Project Management Fundamentals

What is the BEST definition of a project?

• AAn ongoing operational activity that produces the same output repeatedly each month
• BA permanent department responsible for delivering routine business services to internal customers
• CA collection of unrelated tasks performed by a single individual with no shared objective or agreed end date
• DA temporary endeavour undertaken to create a unique product, service, or result✓

Answer: A project is temporary, meaning it has a defined beginning and end, and it creates a unique deliverable, which distinguishes it from ongoing operations.

A program is BEST described as which of the following?

• AA single project with a fixed budget
• BA routine maintenance schedule for operations
• CA group of related projects managed in a coordinated way to obtain benefits not available from managing them individually✓
• DA document that lists all organisational risks, maintained by the risk owner and reviewed at each meeting of the project steering committee

Answer: A program is a group of related projects managed together to achieve benefits and control that would not be possible if they were managed separately.

Which document formally authorises the existence of a project and gives the project manager authority to apply resources?

• AProject management plan
• BScope statement
• CWork breakdown structure
• DProject charter✓

Answer: The project charter formally authorises the project and gives the project manager the authority to apply organisational resources to project activities.