Man 4583 - Study guides, Class notes & Summaries

MAN 4583 Exam 1 Questions and Answers Rated A+ What constitutes a project? - Temporary endeavor - Beginning and end - Creates unique product - Not continuous operation - Budget Project Manager - Assigned to achieve projects objectives - Leads projects team - Organizes projects resources - Planning/ overseeing project in its entirety - COMMUNICATING - Authorization given through project charter Simple Project Life Cycle/ Knowledge Areas of Process Groups Initiating, planning,...

MAN 4583 Exam 1 Questions and Answers Already Passed What is a project? Temporary endeavor: beginning and end Creates a unique product Not a continuous operation! What is a project manager? Assigned to achieve project objectives Leads project team Organizes project resources Can manage project at varying levels of complexity Can manage projects in different industries What are stakeholders? persons or organizations actively involved in the project have interests that may be pos...

MAN 4583 Final Exam Questions and Answers Rated A+ What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative...

MAN 4583 Exam 2 Questions and Answers Already Passed What is a Project Network A flow chart that graphically depicts the sequence, interdependencies, and start and finish times of the project job plan of activities that is the critical path through the network. What are some of the things to be considered in the critical path? scheduling labor and equipment communication project's duration budgeting cash flow Identifies critical activities What is an activity? An element of the...

MAN 4583 Final Exam UCF Questions and Answers Already Passed What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quan...

UCF MAN 4583 Exam 2 Latest Update Already Passed Project Budget A realistic estimate of the cost to complete the project work Estimate too high; the project could be canceled Estimate too low; the project will cost more and don't deliver The Cost target you aim for as you manage a project Labor Cost What you paid people to work on the project Vendors Contractors Employees Burdened Cost For employees Salary Benefits May get the rates from accounting or HR departm...

UCF MAN 4583 Prep Exam 1 Questions & Answers 2024/2025 What is a project? - ANSWERSA temporary endeavor that has a specific and unique goal, and usually a budget Has an end goal: Product/Service/Outcome/Scheduling System Has a budget Operations - ANSWERSWork that's the same day after day, producing the same results Ex: Admitting patients into the hospital What is project management? - ANSWERSAnswers several questions: What problem are you solving? How are you going ...

MAN 4583 Exam 1 - Baz UCF Questions and Answers Already Passed MODULE 1 What constitutes a project? What is a project? • Temporary endeavor: beginning and end • Creates a unique product • Not a continuous operation! A project is a unique endeavor that has a specific goal, a beginning and an end, and usually a budget. Distinguish between projects and operations: A project is any that produces a specific end result and is temporary; always have a beginning and an end. An Oper...

MAN 4583 FINAL EXAM UCF

UCF MAN 4583 Exam 2 Questions & Answers 2024/2025 I'm here for you! Through the years, Quizlet has helped me so much in my exams, quizzes, and assessments. I want to pay it forward If you find this helpful and would like to donate as little as $2-$5 to @stay-curious101 on Venmo it would mean the world to me! With every act of kindness, I'll pay it forward. :) "The average American gives 2.6% to charity every year" - Best of luck with all your classes! - ANSWERSThank You! ...