What is wbs - Study guides, Class notes & Summaries

GFEBS Project Systems Course Exam Questions and Answers What is a project definition? - Answer- 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 determines man...

UCF MAN 4583 Exam 2 Latest Update Already Passed Project Budget A realistic estimate of the cost to complete the project work Estimate too high; the project could be canceled Estimate too low; the project will cost more and don't deliver The Cost target you aim for as you manage a project Labor Cost What you paid people to work on the project Vendors Contractors Employees Burdened Cost For employees Salary Benefits May get the rates from accounting or HR departm...

You are assigned a new project. You learn that the technology department wants the project objective to be a 15% improvement in throughput. The operations' department wants no more than 3% of its resources used on the project and senior management is asking the project to reduce tax liability. As PM, the best thing you can do is: A. Encourage technology, operations, and management to meet and agree upon one objective B. Include only the senior management objective C. Include operations...

WGU IT Project Management Chapter 5 - Project Management Book of Knowledge PROJECTSCOPEMANAGEMENT Project Scope Management includes the processes required to ensure that the project includes all the work required,and only the work required, to complete the project successfully. Managing the project scope is primarily concerned with defining and controlling what is and is not included in the project. TheProjectScopeManagementprocessesare: PlanScopeManagement—Theprocessofcreatingascopemanag...

SIE 457 or 557 Project Management Midterm new exam tips questions and answers University Of Arizona A professional organization for project management specialists is the: a) PMI b) AMA c) MIS d) IPM e) PMBOK a) PMI Which of the following is the most critical component of the quadruple constraint? a) Time, then cost, then quality b) Quality, then budget, then time c) Scope d) They are equally important d) They are equally important What components are in the quadruple constr...

A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - Answer-True The sole source of a CM's liability is to its client. a. True b. False - Answer-b. False Factors impactful in construction - Answer-Time, cost, complexity, uncertainty/risk, turnover, conflict/litigation List 5 attributes of Construction Projects - Answer-1. Unique - each project is different than the previous (budget, location, quality) 2. Finite Time frame - specific start...

What is a project definition? CORRECT ANSWER 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 determines many attributes of the project. The Project Profile ca...

GFEBS Project Systems Course Exam With Questions And Answers 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 determines many a...

GFEBS Project Systems Course Exam With Questions And Answers 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 determines many a...

APM PMQ EXAM STUDY GUIDE What should a business case include? - B - Background O - Options B- Benefits CA - Commercial Aspects R - Risks T - Timescales What are the 5 aspects of the PRAM? - Initiate Identify Assess Plan responses Implement responses What are the 5 phases in the extended project life cycle? - Concept Definition Development Handover and Closure Operations Who are potential stakeholders within a project? - Project Sponsor Project Team Users Suppl...