Project Management Quiz Exam

Project management involves the use of knowledge, skills, tools, and techniques to effectively carry out project activities and achieve project objectives. This includes planning, organizing, and controlling various aspects of the project to ensure that it meets the specified requirements. Therefore, the statement that project management is the application of these elements to project activities in order to meet project requirements is true.

The explanation for the given correct answer is that the Standish Group has found that the primary reasons for project failure are not related to technology, but rather a lack of user involvement and incomplete resources. This suggests that successful projects require active participation and input from users, as well as adequate resources to ensure their completion.

The desire to fund a project should be based on the value it will provide to an organization. This means that the project should align with the organization's goals, objectives, and strategic plans. Cost savings, time savings, and resource constraints are important factors to consider, but ultimately, the value that the project brings to the organization in terms of potential benefits, growth, and competitive advantage should be the primary consideration.

The CHAOS studies have found that one of the most prevalent factors for challenged or failed projects is the lack of user input and incomplete requirements. This means that when users are not actively involved in providing their input and requirements for the project, or when the requirements are not clearly defined or incomplete, it increases the chances of the project facing difficulties or failing altogether. This highlights the importance of involving users and ensuring that their needs and requirements are properly understood and incorporated into the project.

The project sponsor is responsible for management and technical processes being in place and carried out. They act as the project champion and provide organizational resources and direction. They are typically the client, customer, or organizational manager who supports the project and ensures its success. They play a crucial role in providing the necessary resources and guidance to ensure the project's objectives are met.

The correct answer is 1990s because this was the time when the internet became widely accessible to the public and the World Wide Web was developed. This marked a significant shift in the way people communicated and accessed information, leading to the rise of the network era.

Internal risks can arise from the estimation process or the stability of the project team. This means that the risks can originate from factors within the project itself, such as inaccurate estimations of time, resources, or costs, as well as from the dynamics and cohesion of the team working on the project. These internal risks can have a significant impact on the success and outcome of the project, making it crucial for project managers to identify and address them effectively.