Which of the following best explains the reason for planning processes and activities in projectmanagement?O a. Demonstrate your knowledge and skills as a project managerO b. Adhere to the project management processes forwarded by the Project ManagementInstitute (PMI).O c. Provide a roadmap for project execution, and monitoring and reporting of projectprogress.O d. Satisfy the sponsor's and key stakeholders' requirements

Project management is a complex process that involves planning, executing, monitoring, and…

Answered: Which of the following best explains…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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From the following list, select the two vital functions performed by project management software. Check All That Apply calculating a project's duration and schedule communicating changes, developments, and progress developing the client's objectives for a project identifying the activities required for project completion
Projects are initiated or created for the following reasons EXCEPT: O a. To solve business, social and economic problems O b. To produce goods and services along the production line 0 с. To take advantage of a business opportunity O d. To respond to technological advancement in an industry
Why a well thought out project plan and schedule is important for a successful project? a. It will form the basis for measurement as the project proceeds b. It provides the basis of documentation going forward c. All of them d. It provides the bench mark to monitor progress going forward
Jake, a project manager for XYG company, is developing the project plan for the implementation of a new technique to reduce the level of carbon dioxide emitted after a manufacturing process. Sara, a project manager for ABG compAny, is developing a project plan to survey customers about
Project scope (Per Chapter 4, this should be more detailed than the proposal scope)a. Project Objectivesb. Customer Requirementsc. Project Statement of Work (Tasks)d. Project Deliverablese. Project Acceptance/Success Criteria2. Provide Estimated Number of Workers Needed to Complete Project and their responsibilitiesa. Develop fictional people with professions needed to complete the project3. Provide a Task List/Work Breakdown Structure to divide the project into piecesa. Use graphical structure from pages 114-115 in text 4. Provide a Network Diagram for your project with estimated activity durations for each step. 5. Using a Project Schedule similar to page 161 in the text, provide a schedule for the project if wewere to start on June 1st, i.e. estimated time to completion and time to complete various tasksa. Need Earliest Start/Finish and Latest Start/Finish Calculations, and Slackb. Identify the Critical Path in your project6. Provide any risks that your team believes the…
Issues in project management include a. level of effort. b. period of performance. c. budget. d. all of the above. e. a and c only.
find information on major technology project. Then, assign yourself as a project manager for the project and start managing it by: o Identifying the stakeholders for the project. o Identify the business, organization and technology aspects related to the project. o Define the personality of the organization undertaking the project by applying the four frames of organizations. o Choose the organizational structure that in your opinion will suit the project and can you provide a justification of why you select this type of structure. o Which project lifecycle model is most suited for the project. Provide a justification for the answer
What type of function does a project management tool have that a task management tool does not? O file sharing O progress tracking commenting Obudgeting
28 The beta distribution is used in project management to: Select one: a. calculate pessimistic and optimistic activity times. b. calculate slack on activities not on the critical path. c. calculate the probability that a project will be completed within its budget. d. determine which activity should be crashed. e. none of these
Which one of the following best describes why IT projects frequently fail at least to some degree? a. Increasing number and range of project stakeholders b. Increasing complexity of ICTs c. Increasing number of issues around data ownership, resources, and priorities d. All of the above
Explain too why other options are incorrect
During the __________ stage of the project lifecycle, there is no significant difference in the importance that project managers place on the three goals of cost, time, and scope. a. phaseout b. main c. buildup d. formation

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