Create wbs - Study guides, Class notes & Summaries

What are the five criteria for a successful project? - Answer Time, cost, quality, risk & benefits Project Management - Answer The application of processes, methods, knowledge, skills and experience to achieve the project objectives Programme Management - Answer The coordinated management of projects and change manage activities to achieve beneficial change Project Success - Answer The satisfaction of stakeholder needs measured by the success criteria as identified and agreed at the sta...

WBS Dictionary correct answers A document that provides a description of each component - who is responsible for development - statement of work (SOW) - important milestones - estimate of costs and required resources Resource Scheduling correct answers A collection of techniques used to calculate the resources required to deliver the work and when they will be required. 1. create a network activity diagram first 2. adjust according to resource availability Duration correct ans...

Develop Project Charter - The process of developing a document to formally authorize a project or phase; outlines the project objectives and defines the authority of the PM Develop Project Management Plan - The process of defining, preparing, and coordinating all plan components and consolidating them into an integrated plan Direct and Manage Project Work - The process of leading and performing the work defined in the project management plan; Involved managing people, improving processes, r...

A WBS is_________ (check all that are true) A visual representation or "picture" of the project A schedule of project activities Correct! A helpful tool for eventually developing accurate estimates Made by a project manager alone and shared with the team A to-do list of project item - correct answer A visual representation or "picture" of the project A helpful tool for eventually developing accurate estimates Communication Plan...

APM PMQ Question and answers 100% correct 2024/2025 APM PMQ 1.1 Explain three difference between functional and matrix organisation structures. - correct answer 1. Who to report to. 2. Individual skills/experience. 3. Progression for members. 1.1 Explain three difference between functional and project organisation structures. - correct answer 1. Who to report to. 2. Duration of team. 3. Individual skills/experience. 1.2 Explain two ways in which a organisational breakdown stru...

CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified). A001. All the following statements about time and materials contracts are true except: a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements b. the seller receives a profit in addition to being reimbursed for allowable costs c. the full value of the agreement is not defined at contract award d. the exact quantity of items to be delivered is not defined at contr...

GFEBS Project Systems Course Questions and Answers Latest Update 2024 (GRADED) What is a project definition?: The project definition contains data used for the entire project. It contains default values which can be passed on to the WBS elements, or influence them, such as: Project Profile Project Control values (e.g., user status profile) Organizational data Planning parameters Settlement Rules Unique Project Number The Project Profile is often called the "DNA" of a PS project; it de...

SAP Certification Practice Exam 241 Questions with Verified Answers Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - CORRECT ANSWER - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - CORRECT ANSWER - Warehouse number What happens when we post...

CAPM PRACTICE Exam 89 QUESTIONS with Verified Answers For which of the following project management knowledge areas, accountability cannot be delegated by the project manager to someone else? A. Integration Management B. Schedule Management C. Cost Management D. Scope Management - CORRECT ANSWER A. Integration Management What can be tailored as part of project integration? A The appraisal process of the organization to suit the project team members B The project and development lif...

What is a project: - Answer- "A temporary endeavor undertaken to create a unique product, service, or result" What are four phases of project: - Answer- Initiating Planning Executing Concluding PMBOK: - Answer- Project Management Body of Knowledge Three Constraints of a Project: - Answer- Time Resources Cost Scope Statement: - Answer- Written confirmation of what the project will deliver Key document that bind you (the pm), the team and the projects sponsor. What se...