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Winter 2024 PJMT 1100: Cost Estimates in Project Management

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Winter 2024 PJMT 1100: Cost Estimates in Project Management

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Questions and Answers

What is the main focus of project quality management according to the text?

Developing sound processes from the start of the project (correct)

Managing project timelines effectively

Increasing the project budget

Expanding the project scope

How is project quality associated with the scope of a project?

Quality determines the project timeline

Quality ensures adherence to project budget

Scope defines what the project will produce, while quality measures how the product performs (correct)

Scope and quality are unrelated aspects

What does the Quality Management Plan template primarily consist of?

Financial projections

Team member performance evaluations

Measurement metrics and acceptance criteria (correct)

Resource allocation strategies

Which resource acquisition method is NOT mentioned in the text?

Outsourcing resources to other companies Signup and view all the answers

What is the process of resource management in project organization primarily concerned with?

Defining how to estimate and manage physical and team resources Signup and view all the answers

Which aspect is NOT a part of resource management according to the text?

Training new employees for the project Signup and view all the answers

What should be the focus during all phases of a project according to the text?

Developing sound processes throughout all phases of the project Signup and view all the answers

What is the primary goal of organizing a project according to the text?

Determining how to acquire new team members for the project Signup and view all the answers

Which aspect is NOT mentioned in the Quality Management Plan template?

Resource allocation strategies Signup and view all the answers

What does Team Resource Management involve according to the text?

Acquiring both internal and external resources for the project Signup and view all the answers