Project Management Overview

Question 1

What are the 4 qualities that characterize all projects?

Answer 1

1. Creates Unique products, services, or results
2. Temporary endeavor
3. Drives change
4. Enables Business Value Creation
   the benefit that results

Question 2

What are the factors that cause a project to start?

Answer 2

1. Meet regulatory/legal/social requirements
2. Satisfy stakeholder requests/needs
3. Implement/change business/tech strategies
4. Create, improve, or fix products/processes/service

Question 3

What are the main parts of Project Management?

Answer 3

1. Project life cycle
2. Project Phases
3. Project management processes
4. Process groups
5. Knowledge Areas

Question 4

What are Knowledge Areas?

Answer 4

Tools used to achieve your goals:

• Communications
• Cost
• Integration
• Schedule
• Quality
• Procurement
• Scope
• Resources
• Risk
• Stakeholder

Question 5

What are the 5 phases of process groups

Answer 5

1. Initiating (2)
2. Planning (24)
3. Executing (10)
4. Monitoring and Controlling (12)
5. Closing (1)

Question 6

What do the processes do in the planning process group?

Answer 6

Develop components of the PM Plan and the Project documents used to carry out the project

Question 7

What are considered project baselines?

Answer 7

The project management plan and business documents. As the project continues, the baselines are referred to for markers of progress, and comparing results with baseline.

Question 8

What theme do all processes in the executing group share?

Answer 8

Those that are performed to completed defined work in the PM Plan, satisfying the project requirements

Question 9

What theme do all processes in the monitor and control group follow?

Answer 9

• Track, review, and regulate the performance of the project
• Identify any areas where changes of the plan are required
• Initiate those ^ changes
• Collecting and producing Data