temporary endeavor undertaken create unique product service result quizlet

Which of the following is a temporary endeavor undertaken to create a unique product service or result quizlet?

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Terms in this set (36)

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

True

A project is a lasting endeavor undertaken ot maintain a reliable product or service.

False

Most projects are conducted with constraints on the amount of time and funding available to the project manager.

True

Project plans and goals usually become more specific as early work is completed.

True

Operations consist of the ongoing work needed to ensure the organization continues to function effectively.

True

Customers may need to sacrifice expectations related to cost or schedule in order to realize their expectations for scope or quality.

True

An important factor used to determine the phases in a project life cycle are the control needs of the organization(s) involved in the project.

True

Generally, project life cycle stages are designed so that the amount of money spent in each of the stages is nearly equivalent.

False

Project customers can be either internal or external to the organization.

True

Different project life cycle models are used for different types of projects.

True

All projects go through a common project life cycle that includes four stages: concept, development, production and close-out.

False

The name and number of phases in a project life cycle are determined by the organization(s) involved in the project.

True

Integration management represents the processes and activities to identify, define, combine, unify and coordinate the various processes and project management activities.

True

Scope management includes the processes to manage timely completion of the project.

False

Communications management generally entails the processes that organize, manage, and lead the project team.

False

Cost management processes are involved in planning, estimating, budgeting,m financing, funding, managing and controlling costs so that the project can be completed within the approved budget.

True

The most critical measures of project success are completing the project on schedule and on budget.

False

Some projects are considered successful if they reap business benefits like increased profitability, even if completed late or over budget.

True

In reality, many projects are fully successful in some ways, but less successful in others.

True

The project manager is normally directly accountable for the project results, schedule and budget.

True

Which of the following statements correctly describes project management?

a.Project management applies knowledge, skills, tools and techniques to project activities.
b.Project management should not involve tradeoffs between scope, schedule and cost.
c.Project management only relies upon checklists to plan and execute the work.
d.Project management's goal is to maintain efficiency of ongoing operations.

A

Which of the following statements regarding project life cycles is most accurate?

a.All research and development organizations rely upon a four-stage project life cycle that includes initiating, planning, executing and closing.
b.The project life cycle is the same regardless of the type of projects managed by an organization.
c.Many different project life cycle models are used, for different types of projects.
d.All project life cycles are the same across every industry

C

When applied to project management, the human resource management knowledge area typically involves which of the following activities?

a.
determining the work necessary for project completion
b.
estimating, budgeting and controlling project costs
c.
identifying, analyzing and controlling project risks
d.
organizing, managing and leading the project team

D

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully?
a.
Project scope management
b.
Project quality management
c.
Project communications management
d.
Project stakeholder management

A

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the activities of purchasing or acquiring products, services or results from outside the project team?

a.
Scope management
b.
Quality management
c.
Communications management
d.
Procurement management

D

Achieving project success is determined by all of the following EXCEPT:

a.creating deliverables that include all required features
b.involving only important key stakeholders
c.completing the project on schedule and on budget
d.providing outputs that please the project's customers

B

Which of the following actions will likely cause a project to fail?

a.
dedicating valuable team member time to identify risk events
b.
spending project funding to procure needed tools and spare parts
c.
unclear or conflicting stakeholder expectations
d.
conducting a project audit to evaluate performance

C

Project failure can result from all of the following causes EXCEPT:

a.support of senior management
b.changes in scope are not agreed upon by all parties involved.
c.too little time is allowed for project completion.
d.planning is not adequate.

A

Which of the following roles is typically associated with the project manager?

a.the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives
b.the person with management authority over a unit within a functional organization
c.the person responsible for project methods, standards and training
d.the person responsible for providing the financial resources and support for the project and is accountable for enabling success.

A

Typically, the senior customer representative is responsible for which of the following project roles?

a.develops the project schedule and budget
b.determines how the project work will be accomplished
c.ensures the needs of the customer's organization are identified and prioritized
d.helps the project manager with running meetings and providing status reports

C

Strategic analysis is an important first step in setting strategic direction.

True

Strategic analysis is often called SWOT - Strengths, Weaknesses, Opportunities and Threats (SWOT).

True

Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).

False

The internal part of strategic analysis considers opportunities and threats posed by competitors, suppliers and regulatory agencies among others.

False

The organization's leadership should establish guiding principles such as the vision and mission for an organization before developing strategic objectives.

True

The organization's leadership should establish the strategic objectives to set the stage for the strategic analysis.

False

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Which of the following is a temporary endeavor undertaken to create a unique product?

What is a Project? According to PMI, a project is a temporary endeavor undertaken to create a unique product, service or result. A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.

What is a project a temporary endeavor with a?

According to the PMBOK (Project Management Body of Knowledge) 3rd edition, A project is defined as a “temporary endeavor with a beginning and an end and it must be used to create a unique product, service or result”.

Is a temporary endeavor undertaken to achieve a particular aim?

A project is a temporary endeavor undertaken to produce a unique product, service, or result. It has a defined start and endpoint and works according to a specific goal and objective.

Which of the following is a temporary undertaking designed to achieve a particular organizational goal?

A project is a one-time undertaking designed to achieve a particular organization goal.

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