Chapter 1 : Why Project Mgmt

Question 1

process vs project (3 x 2)

Answer 1

process : ongoing day-to-day, existing, repetitive

project : abnormal, unique, continually evolving

Question 2

A project is a ____ venture with a _____ and an ____, conducted by ____ to meet established _____ within parameters of ______, _____ and _____.

Answer 2

A project is a unique venture with a beginning and an end, conducted by people to meet established goals within parameters of time, cost and schedule.

Question 3

5 reasons why projects are important

Answer 3

1. shortened product life cycles
2. narrow product launch window
3. increasingly complex and technical products
4. emergence of global markets
5. economic period marked by low inflation

Question 4

4 stages of a project

Answer 4

1. conceptualization
2. planning
3. execution
4. termination

Question 5

definition conceptualization

Answer 5

development initial goal and technical specs

Question 6

definition planning

Answer 6

detailed specs, schedule, schematics and plans developed

Question 7

definition execution

Answer 7

actual work of the project is performed

Question 8

definition termination

Answer 8

project is transferred to customer, resources reassigned and project closed out

Question 9

what is the quadruple constraint of project success?

Answer 9

1. client acceptance
2. budget
3. performance.
4. schedule

Question 10

4 dimensions of project success

Answer 10

1. project efficiency
2. impact on the customer
3. business success
4. preparing for the future

Question 11

6 criterias for IT project success

Answer 11

1. system quality
2. information quality
3. use
4. user satisfaction
5. organizational impact
6. individual impact

Question 12

what is the iron triangle?

Answer 12

cost, quality, time

Question 13

4 project mgmt maturity models

Answer 13

1. Center for Business Practices
2. Kerzner’s Project Mgmt Maturity Model
3. ESI’s International Project Framework
4. SEI’s capability maturity model integration

Question 14

5 levels for the Center for Business Practices PMM

Answer 14

1 : initial phase
2 : structure, process, standards
3 : institutionalized project mgmt
4 : managed
5 : optimizing

Question 15

what does PMM stands for?

Answer 15

project mgmt maturity

Question 16

5 levels of Kerzner’s PMM

Answer 16

1 : common language
2 : common processes
3 : singular methodology
4 : benchmarking
5 : continuous improvement

Question 17

5 levels, ESI’s international project framework

Answer 17

1 : Ad Hoc
2 : consistent
3 : integrated
4 : comprehensive
5 : optimizing

Question 18

5 levels, SEI’s capability maturity model integration

Answer 18

1 : initial
2 : managed
3 : defined
4 : quantitative mgmt
5 : optimizing

Question 19

definition ad hoc

Answer 19

adequate

Question 20

high maturity :

Answer 20

institutionalized, seeks continuous improvement

Question 21

moderate maturity :

Answer 21

defined practices, training programs, organizational support

Question 22

low maturity :

Answer 22

ad hoc process, no common language, little support

Question 23

6 responsibilities of a project manager

Answer 23

1. selecting a team
2. developing project objectives and a plan for execution
3. performing risk mgmt activities
4. cost estimating and budgeting
5. scheduling
6. managing resources