moodle.leeuniversity.edu Copy Look Up S Share. BUSN-365 Homework #1-Chapters 1 a
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moodle.leeuniversity.edu Copy Look Up S Share. BUSN-365 Homework #1-Chapters 1 and 2 Chapter 1 Review Questions (Short Answer) 1. In your own words, what is a project? 2. How do projects differ from ongoing operations? 3. What types of constraints are common to most projects? 4. What two project dimensions are components of project performance? 5. What makes someone a project stake holder? 6. What are some common measures for project success? 7. What are some common reasons for project failure? 8. What are the five process groups of project management? 9. Of the five process groups, which group defines a new project or phase by obtaining authorization? 10. Define and compare predictive (plan driven) planning a adaptive (change-driven planning). When should each be used?Explanation / Answer
1. What is a project?
A project is a series of activities undertaken to produce a unique product or service. Key characteristics of a project are:
2. How do projects differ from ongoing operations?
A project is never a routine repetitive work. It is undertaken to achieve something that has not been done before. On the other hand, an ongoing operation involves performing a similar or same activity over and over again to achieve the same output. A project is strategic whereas an everyday operation is generally tactical.
3. What type of constraints are common to most projects?
Cost, time, quality and resource are the most common constraints to almost all the projects.
4. What two project dimensions are components of project performance?
Project Scope and Quality are the key components of project performance. Both of these impact the agreed project performance in a huge way.
5. What makes someone a project stakeholder?
If someone gets directly or indirectly affected by an activity or the outcome of a project, then he is called a project stakeholder.
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