim to meet the triple constraint by balancing project scope, time, and cost goals
Project managers aim to meet the triple constraint by balancing project scope, time, and cost goals
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The Project Management Institute (PMI) was founded in 1969.
The Project Management Institute (PMI) was founded in 1969.
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Program managers mainly act as bosses for project managers in a coordinated way to obtain benefits from managing projects individually
Program managers mainly act as bosses for project managers in a coordinated way to obtain benefits from managing projects individually
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Verbal communication is not important for large projects.
Verbal communication is not important for large projects.
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Stakeholders in a project include only the project sponsor and project manager
Stakeholders in a project include only the project sponsor and project manager
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Ethical behavior and consistency are not considered important skills for different project situations.
Ethical behavior and consistency are not considered important skills for different project situations.
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Project management tools and techniques help project managers in various aspects of project management, such as scope, time, and quality
Project management tools and techniques help project managers in various aspects of project management, such as scope, time, and quality
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Leadership is crucial for projects with high uncertainty.
Leadership is crucial for projects with high uncertainty.
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The main objective of a project could be to provide a good return on investment or simply make the sponsors happy
The main objective of a project could be to provide a good return on investment or simply make the sponsors happy
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Listening skills are not important for very novel projects.
Listening skills are not important for very novel projects.
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People skills are not relevant for building trust.
People skills are not relevant for building trust.
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Project management certification programs are no longer in demand.
Project management certification programs are no longer in demand.
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A PMP is required to have project experience, follow a code of ethics, and pass the PMP exam.
A PMP is required to have project experience, follow a code of ethics, and pass the PMP exam.
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The number of people earning PMP certification is declining.
The number of people earning PMP certification is declining.
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Applicants for PMP certification are not required to agree to PMI's Code of Ethics and Professional Conduct.
Applicants for PMP certification are not required to agree to PMI's Code of Ethics and Professional Conduct.
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Low-end tools for project management typically cost over $200 per user.
Low-end tools for project management typically cost over $200 per user.
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Project portfolio management involves managing projects independently of each other.
Project portfolio management involves managing projects independently of each other.
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Study Notes
Salary Insights
- Average salary for an IT Project Manager in UAE is AED 260,002.
- In Kuwait, the average salary for an IT Project Manager is SAR 216,216.
Project Management Definitions
- A project is a temporary endeavor designed to create a unique product, service, or result as per PMBOK® Guide.
- All projects inherently involve uncertainty.
Triple Constraint
- The Triple Constraint of Project Management encompasses three key elements: scope, time, and cost.
- Project managers must balance these constraints to achieve project goals.
Project Success and Challenges
- Historically, over 50% of IT projects meet their scope, time, and cost goals successfully.
- 31% of IT projects are completed before being cancelled.
- KPMG reports that 30% of organizations experienced at least one project failure in the previous year.
Financial Statistics
- Projected worldwide IT spending in 2018 was $3.7 trillion.
Project Management Workforce
- Over 16 million individuals globally consider project management their profession.
- The number of people earning PMP certification is on the decline.
Project Management Institute (PMI)
- The PMI was established in 1969 to support project management practices.
Roles in Project Management
- Project sponsors provide necessary resources for projects.
- Program managers oversee project managers to maximize benefits from each project.
Skills and Competencies
- Ethical behavior and consistency are not emphasized as vital skills in project management.
- Leadership is particularly important for projects with high levels of uncertainty.
- Project management tools assist in managing aspects like scope, time, and quality.
Communication and Stakeholders
- Verbal communication is overlooked in large projects.
- Stakeholders are not limited to just the project sponsor and project manager; a broader view of stakeholders is essential.
PMP Certification
- PMP candidates must possess project experience, adhere to a code of ethics, and pass the PMP exam.
- Agreement to PMI's Code of Ethics and Professional Conduct is not compulsory for PMP applicants.
Project Portfolio Management
- Project portfolio management involves managing projects as separate entities rather than in a coordinated manner.
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Description
Test your knowledge on the triple constraint of project management, focusing on scope, time, cost, and project priorities. Understand how successful project management involves meeting all three goals and satisfying the project sponsor. Explore concepts like changing constraints, accepting, enhancing, and discussing the project priority matrix.
