Mgmt 444 Ch. 1

The key to effective project control is measuring ___ progress and comparing it to ___ progress on a timely and regular basis throughout the ___ phase and taking any needed corrective action immediately

actual, planned, performing

The project objective may also include a statement of the expected ___ or ___ that will be achieved from implementing the project

benefits or outcomes

A ___ system needs to be established for the process and procedures that define how changes will be documented, approved, and ___

change control, communicated

Ultimately, the responsibility of the project manager is to make sure the ___ is ___

customer is satisfied

The project objective is usually defined in terms of ____, ____, and ___

end product or deliverables, schedule, and budget

The project management process involves two major functions: ___ a plan, and then ___ that plan to accomplish the project objective

establishing, executing

The project budget is based on ___ costs associated with the quantities of various ___ that will be used to perform the project

estimated, resources

___ and the ___ have brought new opportunities for firms, as seen in multi sourcing project work elements to more competitive participants worldwide

globalization, internet

A project is based on a unique set of ___ and ___ of how long each activity should take, various ___ and ___ about the availability and capability of those resources, and estimates of the costs associated with the resources

interdependent activities and estimates resources and assumptions

An ___ should be created of specific issues or concerns or questions that various stakeholders identify so that the ___, ___, or ___ can address them and make sure they not forgotten or dismissed without adequate follow up and response

issue log project manager, project team, or project sponsor/ customer

In the ___ phase the project plan is executed, activities are carried out to produce all the project ___ and to accomplish the project objective

performing, deliverables

It is important that people who will be involved in ___ the project also participate in ___ the work

performing, planning

A project utilizes carious ___ to carry out the activities to make it successful

resources

Once the project ___ and project ___ are developed, it must be determined whether the project can be accomplished within the required time, budget, and resources

schedule, budget

The project ___ is all the work that must be done in order to produce all the project ___, satisfy the customer that the deliverables meet the requirements and acceptance criteria, and accomplish the project objectives

scope, deliverables

Successfully completing the project requires finishing the ___ within ___ and a certain time frame, while managing resource utilization, meeting ___ specifications, and managing ___

scope-of-work within budget quality, risk

The ___ or ___ is the entity that provides the funds necessary to accomplish the project

sponsor or customer

the project manager and ___ need to build relationship with, and engage the various ___ who may influence or may be affected by the project, in order to gain their support

team, stakeholders

The schedule for a project is the ___ that specifies when each activity should ___ and ___

timetable, start and finish

In the project management process there are over 10 steps to complete, one of these steps is a ___, which is a hierarchical decomposition of the project work scope into work packages

work breakdown structure (WBS)