PM Lec 1 notes

What are the triple constraints of a project?

• Time, Cost, Scope

• Quality, Risk, Customer Satisfaction

• Scope, Risk, Customer Satisfaction

• Time, Cost, Quality

What is operations management concerned with?

• Marketing strategies

• Financial accounting

• Human resource management

• Production of goods and/or services

What is a model in project management?

• A template, document, output or project deliverable

• An economic feasibility study

• A means for achieving an outcome

• A thinking strategy to explain a process

What are the responsibilities of a project manager?

• Create collaborative team environment, Engage with stakeholders

• Pave the way for others' contribution, Promote self-awareness

• Facilitate, Remove organizational impediments

• Promote safety, respect, and trust, Promote the energy and intelligence of others

What is a project business case used for?

• Authorizing further project management activities

• Defining the processes for creating, maximizing, and sustaining the benefits provided by a project

• Establishing the validity of the benefits of a selected component lacking sufficient definition

• Documenting the economic feasibility study

What is the emphasis for an Agile Environment?

• Demonstrate leadership behaviors, Tailor based on context

• Focus on value, Recognize, evaluate, and respond to system interactions

• Engage with stakeholders, Navigate complexity

• Optimize risk responses, Embrace adaptability and resiliency

What are the characteristics of servant leadership?

• Promoting the energy and intelligence of others, Pave the way for others' contribution

• Listening, Coaching vs controlling

• Helping people grow, Promoting safety, respect, and trust

• Promoting self-awareness, Serving this on the team

What is a development life cycle associated with?

• The ongoing production of goods and/or services

• The transformation of inputs into outputs

• The development of the product, service, or result

• The optimal resources needed to meet customer demands

What is a method in project management?

• A template, document, output or project deliverable

• A means for achieving an outcome

• An economic feasibility study

• A thinking strategy to explain a process

What is the role of quality management in project management?

• Ensuring the project meets customer requirements, Managing project risks

• Maximizing the benefits provided by a project, Documenting economic feasibility study

• Defining the processes for creating, maximizing, and sustaining the benefits provided by a project

• Establishing the validity of the benefits of a selected component lacking sufficient definition