Triple constraint Study guides, Class notes & Summaries

1. Approximately what percentage of the world's GDP is spent on projects? Correct Answer: • 25% 2. Which of the following is not a potential advantage of using good project management? Correct Answer: • Higher worker morale 3. A ______________ is a temporary endeavor undertaken to create a unique product, service, or result. Correct Answer: • Project 4. Which of the following is not an attribute of a project? Correct Answer: • Projects involve no uncertainty 5. Which of the ...

APM PMQ - Planning Risk & Quality Questions and Answers 100% CorrectAPM PMQ - Planning Risk & Quality Questions and Answers 100% CorrectAPM PMQ - Planning Risk & Quality Questions and Answers 100% CorrectAPM PMQ - Planning Risk & Quality Questions and Answers 100% CorrectDefine planning: - ANSWER-What is to be delivered, how much it will cost, when it will be delivered, how it will be delivered and who will carry it out. What are the benefits of planning? - ANSWER-Disciplined approach (avoids...

Project : A temporary endeavor undertaken to create a unique product, service or result. Operations : Work done in organizations to sustain the business. Project Sponsor : Usually provides the direction and funding for the project. Project Manager : Work with the project sponsors, the project team and all other stakeholders in the project. Triple Constraint : Scope, Time and Cost of the Project Quadruple Constraint 2 | P a g e : Scope, Time, Cost and Quality of the Project Projec...

WGU C722 Project Management Terminology Questions and Answers 100% Pass operations - Correct Answer ️️ -the ongoing, daily activities of an organization that produces revenue and expense Pg 10 projects - Correct Answer ️️ -a temporary endeavor with a specified start and end date Pg 10 business strategy - Correct Answer ️️ -the activities, methods, tactics, etc. that will be employed to meet the business's goals Pg 12 SMEs (subject matter experts) - Correct Answer ️️ -a p...

ITPM Chapters 1-3 Exam Questions and Answers 100% Pass Project - Correct Answer ️️ -A temporary endeavor undertaken to create a unique product, service or result. Operations - Correct Answer ️️ -Work done in organizations to sustain the business. Project Sponsor - Correct Answer ️️ -Usually provides the direction and funding for the project. Project Manager - Correct Answer ️️ -Work with the project sponsors, the project team and all other stakeholders in the project. Tr...

WGU C722 FINAL EXAM!! Q&A – PROJECT MANAGEMENT (Guaranteed Score A+) Three essential drivers that must be achieved to generate positive characteristics in project teams *** Cohesiveness, Trust, Motivation The five stages Dr. Bruce Tuckman (1965) introduced of group development *** Forming, Storming, Norming, Performing, Adjorning Forming *** In this stage, team members may be meeting for the first time. Often, no one really knows much about anyone else on the team. It may be prematur...

WGU C722 Project Management Questions and Answers Already Passed What is a project? Is any temporary endeavor with a specified start and end date that results in a unique product, service, or result. Project management involves managing everything about the project to get the desired result. Organizations are complex entities that engage in two types of activities: operations and projects. Operations ongoing, daily activities of an organization that produce revenue and expense. They continue ...

IEM 3403 Exam 1 Question and answers rated A+ 2024In today's market, which of the following industries appears to have a need for project management? A. Aerospace and defense B. Construction C. Information systems D. All industries have a need for project management - correct answer D. All industries have a need for project management Which of the following is not one of the PMBOK Guide's five process groups? A. Feasibility studies B. Planning C. Execution D. Closure - correct answe...

IEM 5603 Chapter 1 and 2 essay exam questions & answers 2023/2024 What is a Project? - ANSWER-Any series of activities and tasks that: a. Have a specific objective to be completed within certain specifications b. Have defined start and end dates c. Have funding limits (If applicable) d. Consume human and nonhuman resources (I.E). money, people equipment) e. Are multifunctional (I.e. cut across several functional lines) What is a Competing Constraint? - ANSWER-a. Success criteri...

CNIT 480 Final Exam Questions and Answers 100% Pass Glass's - Answer-"For every 25% increase in the connections of a system, there is a 100% increase in the complexity of the system." This is referred to as ___ Law. death march - Answer-A ______ project is described as a project that never ends, everyone is afraid to cancel it. Matrix - Answer-A ______ organizational structure combines the benefits of the functional structure and the benefits of the projects structure for an organizati...