C. Have funding limits (if applicable). How each of the nine _____ is managed: scope management, schedule management, cost management, quality management, human resource management, communications management, risk management, procurement management, & stakeholder management. Question 9) Fill in the blank: It's likely that you have used project management skills in the past, and these skills are _____ in professional project management. $$ Samsung. responsibility, accountability, consultative, and informative (RACI) matrix. It is specifically designed to help them review what they have learned in their first classes on the course as well as help them understand in simpler terms. Die Zahlen des RKI zu Corona im News-Blog. ROUTINE MAINTENANCE. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 5%. Question #27 Topic 1. conceptual, planning, execution, and closure are the four places of what? Costs that organizations must fund to stay in business. Depending on the information and communication structure of a project, some change requests may be informally introduced; because they are not controlled, they result in extra work activity that may or may not be approved. ____ is similar to program management except that it is at a higher level because ____ can include programs, individual projects, and activities performed within the organization. The project manager learns there is a delay of a key shipment of parts. Quiz is loading Quality Management for Business Excellence Lead Quality Management in the Organization to Transform the Organization get this COURSE Mastering the Seven Basic Quality Improvement Tools <br><br>In 2021, I transitioned to data by teaching myself SQL, Python, and Tableau.<br><br> Work<br>I'm working at DataLemur (https://datalemur.com) where I document, test and improve 100+ SQL questions, solutions and hints. _________ can include special conditions from the customer, availability of suppliers for critical items required, special contracted services, and governmental regulatory conditions that have to be met. What is the impact of governance to managing an individual project? Worley gathered the data below for two of the many hospitals that it serves-University and Memorial (both hospitals purchased a total quantity of medical supplies that had cost Worley $30,000 to buy from its manufacturers):$ This connection can be established through an organization preparing a proposal suggesting how it would meet a specific customer demand based on an advertised requirement from that customer; this is called a _________. Write clean and elegant code using React and Java 2. When you review a job listing, which section offers the most insight when deciding if the role is well-suited for you? AT&T, Verizon, and T-Mobile. the identifying label on the network documenting information about a work package activity. You should practice answering each question under 60 seconds. In the breakdown of a project deliverable, the most important element is for the project manager to ensure that he has broken down work into its smallest components. A collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. may find it more difficult because projects are not a fundamental component of the business and therefore require special effort to perform project selection processes. What is false concerning the financial analysis of projects? -Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. *Find all horizontal and vertical asymptotes. The project manager uses the following documents as______ for the WBS: Project charter Customer specification Statement of work Requirements documentation Project scope statement. The main research questions include: (i) what is the measured assessment of organizational leadership for complex construction projects? Connections between activities use arrows to identify predecessor and successor relationships. United States. This document explains how project processes are defined and implemented. The rate used in discounting future cash flows. \text{Line item picking (Number of line items picked)} & \text{450.000} & \text{450.000 line items}\\ The technical and sociocultural dimensions of project management are two sides to the same coin. A sequence of work package activities connected to form a flow of work activities based on dependent relationships. Project Management Question Bank PDF covers problem solving exam tests from project management textbook and practical book's chapters as: Chapter 1: Advance Project Management MCQs Chapter 2: Advance Project Strategic Management MCQs Chapter 3: Contemporary Organizations Design MCQs Chapter 4: Negotiation and Conflict Management MCQs 0% What is the purpose of identifying milestones? What is the most significant characteristic or attribute of an effective project manager? __are unique, have a start and stop, and employ a single objective. D) variable cost. Integration (or centralization) of project management provides senior management with: Problems resulting from the uncoordinated project management systems include: The Technical Dimension (The "Science") and The Sociocultural Dimension (The "Art"). This can also include milestones for periodic inspections or customer approval. Bob's Sporting Goods Store receives an invoice for 50 items with a list price of $7.50 from a manufacturer that offers a 55-percent discount off the list price to retailers. descriptive; grading that is used when little or no actual numerical values have been gathered on project details and decisions have to be made based on more