Project Management: Know Your Facts!

1. Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements.

a) True

b) False

2. For the sake of efficiency and unity of purpose and direction, is it advisable to have the project manager take sole responsibility for developing the business case?

True

False

3. A project's scope is primarily a list of resources available to the project team.

True

False

4. Assumptions are what we use to estimate scope, schedule, and budget and to assess the risks of the project.

True

False

5. Breaking a project down into phases increases the complexity and project risk.

a) True

b) False

6. A business case is a deliverable that documents the project's goal, as well as several alternatives or options.

a) True

b) False

7. A project sponsor is responsible for ensuring that all of the project management and technical development processes are in place and being carried out within a set of specific requirements, defined processes, and quality standards.

a) True

b) False

8. Project management processes include Scope, Schedule, Budget, and Quality.

a) True

b) False

9. Only the most successful projects are likely to lead to best practices.

a) True

b) False

10. Waterfall is an iterative development approach while Agile is a structured development approach.

a) True

b) False

1. True

Project management is indeed the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements.

2. False

For the sake of efficiency and unity of purpose and direction, it is not usually advisable to have the project manager take sole responsibility for developing the business case.

3. False

A project's scope is not primarily a list of resources available to the project team.

4. False

Assumptions are not what we use to estimate scope, schedule, and budget, and to assess the risks of the project.

5. False

Breaking a project down into phases does not increase the complexity and project risk.

6. True

A business case is indeed a deliverable that documents the project's goal, as well as several alternatives or options.

7. True

A project sponsor is responsible for ensuring that all of the project management and technical development processes are in place and being carried out within a set of specific requirements, defined processes, and quality standards.

8. True

Project management processes do include Scope, Schedule, Budget, and Quality.

9. False

Not only the most successful projects are likely to lead to best practices.

10. False

Waterfall is not an iterative development approach while Agile is a structured development approach.

Project management is a crucial aspect of ensuring the success of any project. It involves the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements. A project manager plays a key role in overseeing the project and ensuring that all aspects are on track.

Developing a business case is an important step in any project, but it is not advisable to have the project manager take sole responsibility for it. Collaboration and input from various stakeholders are usually necessary to develop a comprehensive business case.

A project's scope goes beyond just a list of resources available to the project team. It includes the objectives, deliverables, and constraints of the project, providing a clear roadmap for execution.

Assumptions are not to be taken lightly in project management. They are used to estimate scope, schedule, and budget, as well as to assess risks. It is crucial to identify and address assumptions to ensure project success.

Breaking a project down into phases actually helps in managing complexity and reducing project risk. Each phase allows for better control and assessment of progress, leading to a more successful outcome.

A business case serves as a document that outlines the project's goals and objectives, along with potential alternatives or options. It helps in decision-making and ensures alignment with the project's overall vision.

A project sponsor plays a crucial role in overseeing the project management and technical development processes. They ensure that all requirements, processes, and quality standards are met throughout the project lifecycle.

Project management processes do encompass various aspects such as Scope, Schedule, Budget, and Quality. Each of these processes is vital for the successful execution of a project and meeting its objectives.

Not only the most successful projects can lead to best practices. Learning from both successful and unsuccessful projects is key to continuous improvement and growth in project management knowledge.

Waterfall and Agile are two distinct development approaches, with Waterfall being more traditional and sequential, while Agile is iterative and adaptive. Understanding the differences between these approaches is essential for choosing the right methodology for a project.