PROJECT MNGT EXPLANATION
PROJECT MNGT EXPLANATION
Definition of a project
Project initiation
Project planning
Project execution
Gantt charts
Budgeting
Cost control
Risk identification
Stakeholder engagement
Contract types
Procurement planning
Team leadership
Conflict resolution
Stakeholder analysis
2. The critical path in a project is the longest path through the network.
(True)
7. Risk mitigation means eliminating all project risks. (False) (It reduces
risk, but does not eliminate all risks.)
Multiple-Choice Questions
b) Unique
c) Ongoing operations
b) Project Charter
c) Gantt Chart
d) Risk Register
b) Agile
c) Six Sigma
d) PRINCE2
Answer: b) Agile
b) Quality Control
c) Project Closure
d) Cost Estimation
d) Control risks
2. What are the five phases of the project management life cycle?