Pm QB 2
Pm QB 2
1. Criteria: Alignment with organizational goals, ROI, risk level, and resource availability.
2. Methods: Cost-Benefit Analysis, Scoring Models, Net Present Value, Payback Period,
and Strategic Alignment.
3. Helps prioritize the most beneficial projects.
4. Balances resources across multiple projects.
5. Ensures focus on high-value initiatives.
1. Work Breakdown Structure (WBS) organizes the project into manageable tasks.
2. Breaks the project into levels: deliverables, sub-deliverables, and tasks.
3. Ensures clarity of responsibilities and deadlines.
4. Example: For building a website, WBS includes design, development, testing, and
deployment.
5. Facilitates effective planning and resource allocation.
17. What is the purpose of scope planning in project management? How does it
contribute to successful project execution?
20. What is the purpose of activity definition in project management? How does it
contribute to project planning and execution?
21. What is the significance of estimating activity duration and resources in project
management?
22. Describe the process of defining project activities and their sequencing.
23. What is the primary goal of schedule control and monitoring in project management,
and how does it contribute to project success?
27. Explain the difference between cost control and cost analysis.
28. What is the importance of cost control and analysis in project management?
30. Explain any 5 Tools and Techniques for Activity Duration Estimating.
32. What is a project schedule? Explain any 5 steps to create a project schedule.
1. Project Schedule: A timeline that outlines project tasks, durations, and dependencies.
2. Steps to Create a Schedule:
○ Define all project activities and milestones.
○ Identify task dependencies and sequences.
○ Estimate the duration of each task.
○ Assign resources to each activity.
○ Use tools like Gantt charts to visualize the schedule.
33. What is cost estimate method in project management? Explain any 5 methods of cost
estimation.
1. Risk Identification:
○ Brainstorm potential risks.
○ Analyze historical data and project documents.
○ Categorize risks (e.g., technical, financial, environmental).
2. Risk Assessment:
○ Evaluate the likelihood and impact of risks.
○ Use tools like risk matrices or qualitative analysis.
○ Prioritize high-risk factors for mitigation.
○ Develop a risk management plan to address identified risks.
38. How can project team members share their opinions related to the project in detail?
41. What are the different conflict resolution techniques in communication management?
b) Project closure:
c) Vendor management:
45. How to identify and evaluate risk during different project phases?
47. How does effective team development contribute to the overall success of a project?
1. Staffing involves recruiting and assigning the right people for project roles.
2. Focuses on matching skills with project requirements.
3. Includes training team members for specific tasks.
4. Ensures adequate resource allocation throughout the project.
5. Contributes to timely and quality project delivery.
49. How does effective communication management contribute to the overall success of
the project?
51. What are the project integration process and activities in project management?
1. Project Integration Process: Ensures all elements of the project work together.
2. Activities:
○ Develop a project charter to define objectives.
○ Create a project management plan.
○ Direct and manage project execution.
○ Monitor and control project work.
○ Perform integrated change control for approved changes.
○ Close the project or phase after completion.
52. What is the role of change management in the successful execution of a project?
53. How can lessons learned from previous projects influence the decision-making
process in current projects?
55. What is the Six Sigma concept? Explain the Six Sigma concept in detail.
63. What are the benefits of using virtual and distributed teams in project management?
65. Why are leadership qualities valuable in project management, and why are they
important for project managers' success?
69. How does emotional intelligence influence communication, conflict resolution, and
team dynamics?
75. What are the different leadership styles and characteristics of project management?
78. How is negotiation conflict resolved between team members in any project?
79. What are the different professional responsibilities of project team members?
1. Streamlines project planning and tracking with tools like Gantt charts.
2. Enhances team collaboration through communication platforms.
3. Simplifies resource allocation using scheduling software.
4. Provides data-driven insights for better decision-making.
5. Automates repetitive tasks, saving time and reducing errors.
82. What are the different tools and software used for project planning? Explain in brief.
91. What is the role of change management in the success execution of a project?
92. How can lessons learned from previous projects influence the decision-making
process in current projects?
