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what is a project management?
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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 |
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You work for a company that writes hilling software programs for the communication industry. You've just been assigned a new project. The customer is located in a distant country that limits the number of foreigners allowed into the country. You identify this risk in your risk management plan. The critical point during the project is installation and setup. You might do which of the following given these circumstances? A. Use a design of experiments technique to develop a contingency plan. B. Develop a cause-and-effect diagram that identifies the contract type you should use for a project like this. C. Use sensitivity analysis to assist you in developing the appropriate risk response for this situation. D. Develop a contingency plan for installation.
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the expected value, or weighted average? A. 54 B. 66 C. 60 D. 30
You are a project manager working for Mail House King. Your company processes orders for several mail-order catalog companies. Your project is to install new mail-sorting equipment and software. You’ve had some problems and experienced some variances so far during the project. Your project sponsor has asked for an EAC. You know the following information: PV = 800, BAC = 700, EV = 675, AC = 750, and ETC = 30. Which of the following is the correct EAC given the circumstances? A. 778 B. 780 C. 861 D. 833
This measurement is the value of the work that's been completed to date: A. PV B. AC C. EV D. EAC
What do you think you can bring to this position?
This tool and technique of Quality Control keeps errors from reaching the customer: A. Inspection B. Prevention C. Corrective action D. Performance measurement
Which of the following is true regarding the Resource Planning process? A. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. B. Resource Planning involves the human resource aspect of planning only, and its output is staffing requirements. C. Resource Planning encompasses all the physical resources needed for the project, and its output is staffing requirements. D. Resource Planning encompasses all the physical resources needed for the project, and its output is resource requirements.
You are a project manager for Cinema Snicker Productions. Your company specializes in producing comedy films for the big screen. Your latest project has just been completed and accepted. You've been given your next project, which starts right away. Which of the following is true? A. This project ended due to extinction because it was completed and accepted. B. This project ended due to integration because it was completed and accepted and the project manager moved on to a new project. C. This project ended due to addition because it was completed and accepted and archived into the company's catalog of available films. D. This project ended due to integration because it was completed and accepted.
Deliverables can be described as: A. The purpose for undertaking the project B. The verifiable results of products or services that must be produced to consider the project complete C. The specifications regarding the goals of the project that must be produced to consider the project complete D. The measurable outcomes of the project goals
What are the different project scheduling techniques?
You are preparing a diagram that plots two variables, the dependent variable and the independent variable, to see the relationship between the two elements. What kind of diagram are you using? A. Cause-and-effect diagram B. Control chart C. Flowchart D. Scatter diagram
The tools and techniques of the Source Selection process include all of the following except: A. Contract negotiation B. Correspondence C. Independent estimates D. Screening system
The product description, strategic plan, project selection criteria, and historical information are considered: A. Inputs to the project Planning process B. Inputs to the project Overview process C. Inputs to the project Initiation process D. Inputs to the project Execution process
You are a project manager for Safari Outfitters. Your company is going to offer a new product line in the upcoming spring catalog. Your project team has 10 months to secure contracts with suppliers, finalize the designs, get the product into the catalog, and stock the warehouse. This is an example of: A. An assumption because the project team has worked on projects like this before and know they can meet the 10-month deadline B. An assumption because the project team has a limited amount of time to complete the project C. A constraint because the project team has a limited amount of time to complete the project D. A constraint because the project team is working with a new product line that hasn't been developed before
The amount of authority a project manager possesses can be related to: A. The project manager’s communication skills B. The organizational structure C. The amount of authority the manager of the project manager possesses D. The project manager's influencing skills