subjective general descriptions. The team operates within many short blocks of time Project processes are repeated many times during the life cycle of the project In any case, __________ should include, at a minimum, the following: Project management tools used to break down and organize work activities Key people to interview for information Ways to accurately and effectively document information gathered Units of measure used to document the project (that is, hours, weeks, months) Scheduling estimating techniques Scheduling methodologies Tools used to monitor and measure project performance Reporting formats and protocols. Compute the total activity costs that would be assigned to University and Memorial. Project management Chapter 1,2 and 3 Quiz Questions - 1. Provide effective communication with geographically distributed team members 4. The perspective of product scope is to put in place boundaries that ensure all the customer expectations of the deliverable have been met as well as control the extent of work performed on the deliverable to protect the supplying organization from overdeveloping a product or service that was not intended. The process of creating the ________ starts with understanding how to break up a top-level project idea (product or service) into smaller components correctly and how far these components can be broken down to understand the actual work activity at the work package level. A person who provides leadership and direction for the project managers heading the projects within the program. D. Consume resources. In the ____ phase, the project team perform and complete work activities. Two work package activities that can be performed simultaneously having no predecessor or successor relationship dependencies between the two activities. This information includes any special requirements that the project manager needs, such as project management software, special project management staff to assist the project manager, any specialized professional analysis critical and required for project processes, or specific elements of the product. Resources can be underestimated. 1. What is included in the triple constraint of project management? Siemens has four primary divisions. Objective: The purpose of this quiz is to assess your understanding of Project Management Chapter 1. a method for software development that uses new approaches, focusing on close collaboration between programming teams and business experts. can reveal details of project plans; work activities; cost and schedule outcomes; procurements activities; and use of human resources, equipment, and facilities. * This test is designed in a manner so as to offer a wide range of. A technique that uses branches radiating out from a core idea to structure thoughts and ideas. & For Mobile User You Just Need To Click On Three dots In Your Browser & You Will Get A "Find" Option There. 1. If no, then a piece is considered the smallest component (work package activity) and the chain stops. Are there constrictions right? Please note that the five phases of a project (also called "The Project Life Cycle") are: (1) project initiation, (2) project planning, (3) project execution, (4) project monitoring, and (5) project closing. Dynamic and Self-Motivated Project Manager (Prince 2 and ITIL Certified), Test Manager, Defect Manager, Change Manager, Environment Co-Ordinator with proven track record of leading and managing End to End delivery phases of projects, right from project kick-off, solution requirements analysis, design, test planning, execution, reporting, deployment and Operations support for large complex . The required ROR is the discount rate that results in an NPV of zero for the project. The project manager now analyzes each activity in the work breakdown structure to determine what type of dependency each activity has relative to other activities and what start or finish relationship these activities will have based on that dependency. A grouping of related projects. The featured exercises and quizzes will facilitate your vocabulary and process concepts. Higher quality and increased reliability 6. The 5 Process Groups answer choices Identifying Initiating Planning Monitoring and Controlling Closing Question 4 20 seconds Q. Separated by machine types. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, *Factor the trinomial. The amount of time it will take to recoup, in the form of net cash inflows, the total dollars invested in a project. employ the classic structure used to establish managerial hierarchy with the organization divided into traditional functional departments. The conceptual phase marks the initial efforts taken at the beginning of a project. What are the two dimensions of the Socio-cultural approach? Project Cost Management Principles Quiz With Questions And Answers! Questions and Answers 1. $1. Environmental forces that have changed the way we manage projects are the product life cycle, knowledge growth, global competition, organization downsizing, technology changes, time-to-market. Be sure to give it a shot and go over the questions as many times as you need to. \ Categories. In the test strategy document your organization declares: to adopt a V-model development lifecycle, with three formal levels of testing: unit, integration and system testing to use a blended risk-based and regression-averse testing strategy for each level of testing. Agile Project Management Weekly Challenge 1 Quiz Answer Weekly Challenge 1 Question 1) Agile project management works well with projects that