what is a project management?

Answer Posted / sanjay

In theory Project Management is all about initiating,
planning, monitoring, tracking and taking the project to
closure with a desired quality, within budget and in pre-
defined timeline.
In reality, it is all about negotiation, controlling scope
creeps, prioritising and ensuring clear communication
across various stake holders, thereby maintaining the
balance among 3 keys: quality, cost and time.

Is This Answer Correct ?    18 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Your project is in the Scope Definition process. You've just completed the WBS. Which of the following is true? A. The WBS breaks the project deliverables down to a level where alternatives identification can be used to determine how level two assignments should be made. B. The WBS breaks the project deliverables down to a level where project constraints and assumptions can be easily identified. C. The WBS breaks the project deliverables down to the work package level where product analysis can be documented. D. The WBS breaks the project deliverables down to the work package level where cost and time estimates can be easily determined and quality control measurements can be determined.

602


Your project was just completed, accepted, and closed. As is customary for your organization, you conduct a post-implementation audit. The purpose of this audit includes all of the following except: A. Evaluating project goals and comparing them to project product B. Reviewing successes and failures C. Documenting the acceptance of the work results D. Documenting possible improvements for future projects

587


Your company has asked you to be the project manager for the product introduction of their new DeskTop Rock media system. You recently published a document that establishes the scope baseline. Which of the following is true? A. This is the scope statement, which is an output of the Scope Planning process. B. This is the scope statement, which is an output of the Scope Definition process. C. This is the scope statement, which is a tool and technique of the Scope Definition process. D. This is the scope management plan, which is an output of the Scope Definition process.

600


You are a project manager for a growing dairy farm. They offer their organic dairy products regionally and are expanding their operations to the West Coast. They're in the process of purchasing and leasing dairy farms to get operations under way. You are in charge of the network operations part of this project. An important deadline is approaching that depends on the successful completion of the testing phase. You've detected some problems with your hardware in the testing phase and discover that the hardware is not compatible with other network equipment. You take corrective action and exchange the hardware for more compatible equipment. Which of the following is true? A. This is not a corrective action involves human resources, not project resources. B. Corrective action is taken here to make sure the future project outcomes are aligned with the project plan. C. Corrective action is not necessary in this case as the future project outcomes aren't affected. D. Corrective action serves as the change request to authorize exchanging the equipment.

548


What is the difference between risk impact and risk probability?

488






Performance reporting tools and techniques include all of the following except: A. Earned value analysis B. Statistical sampling C. Variance analysis D. Performance reviews

670


Which of the following is true regarding the critical path? A. It should never be compressed. B. It allows for looping and branching. C. The critical path technique is the same as PERT. D. It's the duration of all tasks with zero float.

642


The Critical Path Method is a mathematical tool and technique of the Schedule Development process. All of the following are true regarding CPM except: A. Determines a single early and late start date and a single early and late finish date B. Calculates expected value C. Focuses on the calculation of float time D. Shows the critical path, or the path with the longest duration

649


You are a project manager for Laredo Pioneer’s Traveling Rodeo Show. You’re heading up a project to promote a new line of souvenirs to be sold at the shows. You need to gather the inputs to write the scope statement. You gather which of the following? A. Project charter, product description, assumptions, and constraints B. Project charter, product analysis, and cost benefit analysis C. Product description, product analysis, and project charter D. Product description, assumptions, constraints, and product analysis

679


Describe the risk in software engineering.

496


What is tracing process? How this can be enabled?

573


Many times software delivery is late, why? Give reason.

553


You are ready to perform the Activity Sequencing process for your project. To make your job easier, you're going to use a software tool to help you draw a PDM network diagram. Most software programs use this technique. You know all of the following are true regarding the PDM except: A. It shows the activities on arrows and connects them to dependencies usually depicted as circles. B. It’s also called AON. C. It shows the activities in boxes with arrows connecting the dependent activities. D. It uses four types of dependency relationships of which finish to start is one.

598


How do you start a project plan?

564


Explain the difference between risk and issues?

542