Project Management Basics

What is the definition of a project?

• A routine task performed regularly

• A temporary endeavor undertaken to create a unique product, service, or result.

• A long-term endeavor with no specific goal

• An ongoing activity with no defined end date

What are the five stages of project management?

• Initiation, Planning, Execution, Monitoring and Controlling, Closing

• Idea, Research, Implementation, Feedback, Evaluation

• Design, Development, Testing, Deployment, Maintenance

• Start, Middle, End, Review, Approval

What is a project manager responsible for?

• Writing code and designing software

• Planning, executing, and closing projects, managing the team and stakeholders

• Managing finances and accounting

• Performing medical surgeries

What is the purpose of a project charter?

• To limit the project manager's authority

• To create unnecessary paperwork for the project manager

• To confuse the project team with unnecessary details

• To formally authorize a project and provide the project manager with the authority to apply organizational resources to project activities.

What is the difference between a project and a program?

• A project is a long-term endeavor, while a program is short-term

• A project is a temporary endeavor with a specific goal, while a program is a collection of related projects and activities that are managed together to achieve strategic objectives.

• A project is managed by a team, while a program is managed by a single individual

• A project has multiple objectives, while a program has only one objective

What is a Gantt chart used for in project management?

• To analyze the market trends for a project

• To track the cost of a project

• To create a mind map for project ideas

• To visually represent the schedule of a project

What are the key components of a project plan?

• Technology, innovation, research, development

• Teamwork, leadership, creativity, problem-solving

• Scope, schedule, budget, resources, communication, risk management, and quality management

• Marketing, sales, customer service, product development

What is the importance of risk management in project management?

• It is only important for small projects

• It only adds unnecessary complexity to the project

• It helps identify, assess, and mitigate potential risks that could impact the project's success.

• It has no impact on the project's success

What is the role of stakeholders in a project?

• Stakeholders have no role in a project

• Stakeholders are only responsible for project execution

• Stakeholders only provide financial support in a project

• Stakeholders provide resources, support, guidance, and influence project decisions and outcomes.

What are the benefits of using project management software?

• Slower task management and progress tracking

• Some benefits of using project management software include improved collaboration, better organization, efficient task management, and real-time project tracking.

• Decreased collaboration and communication

• Increased confusion and disorganization