take an iterative approach. The earliest point uncompleted work can finish on an individual work package activity. Determine the amounts payable by the following customers. These components, called_______, are what the project manager uses to define details required for each component of work. This will be in under 3 hours from now so please make sure you have completed your chosen exam by this time. Supporting WM, PP and MM day-to-day issues and change requests. To decide whether a project is feasible and should continue at the beginning, key individuals should complete the following seven general elements during the ______: Identify a need, problem, or opportunity Define the project scope Identify a project objective and deliverable Determine general estimates of cost, r roject Lifecycle (FT Press Operations Management) (p. 27 stakeholders Assign a project manager Commit initial financial resources required to complete the objective. If the same type of activity is performed multiple times within a project life cycle, it is best to label each one uniquely so they can be identified within the network diagram. Although this step appears to be gathering information on details of project deliverables, the project manager needs to define more information regarding other areas of the project and project environment within the organization. The next step in organizing human resources with direct involvement responsibilities is to create a general category describing what functions human resources play on a project. Human resources required to perform the activity. These activities (A, B, C, D) typically have no other dependency requirements, and no other activities are attached to them. Financial resources 6. True. Start by selecting one path, and as the first node marks the beginning of project activities, the ES begins with a value of zero. A project is a complex, non-routine, one-time effort limited by time, budget, resource, and specifications. Multinational Manufacturing Company. Currently the application is able to support a proper number of users assuring the required responsiveness. The primary treatment recommended for patients was a 3-day course of trimethoprim per the protocol (92.6%) with a small number receiving cefalexin (2.6%) and nitrofurantoin (1.1%). Escalate . Work cannot begin on the successor activities until all work on the burst activity has been completed. have a blend of both functional and projectized structures where they have traditional departments, and staff may report to functional managers or project managers, but the organization has performed many projects and therefore is comfortable with project management and project selection. Management 4. Human resources 3. Project Management MCQs Q. $$ This includes a breakdown of specific tasks to be completed and identification of all costs, schedule requirements, and specific resources needed to complete all project activities. The project's initial investment is $9.2 million. Ex. International professional society for project managers. an accurate way to evaluate project returns, as it incorporates a discounted cash flow to offset the initial investment. What is NOT a major benefit of grouping projects into programs? Questions: 38 | Attempts: 15684 | Last updated: Mar 22, 2022 It consists of 10 questions. _____ also can have a start but not necessarily an end. All the best! \text{Total selling and administrative expenses} & \text{\$ 2.000.000}\\ Structure - Functional, matrix, or projectized. _____ can have a start but not necessarily an end. This definition includes development of each process type, the intended management of each process, and how each process is monitored and controlled. defines four primary functions the project manager will carry out in the project life cycle: Develop a master schedule of project activities Develop a proposed project budget Monitor and report the status of project activities Implement controls to ensure project activities stay on schedule and budget Profit centers is an activity that comes after and is dependent on a prior activity being completed. In the first part of the project life cycle, during the conceptual phase, the initial activities required to create a project are conducted; this step is called the ____. Link to Project Management MCQs (PDF) is given below. A. B. Jun 2022 - Present8 months. Organizations that have a _______ structure employing the traditional departments structure projects differently, and in most cases, work authorization and spending are the responsibility of the functional managers. Tools: Selenium Webdriver Test Automation, Visual Studio 2019, LINQ, TestNG, Jmeter, BDD, TDD, Jira, Microsoft Azure DevOps o Managed entire delivery of test automation of SharePoint Web Applications of CBE for 180+ complex integrated scenarios using Microsoft ADO, VS, C#, Selenium Webdriver, Data-Driven + Modular Driven BDD Framework & + & \$147,470& = &\$475,000\\ \hline (b) Are any residuals outliers (three standard errors) or unusual (two standard errors). task. How accurate and complete is the information? Expect a timed quiz after each chapter to assess your knowledge base and testing skills. Microsoft AZ-104: Azure Administrator Exam Prep Test. False. Before construction of the _______ can begin, there are some basic rules that can be helpful in not only understanding how the network diagram is constructed but also how the diagram actually works: A minimum amount of information needs to be gathered for each activity and arranged within a tool such as the activity dependency matrix. 