Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project management is accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring and controlling, and closing.
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management is accomplished through processes, using project management knowledge, skills, tools, and techniques that receive inputs and generate outputs.
Chapter 11b: Answer key about SCOPE MANAGEMENT
1. Answer: b Scope deﬁnition is deﬁned by PMI as ‘‘decomposing the major deliverables into smaller, more manageable components to provide better control.’’ 2. Answer: a The chart of accounts is the system used to monitor project costs as deﬁned by PMI. 3. Answer: c A stakeholder is an individual or organization that is involved in or may be affected by project activities. 4. Answer: c The actual payback period is between two years and three years. It is the point where the net or cumulative cash ﬂows equal zero.
Chapter 4 WORK BREAKDOWN STRUCTURE. In this chapter, we discuss the Work Breakdown Structure, a critical project management tool. The Work Breakdown Structure is a methodology for determining project activities by systematically breaking the project into deliverable-oriented packages.
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The Guide to the Project Management Body of Knowledge describes project time management as the process used to ensure the timely completion of the project. The guide goes on to say that there are ﬁve major processes that are required to do proper project time management: Activity deﬁnition. Deﬁning the speciﬁc activities that are necessary to complete the project and produce all of the project deliverables. Activity sequencing. Identifying the sequence in which the activities must be done.
This paper provides a review of the steps and stages associated with project management according to the
Project Management Institute® (PMI). It is a primer for anyone new to the Project Management Body of
Knowledge® (PMBOK®) and who is preparing to take the PMP exam.
In order to understand how the Project Management Institute (PMI) recommends that projects be run it is nec-
essary to understand the project management life cycle. The project management life cycle is the framework
around which project management activities are structured.
Chapter 11a: Question about SCOPE MANAGEMENT.
1. Decomposing the major deliverables into smaller, more manageable components to provide better control is called: a. b. c. d. Scope planning. Scope deﬁnition. Scope base lining. Scope veriﬁcation.
2. Any numbering system that is used to monitor project costs by category such as labor, supplies, or materials, for example, is called: a. b. c. d. Chart of accounts. Work breakdown structure. Universal accounting standard. Standard accounting practices.
Chapter 16a: Question about QUALITY MANAGEMENT
1. The processes required to ensure that the project will satisfy the needs for which it was undertaken include all activities of the overall management function that determines the quality policy, objectives, and responsibilities and implements them by means such as quality planning, quality control, quality assurance, and quality improvement, within the quality system. This is called: a. b. c. d. Quality assurance. Quality control. Quality planning. Quality management.
Fully understanding the Project Management Institute’s (PMI ) approach to project management can be diffi-
cult. This is not because of the complexity of the material. The difficulty arises from having a body of knowl-
edge that is structured for referencing, not learning.
PMI divides the tasks associated with project management into 44 processes. There are also 44 different man-
agement activities that must be completed, in a specific order .
Chapter 12a: Question about TIME MANAGEMENT.
The following information and questions 1 through 10 refer to ﬁgure 1. A schedule was developed for a project to install windows in an apartment building. The project is a rush job, and the contractor has agreed to schedule the work on a single shift basis but will work seven days per week until the job is done. The project is to begin on May 1. Figure 1. Scheduling Practice Exercise.
1. What day in May will activity D have for its early ﬁnish date? a. b. c. d. May 13 May 6 May 7...
Chapter 16b: Answer key about QUALITY MANAGEMENT
1. Answer: d Project quality management includes the processes required to ensure that the project will satisfy the needs for which it was undertaken. It includes ‘‘all activities of the overall management function that determine the quality policy, objectives, and responsibilities and implements them by means such as quality planning, quality control, quality assurance, and quality improvement, within the quality system.’’ 2.
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Chapter 12b: Answer key about TIME MANAGEMENT
Answers to the following questions can be found in chapter 2, ‘‘Time Management,’’ unless otherwise noted. 1. Answer: b Note that activities in a calendar schedule start on the beginning of the time period that they start on and end at the end of the time period that they ﬁnish on. A two-day activity starts on May 5 and ends on May 6, ES and EF. 2. Answer: b The free ﬂoat or slack is the amount of time that an activity can be delayed before it affects the schedule of any other activity....
Project Quality Management processes include all the activities of the performing organization that determine quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken.
AC. Actual Cost. See Actual cost. Accountability matrix. A structure that relates the project organization structure to the work breakdown structure to help ensure that each element of the project’s scope of work is assigned to a responsible individual. Activity. A unit of work performed as part of a project. An activity usually has a duration, a cost, and resource requirements. Activities can then be subdivided into tasks. Activity deﬁnition. Identifying the speciﬁc activities that must be performed in order to produce the various project deliverables.
Chapter 5 SCHEDULE CREATION. Now that we have the Work Breakdown Structure, we can think about building the project schedule. Before the project schedule can be created, the team must identify the activities, and determine all of the interdependencies.
Chapter 12 EARNED VALUE.Earned Value is a tool which enables project managers to determine where the project stands in relation to the budget and the schedule, even on projects with hundreds or thousands of activities, some of which are on track at any given time, while others are either ahead of schedule or behind.
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