c) It is best if project manager facilitates the project's workshops. Many, including Duncan Haughey from ProjectSmart, believe that project managers should get a written statement of requirements from the customer. Online paper writing services can be handy for those who want to write perfect essays. Project planning is a discipline for stating how to complete a project within a certain timeframe, usually with defined stages, and with designated resources. A common misconception is that the plan equates to the project timeline, which is only one of the many components of the plan. 1. a. While the vision for your project may be dead on, it's important to finalize what requirements should be included in your planning process. 2. a. C) Programs enable organizations to realize additional consolidated benefits to those from individual projects. The WBS consists of WBS elements that describe the tasks to be completed as part of the project. Unless . Project Requirements Identify the correct statements regarding project metrics. Test Plan. The Project Statement is the central element of a Fulbright application and is required for all activities: teaching, research, teaching/ research, and professional projects. Consider the following statements: In the bar chart planning 1. interdependence of the operations cannot be portrayed. It is an essential element for the function of any team, ensuring maximum efficiency, eliminating unnecessary or redundant work, and keeping a team on the same page every step of the way. Your mission statement is what your company is doing right now, while your vision statement is what you hope to achieve in . When you develop a business plan, financial projections and cash flow analysis are among the most critical elements. Welcome to our download center. Financial Statement Planning. Work Breakdown Structure is a useful tool in project management because it addresses the timing of individual work elements. 10. The risk response plan describes the actions to take, should the identified risks occur. The four phases that mark the life of the project are: conception / start, planning, execution / implementation and closure.. Each project therefore has a beginning, a central period, a completion and a final phase (successful or not). Professional writers' assistance available 24/7☎ Confidentiality and satisfaction guarantee! Your project plan is a blueprint of the key elements your team needs to accomplish in order to successfully achieve your project goals and objectives. Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables , tasks, costs and deadlines. In planning, the project manager uses an iterative and more detailed planning technique, called progressive elaboration, which allows project documents to be developed at a much more detailed level over time. B) All projects within a program are related. b- A project comes to an end once the objectives are accomplished. Answer A is incorrect because the project manager cannot establish the business need alone. "Wait a minute," you say, "isn't that a project plan?" Yes and no. Vision statements are aspirational and communicate concisely where the product hopes to go and what it hopes to achieve in the long term. Project objectives are the smaller steps that lead to the project goals, which are broader. A business case identifying the need is presented to senior management. According to the PMBOK, scope management has six processes: Plan Scope Management: Planning the process, and creating a scope management plan. a) All project stakeholders should attend every requirements workshop. Sometimes the terms "mission statement" and "vision statement" are used interchangeably or even combined into a single statement. The project scope statement furnishes the basis for. B. You can also allocate a cost to each resource. What statements are correct about project planning? Here, in only five pages, applicants bring together their backgrounds, particular interests, teaching and research philosophies, relevant . 3. spare time of the activities can be determined. 5. 4. schedule cannot be updated. a. Variance Analysis b. You may also need to plan your communications and procurement activities, as well as contract any third-party suppliers. Budgeting. Viability of the project is assessed via a feasibility study. Project Scope Management is a defined process for completing a temporary project. This outlines the objectives and scope of the project and serves as an official point of reference for the project team, larger company, and stakeholders. When there is a new procurement, a Project Manager should be assigned so they can kick off the procurement project. Project charter objectives are to address the "why, who, what, when, where, and how" of the project. When you consider a project, there are elements of input (what goes into the project . The project charter authorizes you to use organizational resources to accomplish the objectives of the project. Q.2: A process that involves continuously improving and detailing a plan . Plan the costs associated with a project or program. Test Plan helps us determine the effort needed to validate the quality of the application under test. a) The team should allow only senior managers to sign off deliverables. One typical template is given in Exhibit 2: The expressions in italics inside the square brackets need to be specified in order to describe any risk completely. The first application of project metrics on most software projects occurs during the testing of the developed product. Which of the following statements about project planning is true? Construction planning is a fundamental and challenging activity in the management and execution of construction projects. Answers A and B are both individually correct, but Answer C is the better response. Of these statements a) 1,2 and 3 are correct b) 1 and 4 are correct c) 2, 3 and 4 are correct d) 1,2 and . The primary output of the planning process group is the PM plan Planning happens simultaneously Throughout the project life cycle, the planning . A. d) A facilitator will manage the structure of a facilitated workshop. Construction Planning 9.1 Basic Concepts in the Development of Construction Plans. The statement consists of three components: objective, scope and competitive advantage. If you've ever worked on a project, there are good chances that you . Download Editable Method Statements & Project Management Procedures. Answer C is the correct response. about the shared objective . According to the Project Management Institute (), the term Project refers to " to any temporary endeavor with a definite beginning and end".Depending on its complexity, it can be managed by a single person or hundreds. Select one: a. agile. c. Work packages are the basis for subsequent project planning activities. The project management and accounting functionality can be used in multiple industries to provide a service, produce a product, or achieve a result. Create WBS: Subdividing project deliverables into smaller work units. While the vision for your project may be dead on, it's important to finalize what requirements should be included in your planning process. Defining Activities The activity definition process is a further breakdown of the work package elements of the WBS. The plan includes considerations for risk management, resource management and communications, while also addressing scope, cost and schedule baselines. According to the Project Management Institute (PMI), project management is defined as "the application of knowledge, _____, _____, and techniques to project activities to meet the project requirements". Execute profit and loss planning with trading partner . Select one: a. skills, analysis. Project objectives vs. project plan. Which of the following statements are correct regarding project management? a) Keeping overall costs within budget b) Delivering the software to the customer at the agreed time c) Maintaining a happy and well-functioning development team d) Avoiding customer complaints Answer: d Define Scope: Developing a detailed project scope statement. 