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Project Management Exam 1 Essay

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Exam #1 Study Guide
Chapter 1 1. Identify the five major characteristics of a project. a. An established objective b. A defined life span with a beginning and an end c. Usually, the involvement of several departments and professionals d. Typically, doing something that has never been done before e. Specific time, cost, and performance requirements 2. Identify and briefly describe the six factors that are increasing the demand for project management. f. Compression of the product life cycle i. Speed has become a competitive advantage; more and more organizations are relying on cross-functional project teams to get new products and services to the market as quickly as possible.
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This technical dimension includes planning, scheduling, and controlling projects. The sociocultural dimension is a much messier, and often contradictory and paradoxical world of implementation. Some suggest that the technical dimension represents the “science” of project management while the sociocultural dimension represents the “art” of managing a project. A manager needs to be a master at both to be successful. 6. Describe what it means that a Project Manager must work with a diverse troupe of characters? r. Project managers are typically the link to the customer and must manage the tension between customer expectations and what is feasible and reasonable. They provide direction, coordination, and integration to the project team, which is often made up of par-time participants loyal to their functional departments. Often times, project managers must work with many different types of people, such as vendors, suppliers and subcontractors. 7. How does a project manager typically spend his or her days? s. A project manager typically spends his or her days working on projects where each day is different from the last. They can always count on their work being personally meaningful and satisfying, and they enjoy the act of creating something new and innovative.
Chapter 2 1. Describe the connection between Project Management and an organization's Strategic Plan. a. 2. The typical Strategic
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