PM586_Quiz_1_review_Jan_11[2]

PM586_Quiz_1_review_Jan_11[2] - PM586 Quiz 1 review What is...

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PM586 Quiz 1 review What is a project and what makes up a project Project managers Project life cycle Risk management Triple constraint Communications Quiz 1 There are 9 questions 1. MC project managers 2. MC project life cycle 3. MC WBS 4. MC risk management 5. MC communication and reports 6. MC elements of a project 7. ES triple constraint - The primary goal of project management is the achievement of 3 key objectives, often called the "Triple Constraint." Projects must be completed on schedule, at the planned cost, with performance that meets functional and quality specifications. Performance = Scope + Quality. These three interrelated parameters are at EQUILIBRIUM. If one parameter changes, one or both of the other two will have to change. For example, if your customer wants to add functionality (performance) after your project has been baselined, the schedule and/or cost will be affected. ES communications Managing communication is crucial to the success of any group of people. Many groups
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This note was uploaded on 08/11/2011 for the course PM 586 taught by Professor Heigel during the Spring '11 term at DeVry Irving.

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PM586_Quiz_1_review_Jan_11[2] - PM586 Quiz 1 review What is...

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