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GEB 3031 Exam 1 Questions with Correct Answers.
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GEB 3031 Exam 1 Questions with Correct Answers.
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GEB 3031 Exam 1 Questions with Correct AnswersWhat is Project Management? Correct Answer-Planning, scheduling,
and orchestrating project tasks to achieve objectives within time,
resource, and quality constraints
Benefits of Project Management: Correct Answer-*Getting work done
well, on time and within budget
*Utilizing resources efficiently
*Managing expectations
*Avoiding conflicts
*Adding value to your business
4 phases of The Project Management Process: Correct Answer-
*Defining and organizing the project
*Planning the project
*Executing the project
*Closing down the project
Identifying the need/purpose of project and interest/goals of
stakeholders: Correct Answer-*Brainstorm alternatives
*Set Project Objectives (SMART goal)
*Align Objectives
What are the 3 Competing Demands of a Project? Correct Answer-
*Quality
,*Time
*Costs
Trade offs calculated as; Correct Answer-Quality = Time + Costs
"Scope Creep" Correct Answer-doing more than originally planned, eg.
"death from 1,000 cuts"
The different Roles of persons involved in a Project Correct Answer-
*Project Sponsor
*Project Manager
*Project Team Leader
*Project Team Members
*Project Stakeholders
When creating a project charter, what should be included? Correct
Answer-*Projects Mission Statement
*Roles and responsibilities
*Project Scope
*Deliverables and objectives
*Budget, allocations and resources
Work Break Down Structure (WBS) Correct Answer-develops
estimates, assigns personnel, tracks process, and maintains scope;
divides tasks into smallest natural work units
, Estimate time required for each task by: Correct Answer-*using
experience (yours and others)
*Understand that commitments are binding
*Manage expectations (clarify assumptions)
*Pad estimates to reduce risk
What is KSA? Correct Answer-Recruitment based on Knowledge, skills,
and Abilities
Recruitment based on Knowledge, skills, and abilities consist of: Correct
Answer-*Matching new and incumbent members to planned tasks
*Making assignments with all members present
*Be support to promote commitment
What does Developing a Budget consist of? Correct Answer-
*Estimating costs (personal, travel, supplies, ect)
*Assessing projects value (cost vs benefits)
*Budget for contingencies (eg, 5% "wiggle room")
Developing a Schedule (plan) consists of: Correct Answer-*defining
tasks using WBS
*Examining relationships among tasks
*Creating draft schedule (Gantt charts, Crtitical path analyses, PERT
charts)
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