1. Quality Assurance (QA) ensures that project deliverables meet predefined standards.
2. Involves continuous monitoring and improvement of processes.
3. Implements systematic checks and reviews to identify defects early.
4. Establishes quality benchmarks and ensures adherence throughout the project.
5. Aims to increase customer satisfaction and reduce rework costs.
94. What is Six Sigma concept? Explain Six Sigma concept in detail.
1. Risk Monitoring: Continuously tracks identified risks and new ones throughout the
project.
2. Involves reviewing risk mitigation strategies and their effectiveness.
3. Regularly updates the risk management plan to reflect changes.
4. Helps in identifying early warning signs and adjusting strategies.
5. Ensures that risks are actively managed to minimize impact on the project.
1. Procurement Planning: Defines the process for acquiring goods or services necessary
for the project.
2. Involves determining what to procure, how to procure, and when.
3. Contract Types:
○ Fixed-Price: A set price for the entire contract.
○ Cost-Reimbursable: The buyer reimburses the seller for incurred costs.
○ Time and Materials: Payment based on time and materials used.
4. Helps manage project costs and supplier relationships.
5. Ensures legal and contractual requirements are met.
1. Building strong, trust-based relationships within the team and with stakeholders.
2. Promotes collaboration and effective communication.
3. Helps resolve conflicts and improve team dynamics.
4. Fosters long-term partnerships with stakeholders and vendors.
5. Essential for creating a positive, productive work environment.
1. Source selection is the process of choosing suppliers or vendors for project needs.
2. Involves evaluating proposals based on cost, quality, and capabilities.
3. Ensures that selected sources align with project objectives and requirements.
4. May involve competitive bidding or negotiation processes.
5. Aims to find the best value for the project in terms of quality, time, and cost.
1. The Agile project charter is a document that outlines the project’s purpose and scope.
2. It includes project goals, stakeholders, and initial requirements.
3. Specifies roles, responsibilities, and processes for the team.
4. Establishes the vision, timelines, and success criteria for the project.
5. Created by collaborating with stakeholders to ensure alignment with goals.
102. What are the benefits of using virtual and distributed teams in project management?
104. Why are leadership qualities valuable in project management and why are they
important for project managers' success?
1. Leadership qualities guide and motivate the team to achieve project goals.
2. Effective leadership ensures clear communication and decision-making.
3. Promotes a positive work environment, increasing team morale and productivity.
4. Leadership helps in conflict resolution and overcoming challenges.
5. A strong leader can inspire confidence in stakeholders, ensuring project support.
1. Emotional intelligence (EI) is the ability to recognize, understand, and manage emotions.
2. It enhances team communication and helps resolve conflicts effectively.
3. EI fosters empathy and positive relationships with team members and stakeholders.
4. It improves leadership by understanding the emotional needs of the team.
5. EI helps in stress management and maintaining a calm demeanor during challenges.
108. How emotional intelligence influences communication, conflict resolution, and team
dynamics?
1. Trello: Visual task management tool with boards, lists, and cards for team collaboration.
2. Slack: Messaging platform that integrates with various tools for real-time
communication.
3. Asana: Task and project management tool that helps teams track work and deadlines.
4. Microsoft Teams: Combines chat, meetings, file sharing, and collaboration in one
platform.
5. Basecamp: A project management and team collaboration software for tracking projects
and tasks.
114. What are the different leadership styles and characteristics in project management?
1. Autocratic: Leader makes decisions independently with little input from the team.
2. Democratic: Encourages team participation and decision-making through collaboration.
3. Laissez-Faire: Provides team members with autonomy and minimal supervision.
4. Transformational: Inspires and motivates team members to innovate and achieve the
project vision.
5. Servant Leadership: Focuses on serving the team’s needs, enabling them to perform
their best.