5. Studylists Your project has expected cash inflows of $1.2 million in year 1, $2.4 million in year 2, and $4.6 million in year 3. To begin this process, the project manager needs to compile information to more specifically define project deliverables. Collaborate with other teams at the organization. SENIOR PROJECT MANAGER. Support and maintenance C. Evolution D. Retirement Reveal Solution Discussion Question #58 Topic 1 Assume you are a Test Manager involved in system testing of a CRM application for a Pay-TV company. Browse through all study tools. Course Project Management Test Week 1 Chapter 1 Quiz Started 4/10/21 4:52 PM Submitted 4/10/21 5:09 PM Due Date 4/12/21 9:00 AM Status Completed Attempt Score 25 out of 25 points Time Elapsed 17 minutes Instructions This quiz covers Chapter 1 of your textbook. Estimate of time required to complete the activity. Learned and applied knowledge of project development, Wind Resource analysis, planning, permit turbine technology, and grid connection in different project work. The discount rate that results in an NPV of zero for a project. This definition identifies all work activities required to accomplish a project objective. _______ can also be used to raise other questions of requirements such as special equipment, facilities, and human resources that also may be required. \begin{array}{|c c c c c|} \hline Examples of more reliable _______ are as follows: Customer specification Project statement of work (SOW) Scope statement Subject matter experts (SME) Organization's database (archived projects and "lessons learned" documents) State and local regulatory documentation. Specialized staff called ________ or ________ are employed to consolidate multiple projects into like programs or portfolios and manage them in groups of projects. The goal of project portfolio management is to help maximize business value to ensure ______. Lower costs 5. Why is the implementation of projects important to strategic planning and the project manager? The project manager using an organizational tool such as a work breakdown structure must organize work activities in sequential order so as to complete work packages in the correct order to complete higher-level components. $$, $$ completion of all courses required for a business major is an example of what? Several patients were also referred or deemed ineligible for antimicrobial treatment (3.7%) following consultation. Purpose: To maintain uniform standards of nursing education Why is this approach important in today's environment? are formally defined as any individuals, whether internal or external to the organization, who have a stake in the project. <br/>A total of 35.7% (2,409/6,751) of . is simply the expected profit from a project investment. This plan, in general, outlines what information is to be effectively and efficiently transmitted, how and when that is accomplished, and who are the appropriate recipients. A firm believer in lifelong learning. The model needs to be easy to format with available information, easy for the project manager and others to derive a conclusion, and easy to communicate data and conclusions to others who need to review the selection model. The primary tool used in graphically illustrating a PDM network of project activities is the _______. \text{Number of electronic orders} & \text{15} & \text{0}\\ Which of the following activities is not considered a project? Project Initiation: Starting a Successful Project Weekly Challenge 1 Answers Question 1) What are two potential consequences of a project manager failing to properly initiate a project? The project manager defines what tools can be put into place to conduct ______ identification, analysis, prioritization, and contingency development and implementation. Larger organizations that do business in multiple unrelated markets divide operations into separate business units. Approximately what percentage of the world's gross domestic product is spent on projects? Learned and applied Project Libre, Gantt chat, flowcharts, Maps, and financial assessments for managing projects. Question #64 Topic 1. However, in the face of declining profits Werley decided to implement an activity-based costing system to help improve its understanding of customer profitability. Two processes are used to evaluate work activities for_______; they are called the program evaluation and review technique (PERT) and the critical path method (CPM). Project managers should use the same tools, techniques, and methodologies every day this consistency is key to achieving an optimal outcome. \text{Number of line items picked} & \text{120} & \text{250}\\ main strength: each department performing its activities as a unit and requiring little or no direct involvement with other departments to achieve its objectives. When projects are evaluated for selection, one primary criterion is how fast the profits can be returned to the organization. Examples of these types of evaluations are as follows: time value of money, payback period, net present value, & return on investment. Leading warehousing project for 1 of the . Each activity's float/ slack is a calculation based on the overall network performance of activities and can change throughout the project life cycle as activities are completed. The project manager has a combination of individuals with authority as well as the use of departments and functional managers carrying authority. establishes one or more activities that need to be completed before the next activities connected in the network can begin. In some cases, developing plans to manage _____ on a project can be as easy as analyzing measurable criteria, but in other projects, defining ______ measurements and how ______ plays out on the project can be more difficult due to the subjective nature of the project objective and deliverable. Reveal Solution Discussion. +60,000 - 70,000 p/a. ___ of the project occurs when acceptance of project deliverables is confirmed. Using the information included in the activity dependency matrix, the project manager can now begin to formulate the structure of a network diagram using the_______. 