Man 4583 exam - Study guides, Class notes & Summaries

What constitutes a project? • Temporary endeavor: beginning and end • Creates a unique product • Not a continuous operation What is a project? A project is a unique endeavor that has a specific goal, a beginning and an end, and usually a budget. Explain the role of a Project Manager: • Assigned to achieve project objectives • Leads project team • Organizes project resources • Can manage project at varying levels of complexity • Can manage projects in different industries Water...

Describe what constitutes a project: -A non-routine, one-time effort limited by time, budget, resources and performance specifications designed to meet customer needs Explain the role of the project manager and key stakeholders: Project manager: assigned to achieve project objectives leads project team organizes project resources can manage project at varying levels of complexity can manage projects in different industries Stakeholders: persons or organizations actively involved in the project...

I'm here for you! Through the years, Quizlet has helped me so much in my exams, quizzes, and assessments. I want to pay it forward If you find this helpful and would like to donate as little as $2-$5 to @stay-curious101 on Venmo it would mean the world to me! With every act of kindness, I'll pay it forward. :) "The average American gives 2.6% to charity every year" - Best of luck with all your classes! - Thank You! What is a project? - A temporary endeavor that has a specif...

Creating the project schedule is incredibly important because once your sponsor approves it, the schedule will serve as a baseline for all the project work you and your team perform. List each activity on its own post-it note, and make sure that each activity has a name (the more self-explanatory, the better!) that is that is short and begins with a verb. String electrical wires (SEW) put any activities that can start immediately (in other words, they don't depend on any other project activi...

You are holding a document that analyzes and identifies risks on your project, categorizes them, and provides a scale to help you figure out the probability of the risk. What is the name of this document? Risk Management Plan Adopting proven technology instead of experimental technology in order to eliminate technical failure would be an example of which risk response? Avoiding Which of the following procurement documents is best to use when you are looking to purchase new hard hats of a speci...

UCF MAN 4583 Prep Exam 1 Questions & Answers 2024/2025 What is a project? - ANSWERSA temporary endeavor that has a specific and unique goal, and usually a budget Has an end goal: Product/Service/Outcome/Scheduling System Has a budget Operations - ANSWERSWork that's the same day after day, producing the same results Ex: Admitting patients into the hospital What is project management? - ANSWERSAnswers several questions: What problem are you solving? How are you going ...

All of the following are characteristics of a project EXCEPT: a. It has a definite beginning and end b. It repeats itself regularly c. It is temporary d. It has interrelated activities b. It repeats itself regularly A company's ongoing operations and maintenance are crucially important for providing a healthy environment for a project's product to be created and delivered. Ongoing operations and maintenance should: A. be included in the project as a separate deliverable because they usually ...

In a bottom-up approach, the estimated duration of project activities is based on __________ A. Work Packages B. the Budget C. Strategic Business Units D. the Schedule A. Work Packages Which of the following is NOT true about a network diagram? A. To construct it, activity duration estimates are unnecessary B. It illustrates logical dependencies among project activities C. It is necessary for identifying the critical path D. It shows start & finish calendar dates of project activities D. It s...

MAN 4583 Final Exam Questions and Answers Rated A+ What is an uncertain event or condition that, if it occurs, has a positive or negative effect on project objectives? Risk What are the 3 steps in understanding risks? 1. Hold a brainstorming session 2. Industry specific risk categories 3. Look at WBS and identify risks by tasks or group of tasks What are the four ways to manage project risk? Develop a risk management plan 1. Identify risks 2. Perform qualitative & quantitative...

MAN 4583 FINAL EXAM UCF