Project Management Exam Questions And Answers. Verified and Updated.
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Course
Project Management
Institution
Project Management
Project Management Exam Questions And
Answers. Verified and Updated.
Project - answerA temporary endeavor undertaken to create a unique product service or
result
Management - answerAct ot coordinating the efforts of people to accomplish desired goals
and objectives using available resources (e...
Project Management Exam Questions And
Answers. Verified and Updated.
Project - answer✔✔A temporary endeavor undertaken to create a unique product service or
result
Management - answer✔✔Act ot coordinating the efforts of people to accomplish desired goals
and objectives using available resources (eg. Money, workers, equipment, manpower)
Includes:
-Identifying requirements
-Establishing clear and achievable objectives
-Balancing the competing demands for quality, scope time and cost
-Adapting specifications, plans and concerns for the stakeholders
PM Characteristics - answer✔✔1. Management is goal oriented process
2. Multidimensional (work, people and operations)
3. A continuous process
4. Group activity
5. Dynamic function
6. Intangible force
Knowledge Areas - answer✔✔Scope Management
Time management
Cost management
Stakeholder management
Human resource management
Communication management
Procurement management
Project management - answer✔✔Checking planning, organizing, motivating and controlling
resources to achieve specific goals
Application of:
knowledge, skills, tools and techniques
to protect activities to meet or exceed stakeholders' expectations while using resources efficiently
and effectively
Project Life Cycle - answer✔✔Defines the phases that connects the beginning of a project to its
end
A project is unique
Details: Raw material extraction and processing, project manufacturing, distribution, use, end of
life
Recycle, Remanufacture, reuse/super-use
Direct Cost - answer✔✔Energy, materials, labor, time, other resources
Indirect cost and overheads - answer✔✔Waste, environmental damage, land use, social issues,
other effects.
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