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what is a project management?
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Answer / hardik
Project management is the discipline of planning,
organizing and managing resources to bring about the
successful completion of specific project goals and
objectives.
| Is This Answer Correct ? | 68 Yes | 6 No |
Answer / pramod pudur
Project Management is the application of knowledge, skills,
tools and techniques to project the activities to meet the
project requirements.
Project management is accomplished through the appropriate
application and integration of 42 logically grouped project
management processes comprising of 5 process groups
(Initiation, Planning, Execution, Monitoring and Control
and Closing)
| Is This Answer Correct ? | 43 Yes | 7 No |
Answer / ganga reddy
Project management is planning & monitoring the task as
per the requriemts and make them complete on time and with
in budget to get desired results.it plays a major role in
organisation build.
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / 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 |
Answer / harish
Project Management is a set of necessary activities
performed to ensure that all the project objectives are met
within the defined parameters of cost, quality and schedule.
It would include everything from starting to executing to
controlling to winding up of the project requiring the
project manager to take care of other parameters like
resource mix, profitability, stake holder communication,
knowledge build up and retention.
As a project manager you might enter a project at any of the
above mentioned phases and exit it at one of the above
stages, but the activities you would need to perform would
be more or less as defined in the above paras.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / narayanamurthy
In Simple words it is PDCA(Plan,Do,Check & Act) in the
areas of SSC(Scope,Schedule & Cost Management).
You can find sub-areas for SSC
Which in turn links to
1.Resource Management
2.Communication Management
3.Quality Management
4.Risk Management
5.Change Management
....
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / nilesh shinde
Project Management can be accomplished by following
oraganisational accepted methodlogy (PMBOK / Prince2) to
deliver project in controlled manner (within set budget
time and quality).
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / jaikumar d
Project management is a methodical approach to planning and
guiding project processes from start to finish. According to
the Project Management Institute, the processes are guided
through five stages: initiation, planning, executing,
controlling, and closing.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / guest
Project management means to handle a project within that
duration with that estimated amount.
| Is This Answer Correct ? | 2 Yes | 2 No |
You are refining the product description for your company's new line of ski boots. Which of the following is true? A. You are in the Initiation process of your project and know that the product description will contain more detail in this stage and that a decreasing amount of detail will be added to it as the project progresses. B. You are in the Planning process of your project and know that the product description will contain less detail in this stage and greater detail as the project progresses. C. You are in the Initiation process of your project and know that the product description should contain the most detail possible at this stage, as this is critical information for the Planning process D. You are in the Initiation process of your project and know that the product description will contain less detail in this stage and greater detail as the project progresses.
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You are going to lake some performance measurements for your current project. You know that PV = 450, AC = 500, and EV= 375. What is the CPI and SPI respectively? A. CPI = .90, and SPI = 1.2. B. CPI = .75, and SPI = .83. C. CPI = 1.2, and SPI = .90. D. CPI = .83, and SPI = .75.
Critical path tasks are those tasks that: A. Have equal pessimistic, optimistic, and most likely estimated times B. Have a float rime of zero C. Have the same start date D. Have multiple early start dates and early finish dates
You are a project manager for Uncle Sam's Flag Company. Your company has designed a new line of products featuring the American flag. Due to some unique circumstances, the products are in hot demand and the project sponsor has asked you to do whatever it takes to get this project completed early and make the products available. You are to add resources to the project. The sponsor agrees to pay the additional costs since time is now a critical factor. Which technique have you used? A. Crashing B. Resource leveling C. Fast tracking D. Resource loading
Which of the following compression techniques increases risk? A. Crashing B. Resource leveling C. Fast tracking D. Lead and lag
Your project sponsor has requested a cost estimate for the project you're working on. This project is similar in scope to a project you worked on last year. She would like to get the cost estimates as soon as possible. Accuracy is not her primary concern right now. She needs a ball park figure by tomorrow. You decide to use: A. Analogous estimating techniques B. Bottom-up estimating techniques C. Parametric modeling techniques D. Computerized modeling techniques
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Which of the following is true regarding constraints and assumptions? A. Constraints restrict the actions of the project team, and assumptions are considered true for planning purposes. B. Constraints are considered true for planning purposes, and assumptions limit the options of the project team. C. Constraints consider vendor availability and resource availability to be true for planning purposes. Assumptions limit the project teamwork within predefined budgets or time lines. D. Constraints and assumptions are inputs to the Initiation process. They should be documented, as they will be used throughout the project Planning process.
You are the project manager for Lucky Stars Candies. You've identified the deliverables and requirements and documented them where? A. In the scope statement, which will be used as in input to the Scope Definition process B. In the scope definition document, which is used as an input to the Scope Planning process C. In the WBS, which is an output of the Scope Planning process D. In the WBS, which is a tool and technique of the Scope Definition process
What are the tools and techniques of the Contract Administration process? A. Contract change control system, payment system, payment requests B. Contract change control system, contract negotiations, payment system C. Contract change control system, contract negotiations, contract changes D. Contract change control system, performance reporting, payment system
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