1. C) Project
2. C) Lower cost of capital
3. D) Projects involve little uncertainty
4. C) Meeting communications goals
5. A) Proposal
6. A) Project Management
7. A) Strategic, tactical
8. B) Program
9. D) Technical skills
10. B) Process
Project management is a one-time carefully planned and organized effort to achieve a specific goal. Project management includes: Developing a project plan, which includes defining project goals and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating budgets and timelines for completion Implementing the ...view middle of the document...
In product and system development, a design resulting in a specific set of product requirements is created. This convergence is measured by prototypes, testing, and reviews. As the execution phase progresses, groups across the organization become more deeply involved in planning for the final testing, production, and support. The most common tools or methodologies used in the execution phase are an update of Risk Analysis and Score Cards, in addition to Business Plan and Milestones Reviews.
With a comprehensible characterization of the project and the full and detailed PMP, we are now ready to enter the Execution phase of the project. This is the stage in which the requirements are actually built and programmed. After the QA process the product will be presented to the customer for acceptance and full implementation. If the customer has accepted the final product, the project is complete and ready for closure.
5. Project Closure
Project Closure involves releasing the final product to the customer, handing over project documentation, Manuals, Source code, and Network layouts. Last remaining step is to undertake a Post Implementation Review to identify the level of project success and note down any lessons learned.
A project leader or manager is a person selected to lead a project. He is expected to be completely accountable for his team members and for meeting the team’s targets. In short, the project manager is responsible for everything in his team.
The project leader must have various skills such as general management skills, skill to ask sharp questions, making decisions both large and small, resolve conflicts, etc. The project leader is responsible for seeing the following tasks are completed in time:
* Getting approval for the team objectives
* Choosing and heading the team
* Setting up individual objectives
* Creating a feasibility report
* Performing a risk analysis
* Assuring that the project is planned properly and in detail
* Allotting and supervising the work and cost
* Motivating team members
* Reporting progress to management
* Assisting team members to solve problems, and
* Achieving the team goals
Other roles and responsibilities include:
* Strategic influencing
* Business partnering
* Working with vendors, and
* Controlling quality
Quality begins with designing a product as per customer specifications. Further, it covers the application of standard measuring units, the suitable raw material, selecting appropriate manufacturing process, etc. Quality is a relative term and it can better understand by a comparison with the utility of the product.
Some of the attributes that defines the quality are as follows:
Some products are perishable, i.e., the quality declines over time. For example, vegetables fall into this category. Fashion items also are subject to obsolescence. At the other...