Project Management

Question 1

What are the four basic elements a project leader must manage?

Answer 1

Resources
Time
Money
Scope

Question 2

What the five processes of project management?

Answer 2

1. Initiation
2. Planning
3. Execution
4. Monitoring
5. Closure

Question 3

What is PERT?

Answer 3

Program Evaluation and Review Technique

Emphasizes critical path and uses slack time

Question 4

What is GERT?

Answer 4

Graphical Evaluation and Review Technique

Useful with projects where many approaches may be used

Question 5

What is ABC Analysis?

Answer 5

A - urgent and important
B - Important but not urgent
C - neither urgent nor important