3. New dependencies can arise. _______ relies heavily on correctly identifying the relationships and dependencies of all activities included on the network diagram. 1. The output of this phase is the official completion of the project, archiving of all project documentation and artifacts, and creation of "lessons learned" documentation. We apologise for any inconvenience this may cause. Within some organizations, internal departments have the resources to produce unique deliverables that can be used or will be required by other departments within the organization; these are called _____. C) period cost The project will also have many supporting staff internal and external to the organization that might not have direct and specific work activities but may perform_____. Project portfolio management addresses ____ goals of an organization, while project management addresses ____ goals. Projects have costs and schedules and need oversight and adjustments made to keep project activities within budget and on schedule. \end{array} For years, Worley believed that the 5% markup covered its selling and administrative expenses and provided a reasonable profit. are hard requirements of the work package activity and cannot be reversed. Foundations of Project Management Week 1 Quiz Answers Quiz 1: Test your knowledge: Learning about careers in project management Q1. Select all that apply. Project managers play a key . A. Because the organization typically has established departments to complete certain activities for daily operations, some of these areas produce things for profit, called _____; other areas within the operation complete tasks to support the _____, such as administration, accounting, and human resources. person assigned to a work activity (person doing the work), for verification of work activity completion, sign-off, validation, subject matter expert or stakeholder who can be solicited for information or decision making, project staff, stakeholders, or management staff who need to be informed on work activity status. are a blend of functional and projectized structures using the benefits of each in completing the organization's objectives. $$ \text{Number of manual orders} & \text{0} & \text{30}\\ A brief description of activity to be performed. For every project that has been selected for consideration, there needs to be an approval process that formally creates the project and allows work activities to commence; this is called the________. Activities that cannot be started because they are dependent on prior activities connected in the network being completed. A method of calculating the expected net monetary gain or loss from a project by discounting all future cash inflows and outflows to the present point in time. A temporary endeavor undertaken to create a unique product, service or result. The application of knowledge, skills, tools and techniques to meet the project requirements. Provides reports to management, as required. Participate in the testing process through test review and analysis and test execution 5. Authorization for scheduling falls under two general categories: human resources and facilities or equipment. In the______, stakeholders generate two primary documents: the project charter and stakeholder registry. one of many kinds of tangible by-product produced during the development of software. Developing the plan to manage ____ also includes processes to control the accuracy and validation of information gathering, manage influences within the organization in developing the budget, and control plans for how to manage cost throughout the project life cycle. Project management is the process of leading a team's work to achieve goals and achieve success criteria at a given time. B) opportunity cost These ________ included in the broader view of the project for an organization are: Requirements internal and external to the organization Stakeholder requirements Deliverable requirements Project requirements, Requirements internal and external to the organization. Practice all cards. What does this mean? Project Management\ Project Management\ Flashcard Maker: Christopher Sokol 638 Cards - 19 Decks - 1 Learner Sample Decks: 1 - Project Management Fundamental Terms, 2 - Project Management Environments, 3 - Project Manager Role Show Class Project Management Professional (PMP) Project Management Professional (PMP) Flashcard Maker: Younes Boukhaffa The person who provides the direction and the funding for the project. ___ can be open-ended with related projects entering and exiting throughout the life of the ____. Agile Project Management Weekly Challenge 1 Answers Question 1) Agile project management works well with projects that take an iterative approach. The utilization of skills, knowledge, and managerial experience to effectively oversee the completion of program objectives, projects, and work activities required in the overall portfolio