Chapter 1 - Introduction To Project Management

Front 1

The US spends ______ on projects every year.

Back 1

$2.3 trillion

Front 2

The world as a whole spends nearly ______ of its $40.7 trillion gross product on projects of all kinds.

Back 2

$10 trillion.

Front 3

How many people regard project management as their profession?

Back 3

More than 16 million people.

Front 4

On average, how much does a project manager earn?

Back 4

More than $82,000 per year.

Front 5

A 1995 Standish Group study (CHAOS) found that only _______% of IT projects were successful, and over _____% were cancelled before completion, costing over $81 B in the US alone.

Back 5

16.2%, 31%.

Front 6

What are the 9 advantages of using Formal Project Management?

Back 6

(1) Better control of financial, physical, and human resources

(2) Improved customer relations

(3) Shorter development times

(4) Lower costs

(5) Higher quality and increased reliability

(6) Higher profit margins

(7) Improved productivity

(8) Better internal coordination

(9) Higher worker morale

Front 7

What is a project?

Back 7

A project is a "temporary endeavour undertaken to accomplish a unique product or service".

Front 8

What are the 5 attributes of a project?

Back 8

(1) Unique purpose

(2) Temporary

(3) Require resources, often from various areas

(4) Should have a primary sponsor and/or customer

(5) Involve uncertainty

Front 9

What is the Triple Constraint?

Back 9

Every project is constrained in different ways by its

(1) Scope goals: What is the project trying to accomplish?

(2) Time goals: How long should it take to complete?

(3) Cost goals: What should it cost?

Front 10

What is Project Management?

Back 10

Project management is "the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements"

Front 11

What are project stakeholders?

Back 11

Stakeholders are the people involved in or affected by project activities.

Front 12

List 6 examples for stakeholders.

Back 12

(1) The project sponsor and project team

(2) Support staff

(3) Customers

(4) Users

(5) Suppliers

(6) Opponents to the project

Front 13

What are the 4 core knowledge areas that lead to specific project objectives?

Back 13

(1) Scope
(2) Time

(3) Cost

(4) Quality

Front 14

What are the 4 facilitating knowledge areas that are the means through which the project objectives are achieved?

Back 14

(1) Human resources

(2) Communication

(3) Risk

(4) Procurement management

Front 15

Which knowledge area affects and is affected by all of the other knowledge areas?

Back 15

Project integration management.

Front 16

What are some project management tools and techniques that assist project managers and their teams with the scope of a project?

Back 16

Project Charter, scope statement, and WBS (scope)

Front 17

What are some project management tools and techniques that assist project managers and their teams with the time of a project?

Back 17

Gantt charts, network diagrams, critical path analysis, critical chain scheduling (time)

Front 18

What are some project management tools and techniques that assist project managers and their teams with the cost of a project?

Back 18

Cost estimates and earned value management (cost)

Front 19

What was the first project to use "modern" project management?

Back 19

the Manhattan Project.

Front 20

What was the Manhattan Project?

Back 20

Three-year, $2 billion project had a separate project manager and a technical manager. (1946)

Front 21

What year were Gantt Charts first used?

Back 21

1917.

Front 22

What year were network diagrams first used and where?

Back 22

1958 on the Navy Polaris project.

Front 23

The job of ___________________________ is in the list of the top ten most in demand IT skills.

Back 23

IT Project Manager

Front 24

What does PMI stand for?

Back 24

Project Management Institute.

Front 25

PMI provides certification as a PMP. What does PMP stand for?

Back 25

Project Management Professional (PMP).

Front 26

What are low-end project management tools?

Back 26

Handle single or smaller projects well, cost under $200 per user.

Front 27

What are midrange project management tools?

Back 27

Handle multiple projects and users, cost $200-$500 per user, Project 2000 most popular.

Front 28

What are high-end project management tools?

Back 28

Also called enterprise project management software, often licensed on a per-user basis.

Front 29

TRUE/FALSE:

Program is a temporary endeavor undertaken to accomplish a unique purpose.

Back 29

FALSE.

Front 30

TRUE/FALSE:

Stakeholders are people involved in or affected by project activities.

Back 30

TRUE.

Front 31

TRUE/FALSE:

A Project will normally have a fixed, and well defined objectives.

Back 31

TRUE.

Front 32

TRUE/FALSE:

A project is normally initiated by the project manager.

Back 32

FALSE.

Front 33

TRUE/FALSE:

Knowledge areas describe the key skills that the stakeholder must posses in order to have a successful project.

Back 33

FALSE.

Front 34

TRUE/FALSE:

Much of the knowledge needed to manage projects is unique to the discipline of project management.

Back 34

TRUE.

Front 35

TRUE/FALSE:

Project managers do not need to have general management skills to manage a project.

Back 35

FALSE.

Front 36

TRUE/FALSE:

Project mangers use the Gantt chart as the primary tool to communicate project schedule information.

Back 36

TRUE.

Front 37

The project management profession is decreasing at an alarming rate.

Back 37

FALSE.

Front 38

TRUE/FALSE:

Low-end project management tools generally cost thousands of dollars

Back 38

FALSE.

Front 39

A program is characterized as ________________________________________.

Back 39

A grouping of projects managed in a coordinated way.

Front 40

The “triple constraint” of project management refers to ____________________________.

Back 40

Managing the scope, time, and cost dimensions of a project.

Front 41

A stakeholder is ________________.

Back 41

An individual or organization that is involved in or may be effected by project activity.

Front 42

Scope management is ____________________________________.

Back 42

Is primarily concerned with defining and controlling what is or is not part of the project.

Front 43

A project is a ____________________ endeavor undertaken to accomplish a unique purpose.

Back 43

temporary

Front 44

A project should have a primary ____________________.

Back 44

sponsor

Front 45

To create a successful project, ____________________, time and cost must all be taken into consideration.

Back 45

scope

Front 46

Knowledge areas describe the key ____________________ that project managers must develop.

Back 46

competencies

Front 47

Low-end project management tools are often recommended for ____________________ projects.

Back 47

small

Front 48

High-end project management tools are often recommended for ____________________ projects.

Back 48

large

Front 49

Project management overlaps somewhat with ____________________ management and application area knowledge.

Back 49

general

Front 50

The Gantt chart, network diagram, and critical path analysis are project ____________________ tools.

Back 50

scheduling

Front 51

Project management software is making specialized project management techniques ____________________ to use.

Back 51

easier

Front 52

Program is a group of ____________________ managed in a coordinated way.

Back 52

projects

Front 53

What three knowledge areas comprise the triple constraint of project management?

Back 53

scope, time, and cost

Front 54

Name two tools and techniques that are unique to project management.

Back 54

project charter, WBS, Gantt chart, network diagram, critical path analysis, project cost estimates, earned value chart

Front 55

Modern project management began with what project?

Back 55

The Manhattan Project

Front 56

What is the designation for people certified as project managers by the Project Management Institute?

Back 56

PMP for Project Management Professional