Project Management-Session 1

SUCCESFUL PROJECTS ARE

• Lasting forever

• completed on time

• Flexible

• Independent of all variables

The sooner you identify the __________ the sooner you can eliminate the negative developments.

• Advantages

• Goals

• Risks

• benefits

Five Project Management Process Groups in order........

• Initiating, Planning, Monitoring & Controlling, Executing, and Closing.

• Initiating, Planning, Executing, Monitoring & controlling and Closing

• Initiating, Executing, Planning, Monitoring & controlling, and Closing

Some of the skills of a good project manager are:

• Leadership; Communication; Information Technology; Accounting and Purchasing

• Leadership and Information Technology only

• Communication and Accounting only

As a Project Manager you finalize the list of Stakeholders, Which Process Group you are working in?

• Executing

• Monitoring & controlling

• Initiating

• Planning

Which phase helps make sure we use resources wisely?

• Executing

• Controlling

• Measuring

• Planning

An itemized estimate of income and expenses in a project

• Incremental

• Bidding

• Budget

• Liquidated Damages

You are working on a large project which has several smaller projects and programs within it. This is:

• List of Projects

• Portfolio

• Project Life Cycle

• Programming

Each Project is ............

• Unique

• Costly

• Dynamic

A project is a temporary effort undertaken to create a unique product or service.

• True

• False