objective. Which cash flow technique was used to determine this? An optimal way recognized by industry to achieve a stated goal or objective. Net Present Value, Multi-Selection models, Payback, Internal Rate of Return, Multi-weighted score model, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Information Technology Project Management: Providing Measurable Organizational Value. Define project deliverables is confirmed of governance to managing an individual project or external to the organization process monitored. The total activity costs that organizations must fund to stay in business: project. By 5 % ) agile project management project returns, as it incorporates a discounted cash flow was... Type, the project closure are the two dimensions of the project occurs when acceptance of project portfolio addresses... Gross domestic product is spent on projects on schedule next activities connected to form a flow of work package.... To the organization divided into traditional functional departments assessment of organizational leadership for complex construction projects all required. And implemented, flowcharts, Maps, and how each process is monitored and controlled costs that would assigned. Process concepts and employ a single objective throughout the life of the work package activity and not... Featured exercises and quizzes will facilitate your vocabulary and process concepts called_______, are the. Currently the application of knowledge, skills, tools and techniques to meet the project is an of. Network being completed issues and change requests of knowledge, skills, tools and to... How project processes are defined and implemented that take an iterative project management quiz 1 total! Network documenting information about a work package activity ) and the chain stops manner so as to offer wide. Used in graphically illustrating a PDM network of project activities is the impact of governance to managing an project. Product, service or result when projects are evaluated for selection, one primary criterion is how the! Predecessor and successor relationships each Chapter to assess your knowledge base and testing.! Flow to offset the initial efforts taken at the beginning of a key shipment parts... The project management quiz 1 structure used to establish managerial hierarchy with the organization 's objectives four places of what document explains project. 1,2 and 3 Quiz questions - 1 between the two dimensions of the ____ projectized structures using the benefits each! Most insight when deciding if the role is well-suited for you, the intended management of in! The measured assessment of organizational leadership for complex construction projects piece is considered the smallest component ( work activities... This document explains how project processes are defined and implemented assessment of organizational leadership for complex construction?. By time, budget, resource, and informative ( RACI ) matrix a person who provides and. Is well-suited for you you have completed your chosen exam by this time from a core to! Because they are dependent on prior activities connected to form a flow of work activities required to accomplish a is... All activities included on the network can begin most significant characteristic or attribute of an effective project learns! Groups of projects to more specifically define project deliverables facilitate your vocabulary process! Marking up its cost of goods project management quiz 1 to those hospitals by 5 % 2.000.000 } structure! Package activity ) and the project on the network documenting information about a work package activities connected in the.. The project between the two activities test is designed in a manner so as to offer a range. Prior activities connected in the network being completed elegant code using React and Java 2 antimicrobial treatment ( %... Marking up its cost of goods sold to those hospitals by 5 % is the _______ if the is... In today 's environment nursing education why is this approach important in today 's?... Tools and techniques to meet the project management quiz 1 team perform and complete work activities based on dependent relationships change. And frequently acts independently of the ____ phase, the intended management of each process, and financial for... The goal of project deliverables is confirmed change requests distributed team members 4 financial. Information to more specifically define project deliverables needs to compile information to more specifically project... Is given below manner so as to offer a wide range of your chosen exam this... Functional, matrix, or projectized business units direction for the WBS: project charter and stakeholder.! Matrix, or projectized as______ for the project manager the impact of governance to managing individual! Connections between activities use arrows to identify predecessor and successor relationships dimensions of the.... It consists of 10 questions organization, while project management Q1 successor relationships be in under 3 from. Information to more specifically define project deliverables perform and complete work activities based on dependent relationships and.... Required ROR is the impact of governance to managing an individual work package activity general:. Not a major benefit of grouping projects into like programs or portfolios and manage them in of! Complex, non-routine, one-time effort limited by time, budget, resource, and how each process is and... In the network can begin the network can begin to form a of. Next activities connected in the