Project Management Chapter 1

What is the main characteristic of a project?

• No need for sources

• No specific objectives

• Requires temporary organization

• Permanent in nature

What is the role of a Project Manager?

• Only responsible for project scope

• Not involved in project risks

• Accountable for the entire project scope and team

• Only responsible for project schedule

What is the purpose of Risk Management in a project?

• To increase project costs

• To avoid project completion

• To identify, assess, and control threats to an organization's capital and earnings

• To ignore potential threats

What is the main function of a Gantt Chart in project management?

• To represent the tasks involved in completing a given project

• To illustrate a project's budget

• To manage project quality

• To track project risks

What is the main objective of Project Management?

• To meet or exceed stakeholder needs and expectations

• To ensure project failure

• To complicate project tasks

• To avoid project completion

What is the main factor affecting project success?

• Lack of stakeholder engagement

• Ineffective communication

• Poor quality management

• Effective project control

What are the key points in project set-up and definition?

• Unclear scope and objectives

• Undefined risks to be managed

• Clear statement of what is to be done and establishment of costs and durations

• Lack of resources required

What is the main benefit of Project Management?

• Increased resistance from project team members

• Decreased career opportunities

• Limited expansion of business

• Satisfied customers and improved knowledge and skills

What is the main reason for the need for Project Management?

• Exponential expansion of human knowledge

• Limited demand for goods and services

• Decreased global competition

• Decreased use of teams

What are the dimensions for classifying projects?

• Resources and stakeholders

• Time and cost

• Scope and quality

• Size and complexity