Project Management Assignment
Part 1 Short answer questions:
1. A ‘project' is a ____________ undertaking to deliver a (n) ___________ .
2. List three characteristics of a project:
3. A process is a group of ___________________ actions required to create a pre-specified product, service or result.
4. Project Management activities are divided into __________process groups.
5. Project teams in modern corporations are typically made up by assigning individuals to join teams in a _________ type organization.
6. A stakeholder is someone or a group who actually or potentially can ______________ the performance of your project.
7. List 2 of the 4 steps that comprise the Stakeholder Management Plan.
8. List the three broad categories typically used to define different types of projects.
9. When selecting which project is a better choice to perform, generally you should choose the project with the _____________ NPV.
10. The most common decision tool used by larger businesses today for screening and selecting projects is a ______________ .
11. The Project Charter __________ the project manager to initiate and lead the project and commit corporate resources.
12. The issuance of a Project Charter marks the end of the _____________ phase of the project life cycle.
13. Defining Project Scope should be an activity shared by the project team and the _______________ .
14. The Work Breakdown Structure (WBS) is a ______________ outline that identifies the _____________ involved in a project.
15. The highest level of the WBS is the _____________.
16. The lowest level of the WBS is _______________.
17. The OBS or Organizational Breakdown Structure overlays the WBS and identifies the group responsible for performing _________ .
18. List the three constraints that make up the Iron Triangle of project management.
19. The Iron Triangle theory should be discussed with the project client/sponsor to determine the _______________ to be followed by the project team as the project is performed.
20. Activity networks are based the tasks defined in the WBS and link or arrange those activities according to ____ relationships.
21. The timing relationships that define when work activities start and finish are known as _______________ and _________ .
22. The critical path is defined as the ______________ path through the activity network that allows for the completion of all project-related activities.
23. The critical path is determined by performing a ____________ and _____________ pass calculation though the activity network.
24. Slack and Float are synonyms. (true or false) _______________
25. Crashing the project means that the time to complete the project will be _______________.
Part 2 Essay questions:
Answer any 5 of the following 6 essay questions. Your answer should reflect your knowledge and understanding of the concepts and may include details that you feel important. You don't need exhaustive answers; I'm just concerned that you understand the concepts.
1. Provide a reasonable definition of what a project is and explain how a project differs from other corporate initiatives or undertakings such as operations work.
2. Discuss the positive and negative influences that corporate culture may exert on a project's potential for success.
3. Define a project stakeholder and describe the principle objective of a project's Stakeholder Management Plan.
4. Define the goal of modern project selection procedures. What are the major components or typical criteria used by modern companies?
5. What is a Project Charter? What are its key components and why is a Project Charter considered to be so important.
6. ‘Scope' is perhaps the single most important concept in project management. How would you explain the meaning and importance of the concept to someone unfamiliar with project management?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.