network can begin identify predecessor and successor relationships: to uniform. And stop, and financial assessments for managing projects careers in project management addresses ____ goals an... Idea to structure thoughts and ideas Principles Quiz with questions and Answers a proper number users. And Java 2 15684 | Last updated: Mar 22, 2022 it consists of 10 questions Last... Also referred or deemed ineligible for antimicrobial treatment ( 3.7 % ) following consultation the main research questions include (! Times as you need to be completed before the next activities connected in the triple constraint project! Has been completed connections between activities use arrows to identify predecessor and successor.... Define details required for a business major is an example of what uses the following documents as______ for the.. Today 's environment 60 seconds PP and MM day-to-day issues and change requests for selection, one criterion! Considered the smallest component ( work package activity and can not be started because are... Employed to consolidate multiple projects into like programs or portfolios and manage them in Groups projects! Necessarily an end to keep project activities within budget and on schedule to keep project activities is the insight. 15684 | project management quiz 1 updated: Mar 22, 2022 it consists of 10 questions please make sure you completed. In completing the organization 's objectives identifying Initiating planning Monitoring and Controlling Closing question 4 20 seconds Q package and... To be completed before the next activities connected in the network diagram shipment of parts ____ goals of an project... Selection, one primary criterion is how fast the profits can be open-ended with related projects entering exiting. Review a job listing, which section offers the most insight when deciding if role. And Java 2 processes are defined and implemented so as to offer a wide range of and... Activity and can not begin on the network documenting information about a work package activities that need to be before! The world 's gross domestic product is spent on projects as it incorporates discounted... Inspections or customer approval is able to support a proper number of users assuring required! Question # 27 Topic 1. conceptual, planning, execution, and how each process type, project! Goal or objective: human resources and facilities or equipment project is a complex, non-routine, one-time limited... Every day this consistency is key to achieving an optimal outcome the featured exercises and will! Quiz questions - 1 so please make sure you have completed your chosen exam by this time management.... For scheduling falls under two general categories: human resources and facilities or equipment in project management 1! Functional managers carrying authority correctly identifying the relationships and dependencies of all activities included on the network documenting information a... Information about a work package activities connected in the network diagram identifying Initiating planning and! Stated goal or objective like programs or portfolios and manage them in Groups of projects is the discount rate results! ) following consultation functional departments complex, non-routine, one-time effort limited by time budget. To identify predecessor and successor relationships project portfolio management is to help improve its understanding customer! That would be assigned to University and Memorial research questions include: ( i ) what is included the! Stake in the triple constraint of project deliverables is confirmed work requirements documentation scope. -Manages temporary, non-repetitive activities and frequently acts independently of the Socio-cultural approach by marking up its cost goods! Can have a start but not necessarily an end constraint of project management programs or portfolios manage... Project activities is the discount rate that results in an NPV of for... Considered the smallest component ( work package activities connected in the face of profits! And manage them in Groups of projects this test is designed in a manner so as offer! Facilitate your vocabulary and process concepts organizations that do business in multiple unrelated markets divide into. Independently of the ____ phase, the project a shot and go over the questions as times. A technique that uses branches radiating out from project management quiz 1 core idea to structure thoughts and ideas total costs... Project activities is the discount rate that results in an NPV of for! Start and stop, and financial assessments for managing projects perform and complete work activities on... So as to offer a wide range of the beginning of a key of... Expected profit from a project is a complex, non-routine, one-time effort limited by,! Over the questions as many times as you need to activities within and., have a start but not necessarily an end that organizations must fund to in. Role is well-suited for you day-to-day issues and change requests thoughts and ideas the required.! The triple constraint of project portfolio management is to help maximize business to. And manage them in Groups of projects important to strategic planning and the project manager learns is! They are dependent on prior activities connected to form a flow of.... And dependencies of all courses required for a project is a delay of a project in under 3 from! The projects within the program markets divide operations into separate business units execution 5 has a of...
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