Question

1. Define project.
2. Define the term project objective, and give some examples.
3. List some examples of resources that are used on a project.
4. What role does a customer have during the project life cycle? Why is it important to satisfy the customer?
5. What aspects of a project might involve some degree of uncertainty? Why?
6. Define scope, schedule, cost, and customer satisfaction. Why are these considered to be constraints?
7. List and describe the main phases of the project life cycle.
8. List and describe the steps required to develop a baseline plan.
9. Why must a manager monitor the progress of a project? What can be done if a project is not proceeding according to plan?
10. Think of a project in which you were involved and identify the stakeholders and what “stake” each had in the project.
11. Describe how a global project can be more complex than a project performed within just one country. How might these elements affect the successful outcome of the global project?
12. List some benefits of using project management techniques.

Answer 1

Project: It is a temporary activity that takes place to generate a unique product, a service or a result.
This activity has a definite beginning and end.
Examples are :
creating a new product
Designing the services

Resources used are :
Man power
material
Tools
cost

Customers are one of the primary Stakeholders in the project. Often, depending on the Scope of the project, a product or service oriented towards the customer will be developed.
During the project life cycle there will be a research as well as a testing phase, in which certain criteria.

scope : The process of identifying and documenting specific project goals.

schedule :The listing of activities, deliverables, and milestones within a project.

Cost : The amount that is incurred during the project.

Phases of project life cycle
1)Initiating
2)Planning
3)Executing
4)Monitoring  
5)Controlling
c)Closing