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13 Cards in this Set
- Front
- Back
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Estimating guidelines for time, cost and resources |
A) Responsibility- estimates should be made by the persons who is familiar with the task B) Normal conditions- Estimates should be based on normal conditions C) Time units- all tasks time estimates need consistent time units D) Independence- Estimaters should treat the task as independent from other tasks E) Contingencies- work package estimates should not include allowance for Contingencies |
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What are the function of management in project |
A) project manager- plays lead role in over all planning, excuting, monitoring, controlling and closing projects. B) Project team- Comprises of full time or part time employees C) Steering Committee- comprises of management representatives and other high level stakeholders D) project client- the party for whom the project is being undertaken E)project management office- a groupnof ppl who help build and maintain a set of standards and best practices F) Resources manager- Primarily responsible to manage resource pool assignable to project. |
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PIN POINT THE MAIN REASONS FOR COST ESCALATION. EXPLAIN REASONS |
A) inaccurate information B) Changes in design or requirements C) Economic and social factors D) Legal actions by consumers & public groups E) work inefficiency F) Ego involvement of estimator
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Human aspects of project management |
A) Project sponsorship and leadership B) The organization structure and culture C) The project team D) Communication |
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Evolved view points of management |
A) classical- est formal principles for planning, organising, leading and controlling B) Behavioral- dewels on the fact that human behaviour differ and manager shld know their employees C) The system- acknowledges complexity and casual relationship. A manager shld understands first the system and its relationship with the environment. D) Contingency- management alone can guide a manager in all aspects of thr job E) PM view- since projects are non routine and unique, such activities require temporary management styles |
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Four basic Determining techniques in estimating cost figures |
A) expert opinion- an estimation provided by an expert B) An analogy estimate- an estimate developed by reviewing costs from previous similar projects C) A parameteric estimate- an estimate derived from an mathematical relationship. E) Cost engineering- a detailed cost analysis of individuals cost categories at work task level. |
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Where is project management appropriate |
A. Unfamiliarity- project alwayd requires unusual things to be done B. Magnitude of the effort- requires substantially more resources C. Changing environment- highly Changing environment D. Interrelatedness- Functional areas are sometimes self serving and some times need cross work purposes. E. Reputation of the organisation- high risk undertaking may need for PM |
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Forms of project management basic |
A)Basic PM- implemented in two ways, pure (all resources are available from functional groups), matrix( organisation is created by using elements allocated from permanent functional units.) |
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Forms of project management project vs programme |
-time duration of program is longer while project shorter -project out put my continue after termination in a program. Example gilgle gibe hydro electric project |
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Forms of project management new venture management vs product management |
-due to changing situations the management might be expected to produce new product almost any time -in product management, one individual is in charge from inception to closure to produce a unique product. |
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What is project management information ? |
PMI is a framework, methodology, a system for collecting, organising, storing, processing and disseminating information. |
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Benefits of PMIS over manual systems? |
Speed, capacity, efficiency, economy, accuracy and ability to handle complexity |
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Types project managers? |
A) project expeditors- are individuals who speed up the work and are the communication link to the general manager. B) Project coordinator- They achieve unity of control over project activities. C) Matrix managers- type of mangers who report for more than one managers. D) pure project managers- their purpose is to achieve unity of command |
