what is a project management?
Answers were Sorted based on User's Feedback
Answer / srinivasa rao paidisetti
Project Management is an Art & Science through which the
intended Products/Services are delivered with fixed
timelines, resources etc.
This is typically achieved through thorough planning,
execution finess, tireless monitoring & control. It is
also important that all the stakeholders are communicated
appropriately.
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Answer / harinandan shaw
a project management has framework of operations to lead to
a successful completion of the project
harinandan shaw
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Answer / atul
Project Management is a system to complete the task by
Initiating, Planning, Monitoring and controlling.
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Answer / soma
Project Management is all about managing the project by delivering high quality product to customer with given timeline and cost. There are set of processes such as initiation, planning, executing, monitoring and controlling and closing helps to meet customer expectation.
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Answer / shri
Initiating, planning, executing and controling and closure
of project.
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Answer / joe
Project Management is to plan, execute and monitor as per
the process defined to complete the same as per the plan.
| Is This Answer Correct ? | 6 Yes | 12 No |
What is triple constraint triangle in project management?
Which of the following is true regarding the scope statement? A. It describes how to make changes to project scope. B. It describes project deliverables and serves as a baseline for future project decisions. C. It assesses the stability of the project scope and is a baseline for future project decisions. D. It assesses the reliability of the project scope and describes the frequency of changes and their impacts.
During a recent team meeting, you reached a resolution to a problem that's been troubling the team for several weeks. You took responsibility for searching out the facts of this problem and uncovered the right answer to this problem. You presented the facts at the project status meeting, and everyone reached agreement on the recommended solution based on the facts you presented. This is an example of what type of conflict resolution technique? A. Compromise B. Smoothing C. Confrontation D. Forcing
You know that BAC = 375, PV = 300, AC = 200, and EV = 250. Variances that have occurred on the project to date are not expected to continue. What is the ETC? A. 75 B. 50 C. 125 D. 150
Which organization has set the de facto standards for project management techniques? A. PMBOK B. PMO C. PMI D. PMA
All of the following arc tools and techniques of the Project Plan execution process except: A. Project management information system B. Work authorization system C. Organizational policies D. General management skills
Which of the following tools and techniques shows the impacts of one decision over another as well as the probability and cost of each risk along a logical path? A. Simulation B. Decision tree C. Probability/impact risk matrix D. Sensitivity analysis
Which of the following are the outputs of the Contract Closeout process? A. Project archives, formal acceptance and closure, contract file B. Contract file, formal acceptance and closure C. Project archives, contract file D. Contract file, formal acceptance and closure, lessons learned
You are a project manager for a manufacturing firm that produces Civil War-era replicas and memorabilia. You discover a design error during a test production run on your latest project. Which of the following is the most likely response to this problem? A. Reduce the technical requirements so that the error is no longer valid. B. Go forward with production and ignore the error. C. Go forward with production but inform the customer of the problem. D. Develop alternative solutions to address the error.
Explain the difference between risk and issues?
This measurement is the value of the work that's been completed to date: A. PV B. AC C. EV D. EAC
You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300; AC = 200; and EV = 250. What do you know about this project? A. The EAC is a positive number, which means the project will finish under budget. B. You do not have enough information to calculate CPI. C. The CV is a negative number in this case, which means you've spent less than what you planned as of the measurement date. D. The CV is a positive number in this case, which means you're under budget as of the measurement date.