1. Agile Project Planning: Focuses on iterative planning and continuous feedback from
stakeholders.
2. Breaks the project into small, manageable tasks called sprints or iterations.
3. Prioritizes features based on customer value, delivering the most important first.
4. Regular sprint reviews and retrospectives allow teams to adjust plans as needed.
5. Involves close collaboration with the customer throughout the process to ensure
alignment with their needs.
117. How negotiation conflict will be resolved between team members in any project?
Explain.
1. Identify the underlying interests of all parties involved to understand the real issue.
2. Foster open communication to ensure all voices are heard and understood.
3. Seek a mutually beneficial solution that satisfies both parties as much as possible.
4. Use a neutral mediator if necessary to facilitate the discussion and resolution.
5. Document the agreed solution and follow up to ensure its implementation.
118. What are the different professionals’ responsibilities of project team members?
1. Project Manager: Oversees the entire project, manages resources, and ensures
timelines are met.
2. Team Members: Execute assigned tasks, collaborate with others, and report progress.
3. Stakeholders: Provide input, review deliverables, and approve project outcomes.
4. Subject Matter Experts (SMEs): Offer expertise on specific technical or business
aspects of the project.
5. Quality Assurance: Ensures project outputs meet quality standards and are free of
defects.
121. What are the different tools and software used for project planning? Explain in brief.
1. Microsoft Project: A robust tool for scheduling, resource management, and tracking
project progress.
2. Trello: A simple, visual tool for managing tasks using boards, lists, and cards.
3. Asana: A task management platform that helps teams organize work and track project
timelines.
4. Basecamp: A project management software that offers task tracking, file sharing, and
team collaboration features.
5. Monday.com: A work operating system that provides tools for project planning, time
tracking, and team collaboration.
1. Autocratic Leadership: The leader makes decisions without input from team members,
often used in high-pressure situations.
2. Democratic Leadership: Involves team members in decision-making, fostering
collaboration and idea-sharing.
3. Transformational Leadership: Inspires and motivates team members to achieve their
potential and go beyond their expectations.
4. Servant Leadership: Focuses on serving the team’s needs, ensuring that they have the
resources and support to succeed.
5. Laissez-Faire Leadership: Gives the team autonomy to make decisions and manage
their work with minimal supervision.
1. Negotiation skills are essential for resolving differences and reaching agreements that
satisfy all parties.
2. Involve clear communication and an understanding of the other party’s interests and
needs.
3. A successful negotiator focuses on win-win solutions, aiming for mutual benefit.
4. Patience, listening, and adaptability are crucial during negotiations.
5. Strong negotiation skills help build relationships and ensure long-term success.
1. Emotional Intelligence (EI) is the ability to understand and manage your own emotions,
as well as those of others.
2. In project management, EI helps build strong relationships, resolve conflicts, and
improve communication.
3. EI enables project managers to empathize with team members and lead with emotional
awareness.
4. It enhances decision-making by considering emotional impacts alongside logical
reasoning.
5. High EI in project managers fosters trust, respect, and motivation within the team.
1. Ethical considerations ensure that project decisions are made with integrity,
transparency, and fairness.
2. It involves respecting stakeholders' rights, maintaining confidentiality, and ensuring
honesty in communications.
3. Ethical project management requires avoiding conflicts of interest and upholding
organizational values.
4. Project managers must adhere to legal regulations and industry standards to ensure
compliance.
5. Ethical practices build trust with stakeholders and create a positive reputation for the
project and organization.
1. Professional responsibility refers to the ethical and legal obligations of project managers
and team members.
2. It includes providing high-quality work, meeting deadlines, and ensuring stakeholder
satisfaction.
3. Codes of conduct outline expected behaviors and ethical guidelines for professionals in
the field.
4. They promote fairness, accountability, and respect in all project-related activities.
5. Adhering to a professional code of conduct ensures that the project manager maintains
credibility and upholds industry standards.