PROJECT – ANALYSIS AND IMPLEMENTATION

FAQ’S

TWO MARKS QUESTIONS & ANSWERS:

Q1. What is project?

A project is synthesizing predetermined amounts of the resources of an organization to generate something that will assist an organization in designing an executing its strategies.

Q2. Give various steps in project management.

The steps in project management can be segregated on various grounds. One of the practical approaches is splitting the steps in the following order.

Plan:

Define work Build work plan

Manage:

Work plan Issues Scope Communication Risk Documents Quality Metrics.

Q3. What is a risk in the context of project management?

In the context of project management, a risk is any factor (or threat) that may adversely affect the successful completion of the project in terms of achievement of its outcomes, delivery of its outputs or adverse effects upon resourcing, time, cost and quality.

Q4. What is Gantt chart?

A Gantt chart is a way of illustrating multiple, time-based activities on a horizontal time-line.

Q5. What is critical path?

Critical path is the longest path from the beginning event to the end event. The minimum time required for completing the project is the duration on the critical path.

1Prof.RAMYA. H.P., KRUPANIDHI SCHOOL OF MANAGEMENT