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what is a project management?
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Answer Posted / 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 |
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You are the project manager for Lucky Stars nightclubs. They specialize in live country and western band performances. Your newest project is in the Planning process. You are working on the WBS. The finance manager has given you a numbering system to assign to the WBS. Which of the following is true? A. The numbering system is a unique identifier known as the code of accounts, which is used to track the costs of the WBS elements. B. The numbering system is a unique identifier known as the WBS dictionary, which is used to track the descriptions of individual work elements. C. The numbering system is a unique identifier known as the code of accounts, which is used to track time and resource assignments for individual work elements. D. The numbering system is a unique identifier known as the WBS dictionary, which is used to assign quality control codes to the individual work elements. ?
As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following: A. Documenting the requirements B. Documenting the performance measurements C. Reporting changes and updating the project plan and other project documents where appropriate D. Reporting project status timely and regularly
What are the tools for process improvement?
Which of the following might require rebaselining of the cost baseline? A. Corrective action B. Revised cost estimates C. Updates to the cost management plan D. Budget updates
Ruby is an administrative assistant with another department. Her manager has agreed to loan Ruby's services to you on a part-time basis during your current project. Ruby is putting together the cost projections you've gathered so far. You want to include these costs in the project charter. Ruby is formatting this information for you into a spreadsheet package and is printing copies. Which of the following is true? A. All of the costs, including Ruby's time, are charged to the project. B. All of the costs, Ruby is typing into the spreadsheet are project costs. Ruby's time is not directly related to the project and should not be included. C. The project costs, including Ruby's time, should be included in the project charter. D. The project costs, excluding Ruby's time, should be considered project constraints.
These diagrams rank order factors for corrective action by frequency of occurrence. They are also a type of histogram: A. Control charts B. Process flowcharts C. Scatter diagrams D. Pareto diagrams
Explain the concept of total quality management.
You are the project manager for a top-secret software project for an agency of the United States Government. Your mission, should you choose to accept it, is to complete the project using internal resources. The reason is because getting top secret clearances for contractors takes quite a bit of time and waiting for clearances would jeopardize the implementation date. Your programmers are 80 percent of the way through the programming and testing work when your agency appoints a new executive director. Slowly but surely your programmers are taken off this project and reassigned to the executive director's hot new project. Which of the following type of project ending is this? A. Starvation B. Extinction C. Addition D. Integration
All of the following are tools and techniques of the Performance Reporting process except: A. Variance analysis B. Performance reporting C. Information distribution D. Performance reviews
What are the triple constraints? A. Time, schedules, and quality B. Time, availability, and quality C. Time, money, and schedules D. Time, money, and quality
You are a project manager for Dakota Software Consulting Services. You're working with a major retailer that offers their products through mail-order catalogs. They're interested in knowing customer characteristics, the amounts of first-time orders, and similar information. The stakeholders have accepted the project scope. Work has begun on the project, and you're confirming some of the initial work results with the stakeholders. You've asked for acceptance of the work results. Which process are you in? A. Quality Assurance B. Quality Control C. Scope Verification D. Performance Reporting
Your project involves the research and development of a new food additive. You’re ready to release the product to your customer when you discover that a minor reaction might occur in people with certain conditions. The reactions to date have been very minor, and no known long-lasting side effects have been noted. As project manager you should: A. Do nothing because the reactions are so minor that very few people will be affected. B. Inform the customer that you've discovered this condition and tell them you'll research it further to determine the impacts. C. Inform your customer that there is no problem with the additive release the product to them. D. Tell the customer you'll correct the reaction problems in the next batch but you'll release the first batch of product to them now to begin using.
You are a project manager for the information technology division of a local satellite TV broadcasting company. This spring, the chief information officer for your company gave you the project to convert and upgrade all the PCs in the department to the latest release of a specific desktop application. Prior to this conversion, all manner of desktop software existed on machines throughout the company and had caused increasing problems with sharing files and information across the company. A lot of unproductive hours were spent typing information into several formats. This project came about as a result of which of the following? A. Technological advance B. Business need C. Customer request D. Legal requirement
You are working on a project that is similar in scope to a project performed last year by your company. You might consider which of the following? A. Using the previous project's alternatives identification as a template B. Reusing the previous project's benefit/cost analysis as justification for this project C. Using the previous project's WBS as a template D. Reusing the previous project's product description when writing the scope statement
This measurement is the value of the work that's been completed to date: A. PV B. AC C. EV D. EAC
