Understanding Project Management: Goals, Resources, and Customer Satisfaction

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What is the fourth dimension added to a project, besides limited resources, budget, and time?

Stakeholder engagement

Customer satisfaction (correct)

Quality assurance

Risk management

In project management, what is the purpose of having controlling measures?

To enhance project scope

To ensure project closure

To reduce project costs

To tackle and manage project risks (correct)

Why is it important to release unconsumed resources and budget after finishing a project?

To reward project team members

To utilize the leftover resources in other areas

To maintain accurate financial records

To invest in future projects (correct)

What is the main purpose of having a proper project closure?

To evaluate the success of the project Signup and view all the answers

Which aspect of a project ensures that the goal achieved satisfies the customer?

Customer satisfaction Signup and view all the answers

Why is it necessary to have a project plan before executing a project?

To ensure systematic project execution Signup and view all the answers

Why is it important for detailed project planning to be done only after the project team has complete requirements?

To determine the effort, cost, and quality required for the project. Signup and view all the answers

What is the significance of preparing project charter during the initiation phase of a software product implementation project?

To define the project objectives and project scope. Signup and view all the answers

How do software projects differ from other projects in terms of risks?

Software projects mainly face risks related to people, technology, process, and other areas. Signup and view all the answers

What role does advancement in technology play in reducing the implementation time of ERP systems?

It contributes to increasing the productivity of project teams. Signup and view all the answers

How do incomplete details about project requirements and scope affect project planning?

They hinder the ability to create a baseline for the project. Signup and view all the answers

What is a critical element that determines when detailed project planning is conducted?

Completeness of requirements and project scope Signup and view all the answers

What characterizes a plain vanilla implementation of a software product?

Implementation without any customization Signup and view all the answers

What distinguishes ERPs, SCM systems, and CRM systems from small COTS applications in terms of implementation?

Require significant effort for implementation due to size and complexity Signup and view all the answers

What is the primary difference between a plain vanilla implementation and a customized implementation of a software product?

Plain vanilla implementation involves faster deployment Signup and view all the answers

How do plain vanilla implementations of software products usually differ from implementations with customization?

Plain vanilla implementations often involve integration between different application modules Signup and view all the answers

In the context of software product implementation, what is a common characteristic of ERPs, SCM systems, and CRM systems?

Consist of large modules and detached database layers Signup and view all the answers

Why do bigger COTS applications like ERPs, SCM systems, CRM systems require much effort for implementation?

Since they need to be implemented at either a customer site or a hosted site Signup and view all the answers

Why do software vendors thoroughly test their products before introducing them to the market?

To guarantee that the product is defect-free. Signup and view all the answers

What is a common reason for software products with many bugs failing on the market?

They create a bad reputation for the vendor. Signup and view all the answers

How do most COTS systems allow for easy integration with other systems?

By providing open interfaces. Signup and view all the answers

What defines software as a service (SaaS) applications in comparison to general-purpose applications?

They are smaller in size and offer specific functionality. Signup and view all the answers

In the context of software project management, what could be a potential risk of developing large enterprise-level software products like ERP systems?

Incompatibility with other systems due to closed interfaces. Signup and view all the answers

Why is it important for software vendors to ensure their products have open interfaces for easy integration?

To facilitate seamless integration with other systems. Signup and view all the answers