2. TCS mandates Agile This is not a true statement Both 1 and 2 1 0 Be prepared to face such anti patterns and work together with the team to continuously improve and eliminate anti-patterns Correct his understanding of Scrum and accept that Scrum Master is the Team's manager Protest about this at the earliest possible team meeting and let others . Plan for Contingency. A project is a group of activities that is designed to provide a service, produce a product, or achieve a result. PROJECT MANAGEMENT EXAM MCQ QUESTIONS 1 TO 40 | PART - 2. A. Many, including Duncan Haughey from ProjectSmart, believe that project managers should get a written statement of requirements from the customer. C is correct because process analysis is simply execution of the steps outlined in Process Improvement Plan D is incorrect because Process Improvement Plan is not a part of Quality Improvement Plan (per PMBOK) 11. However, a charter . The most effective way of ensuring that this is carried out consistently by the project team is to define, in the Risk Management Plan, a standard template for all risk statements. Let's see what constitutes a Scrum example project plan, and hopefully after this, you can comfortably go ahead and complete yours: Scope statement - This is a definition of the project's boundaries. Poor planning is project management mistake number one by tommochal in CXO on March 14, 2003, 12:00 AM PST Among the five most common project management mistakes, inadequate definition and planning. Q.1: The basic nature of a project is a/an ----- one? Expert judgment c. Technical performance measurement d. Inspection; When performing the scope control process, which of the following statements is correct? Which of the following is not project management goal? C. This includes getting the initial stakeholders together to understand the scope and objectives for the procurement, and to discuss high-level expectations and timelines for the project. 73. The task shall be done according to the specifications and approved drawings. Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. ( For Google / Chrome browser - Click on three dots on the upper right side and click on Find in page ) MCQ ON PROJECT MANAGEMENT 1. MS Word & MS Excel files. That said, you should avoid unclear goals and objectives as they can easily turn project planning from a structured and well-organized process to a chaotic list of goals and milestones you cannot control. Start your project scope statement by explaining them. Construction Planning 9.1 Basic Concepts in the Development of Construction Plans. a.It is concerned with defining all to work of the project. A strategy statement helps ensure employees understand and stay focused on the company's strategy. 9. Mistake #2: Not establishing requirements. The validate scope process can occur at the end of the project or at the end of a project phase. The project charter allows you to get senior management buy-in for your project management approach. A program has a defined start and finish. Answer A is correct. Because based on the actual outputs and actual results of the project, re-planning or re-adjustments might be needed to reach the project objectives. An organization's portfolio will include programs. The project plan is the major work product from the entire planning process, so it contains all the planning documents for the project. The project planning phase is often the most challenging phase for a project manager, as you need to make an educated guess about the staff, resources, and equipment needed to complete your project. Project managers discuss deliverables constantly, but when it comes time to define the term it's surprisingly difficult for even the most experienced PMs . B, C, and D are incorrect, this is an incorrect example of project integration management at the process level. A) Managing projects within programs provides greater control over outcomes and resources. Answer D is incorrect. Designing a project is a process that aims to generate sustainable ideas for project development and create an action plan for successful realization of those ideas. This includes the established key methods of control to show how the work will be managed which ensures that the nominated tolerances and quality are achieved. d- A project is completely successful even if it is completed beyond its projected end date. Mission statements vs. vision statements. Q: Which one of the following statements is true for Agile projects? 3. spare time of the activities can be determined. A good . One responsibility of a project manager is to make sure that the project meets its quality goals. A project is defined as a sequence of tasks that must be completed to attain a certain outcome. You may also need to plan your communications and procurement activities, as well as contract any 3rd party suppliers. Use it as a guide to managing the project, meeting deliverables, etc The option B is incorrect because a Quality Audit is to identify inefficiencies, non-compliance in project activities. #1 - Short Term Planning. It involves the choice of technology, the definition of work tasks, the estimation of the required resources and durations for individual tasks, and the identification of any interactions . For meeting the various obligations, every business entity has to keep a sufficient amount of liquid funds so that as and when the requirement arises, it can pay the same. Projects consume resources and generate financial results in the form of revenues . b) Retrospectives are only run at the end of a project. Clients with special needs can find the best online Project managers have a wide range of responsibilities when it comes to planning activities, budgeting and allocating the necessary resources to successfully complete a project. Fill in the blank: After the stakeholders assign the project manager, the goals of the project have to be approved, as well as the scope of the project and its _____. For instance, if the project is exceeding the budget which was planned in the beginning, corrective actions and re-planning must be done to correct these deviations. Financial statements are written records that convey the business activities and the financial performance of a company. Planning financial statements and projections data. 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