1. What is the most important project resource a sponsor can provide 2. How can

Question

1. What is the most important project resource a sponsor can provide 2. How can you get formal approval for a project 3. Most information technology projects fail because of a lack of what resource 4. A product produced as part of a project is called a 5. What is the difference bet 6. Dollars available to reduce the risk of an overru ween a mandatory requirement and an optional requirement n that are included in a project cost estimate are called What 3 items make up the triple constraint of project management Your project requires that all software work follow DOD standards. What should you include in the scope of work to make sure you meet these requirements What quality system standard provides minimum requirements needed for an organization to 7. 8. 9. meet its quality certification standards 10. In which organizational structure do project team members report to both a project manager and a functional manager 11. What document is used to define the tvne of nrgiect communication, nurogses, recinients and

Explanation / Answer

1.The most important project resource a project sponsor can provide is: Financial resource (sponsor is a stakeholder and for 1 project there may be 1 or more sponsor, he provide cash for the project)

2. Formal approved for a project is done when it is finalized it is generally done by project sponsors and stakeholders. all deliverable at every stage of a plan is completed, reviewed and accepted.

3.Most of the IT project fail because of lack of Insufficient resources,  lack of adherence to the initial project estimates and commitments or due to some changes result in budget cuts need for project team members or due to lack of skill set required for the project.

4. A product produced as a part of a project is called deliverable.( a deliverable may be software product or a document or any building block).

5. The difference between the mandatory requirement and optional requirement.: A project has hundreds of requirment in that some may be mandatory (ie compulsory) and the other are optional requirements.

mandatory are the requirements must have to be considered a project successful they are set of expectation of the customer, they may also be called critical. Optional requirements are requirement set which is nice to have in the completion of a project.this provides additional information to the project team of the relative importance of requirements.they are also called non-critical.

6. Dollar available to reduce the risk of overrun that are included in a project cost estimates is called " Contingency reserves ( they are the reserves every project have to fund them to reduce risk ).

7. The three items make up the triple constraint in the pM are :

All projects are carried out under certain constraints, they relate with the quality of a project as a central idea

a) time (project to be delivered within a specified time)

b)cost (Project to be completed within cost)

c)scope (Project to be meet agreed scope)

9) The International Standards ISO: 10006 are the quality system standards needed for an organization.

10)organization structure where team members reports to project manager and a functional manager is MATRIX ORGANIZATION( in this structure reporting relations are in grid and employees have dual reporting relationship).

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