Intermediate Accounting, 18th Edition by Donald E. Kieso, Weygandt | Ebook PDF Textbook

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Project Management > EXAM > Project Management Final Exam/100% ACCURATE ANSWERS (All)

Project Management Final Exam/100% ACCURATE ANSWERS

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What is a project: - ANS-"A temporary endeavor undertaken to create a unique product, service, or result" What are four phases of project: - ANS-Initiating Planning Executing Concluding P ... MBOK: - ANS-Project Management Body of Knowledge Three Constraints of a Project: - ANS-Time Resources Cost Scope Statement: - ANS-Written confirmation of what the project will deliver Key document that bind you (the pm), the team and the projects sponsor. What sections are in the scope statement? - ANS-¥ Justification ¥ Objectives (aka deliverables) ¥ Scope description ¥ Acceptance Criteria ¥ Constraints ¥ Assumptions ¥ High level estimate & costs ¥ Participants on the project What are Project Constraints? - ANS-The limitations of what the project will operate within and it affects what can be delivered What are project assumptions? - ANS-Factors believed to be true, but not guaranteed to be Term used when a project's scope grows beyond what was originally approved. - ANS-Scope Creep On larger projects, a PM might form a committee: - ANS-Steering Team WBS: - ANS-Work breakdown structure What is a WBS? - ANS-Hierarchical; decomposition of the project into phases, deliverables, and work packages. Reducing the project into smaller and smaller parts, resulting [Show More]

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