Exam 1: Project Management Concepts

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The project plan is executed in the

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Give an example of a project objective.

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The project budget includes costs for each activity plus other project costs such as administrative costs and overhead costs.

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Resources are identified and selected in the

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The estimated duration of the project is dependent upon the sequence of activities.

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The project objective is usually defined in terms of end product, schedule, and budget.

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Jake, a project manager for XYS Company, is developing the project plan for the implementation of a new technique to reduce the level of carbon dioxide emitted after a manufacturing process.Sara, a project manager for ABG Company, is developing a project plan to survey customers about how they have implemented a new product.Describe the similarities and differences of at least three project constraints that Jake and Sara may face during their projects.

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All the work involved with clearing a sidewalk after a heavy snow storm is an example of a project's scope.

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The schedule for a project is a timetable with only start times for tasks.

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The types and quantities of resources to be used for the activities are the base for the estimated project cost.

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Resources can include people, organizations, equipment, materials, and facilities.

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The project objective requires completing the project work scope and producing all the deliverables by a certain time and within budget.

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Describe what it means to "plan the work and then work the plan."

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Determining the market for a product for a gain of 5% market share within 18 months and $20,000 budget.This is an example of a project objective.

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The project budget is based on

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The Department of Transportation hired a company to build a six-lane highway between two cities.This is an example of a project.

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Projects are identified and selected in the

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The amount the sponsor has agreed to pay for acceptable project deliverables is the project budget.

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The project planning process of project management includes what steps?

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Corrective action must be taken for a project when

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