Project Management Overview

The project life cycle includes four main stages. During which stage are project phases not the same as the divisions of the project life cycle?

-Carrying out the work.

Identify statements that are true about the relationship between the product and the project life cycles.

-Each stage of the product life cycle may contain one or more project life cycles. -A project life cycle can be completed during a single-phase project.

How can you identify a phase in a project?

-It generally follows sequentially from a previous phase, although phases may overlap. -Project management processes may be repeated. -It has a natural decision point at its end. -It includes work specific to it. -It ends with the transfer of a deliverable.

The PMBOK Guide is a valuable source of information for project managers. What roles does it play in the project management profession?

-It provides project managers with methods that are recognized good practice. -It provides a written guide to the principles of the Project Management Institute (PMI).

Which statements correctly describe the Project Management Institute, PMI, and its role in the project management profession?

-It sets standards and provides information and resources for project managers. -It provides the only globally recognized certification for project managers. -It is the leading association for the project management profession.

In a project to plan and build a new theme park, what are examples of the characteristics of the project life cycle?

-Layout of the park is easy to alter during planning but very expensive to alter once construction has already started. -Uncertainty is highest at the start, before detailed planning and construction work begins. -The most resources are needed to help with the construction of the park.

Which statements describe PMI and its role in the project management profession?

-PMI sets standards and provides information for project managers. -PMI provides certification for project managers. -PMI is the leading association for the project management profession.

There is an error in the project life cycle diagram. Which statement about the relationships between the Process Groups highlights that error?

-Planning and Executing processes are repeated throughout each phase until work is done.

Which statements correctly describe the iterative nature of the Process Groups?

-Planning and Executing processes iterate until work is done. -Initiating and Closing processes occur only once in a project or phase. -Monitoring and Controlling processes are repeated from the start of a project or phase to its end.

What is meant by saying the application of project management processes is iterative in nature?

-Processes are repeated during a project or phase.

What are the characteristics of the predictive, or waterfall, life cycle?

-Product scope, time, and cost are determined during the planning phase at the beginning of the project and change very little throughout the remainder of the phases. -The product passes through phases sequentially until it is reviewed by the customer at the end of the project.

Which statements correctly describe the relationships between the product life cycle, the project life cycle, Process Groups, and project phases?

-Project phases make up the life cycle, but do not always align with the life cycle stages. -A project phase includes management processes which repeat throughout the project life cycle. -The project life cycle and its phases can form part of a product life cycle.

You are managing a project to move company offices to another site. Which statements are examples of characteristics of the project life cycle?

-Risk is highest at the start, before you plan the move in detail or begin carrying out the work. -Making changes to the layout of the new office will be easy early on but increasingly expensive once work has started. -Most resources will be needed just before and on moving day, to pack, transport, and unpack equipment.

Which statements correctly describe the relationship between project life cycle stages and the project phases?

-The life cycle stage of carrying out project work may have many phases and subphases, depending on the nature of the project. -All the phases make up the entire project life cycle. -The research, design, and closing phases of a project usually align directly to life cycle stages.

A cosmetics company wants to develop a new skincare range. Which statements are true about the relationship between the product and the project life cycles?

-The life cycles of the projects for supplying samples to major cosmetics retailers and for promoting the range may complete during one stage of the product life cycle. -The company can choose to view the development, marketing, and eventual decline of the products as a single-phase project.

Which statements are true of the relationship between project life cycle stages and the phases in a project?

-The stage of carrying out project work does not align with a single phase - many phases may occur during this stage, depending on the nature of the project. -The project life cycle is made up of all the project phases. -The starting, organizing and preparing, and closing project life cycle stages tend to have aligning phases.

Identify characteristics of project phases.

-They each end with a transfer of work or outputs. -They end at natural decision points, when the viability of a project can be reassessed. -They repeat project management processes. -They are usually sequential. -They each include a discrete type of work.

What are the key roles of the PMBOK Guide in the project management profession?

-To provide a written guide to project management principles as approved by PMI. -To give guidance for the project management profession by providing recognized good practices.

Which statements correctly describe the iterative nature of the Process Groups?

-You continue repeating Planning and Executing processes until all work in the phase is completed. -You repeat Monitoring and Controlling processes continually, until the phase ends. -You implement the Initiating and Closing processes only once for the phase.

Which of the seven displayed components are Knowledge Areas?

1. Integration Management 2. Risk Management 3. Time Management 4. Communications Management 5. Scope Management

The product life cycle consists of five stages. Sequence these stages in the correct order.

1. Product inception and development 2. Market introduction 3. Market growth 4. Market maturity 5. Sales decline

Match each description to a particular process.

Define Activities: -A Planning process in the Time Management Knowledge Area. Manage Communications: -An Executing process in the Communications Management Knowledge Area. Control Procurements: -A Monitoring & Controlling process in the Procurement Management Knowledge Area. Perform Quality Assurance: -An Executing process in the Quality Management Knowledge Area. Develop Project Charter: -An Initiating process in the Integration Management Knowledge Area.

Match each description to a particular process. Access the learning aid Knowledge Areas and Process Groups Table to help you answer this question.

Identifying Stakeholders: -An Initiating process in the Project Stakeholder Management Knowledge Area Control Risks: -A Monitoring and Controlling process in the Project Risk Management Knowledge Area. Develop Project Charter: -An Initiating process in the Project Integration Management Knowledge Area. Control Costs: -A Monitoring and Controlling process in the Project Cost Management Knowledge Area. Perform Quality Assurance: -An Executing process in the Project Quality Management Knowledge Area.

Match each Knowledge Area to the description of its purpose.

Project Integration Management: -To coordinate the processes and work to be done in a project. Project Time Management: -To ensure that a project is finished according to schedule. Project Cost Management: -To ensure that a project stays within its budget. Project Scope Management: -To identify and define all required work. Project Quality Management: -To endure that a project meets the standards set for it.

Although the project life cycle, the product life cycle, and project phases are closely linked, they have different characteristics. Match each characteristic to the relevant project concept. Not all characteristics match to a concept.

Project Phase: -A division of project work that creates a distinct deliverable. Project life cycle: -Four stages of an entire project. Product life cycle: -Activities divided into five sequential stages, from development to retirement from use.

Match each of the five Knowledge Areas you just learned about to their descriptions.

Project Stakeholder Management: -To identify and engage all individuals involved in or affected by the project. Project Procurement Management: -To obtain goods and services required for a project. Project Communications Management: -To control the exchange of information. Project Risk Management: -To identify and respond to threats to the project. Project Human Resource Management: -To manage the project team.

The project life cycle includes four stages. Each of the processes for managing the project life cycle is divided into five Process Groups. Match each component with the concept it can be defined as. You may use a concept more than once.

Project management Process Group: -Executing -Monitoring and controlling -Initiating Project life cycle stage: -Organizing and preparing -Closing the project -Carrying out the work