True or False-
A project is a temporary endeavor undertaken to create a unique product, service , or result
TRUE.
True or False-
A project has a definite beginning and end.
TRUE.
True or False-
A project ends when:
the project objectives have been achieved,
the objectives cannot/will not be met,
the need for the project no longer exists,
or the client terminates the project.
TRUE.
True or False-
In a project, temporary does not necessarily mean short duration.
TRUE.
Most projects are undertaken to create a lasting outcome.
True or False-
Projects can have social, economic or environmental impacts that outlive the project.
True.
The impact of a project typically lasts well beyond the project itself.
True or False The outcome of a project can be tangible or intangible.
True.
A project can create:
a product,
a service,
improvement of a product/service,
or a result.
True or False-
Repetition within a project does not change the unique characteristics of the project itself.
True.
A Building with same materials, same management team, will be in a different location, different stake holder, etc = unique.
True or False- Ongoing work is a repetitive process that follows the organizations established proceedures.
True- example would be payroll.
True or False- Project work is unique because of uncertainties in the products or services being created.
True- project work takes more planning than ongoing work.
True or False- A project can involve individuals, groups of people, organization unit(s), or multiple organizations.
True.
True or False- A project can create- a product, a component of a product, end item, a capability, a service, improvement of a product/service, or a result.
True.
True or False- An example of a project could be developing a new product, service, or result.
True.
True or False- An example of a project could be effecting a change in the structure, prosses, staffing, or style of an organization.
True.
True or False- An example of a project could be developing or aquiring a new or modified information system.
True.
True or False- An example of a project could be conducting research.
True.
True or False- An example of a project could be constructing a building, industrial plant, or infrastructure.
True.
True or False- An example of a project could be implementing, improving, or enhancing existing business processes and proceedures.
True.
True or False- A portfolio refers to a collection of projects, programs, sub portfolios, and operations managed as a group to achieve strategic objectives.
True.
True or False- Programs are grouped within a portfolio and comprised of subprograms, projects, and other work in support of the portfolio.
True.
True or False- Whether a project is part of a program or not, it is always part of a portfolio.
True.
True of False-
Projects and programs are linked to the organizations strategic plan by a portfolio.
