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Project - Analysis and Implementation Faq'S Two Marks Questions & Answers: Q1. What Is Project?

A project synthesizes organizational resources to achieve strategic goals. The document outlines key steps in project management: planning includes defining work and building a work plan, while management focuses on the work plan, issues, scope, communication, risks, documents, quality, and metrics. It defines a risk as any factor that may adversely impact a project's outcomes, outputs, resources, time, cost or quality. A Gantt chart illustrates time-based activities on a timeline, while the critical path is the longest sequence of dependent tasks in a project with the least slack that determines the minimum project duration.

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66 views

Project - Analysis and Implementation Faq'S Two Marks Questions & Answers: Q1. What Is Project?

A project synthesizes organizational resources to achieve strategic goals. The document outlines key steps in project management: planning includes defining work and building a work plan, while management focuses on the work plan, issues, scope, communication, risks, documents, quality, and metrics. It defines a risk as any factor that may adversely impact a project's outcomes, outputs, resources, time, cost or quality. A Gantt chart illustrates time-based activities on a timeline, while the critical path is the longest sequence of dependent tasks in a project with the least slack that determines the minimum project duration.

Uploaded by

Ramya Gowda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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PROJECT ANALYSIS AND IMPLEMENTATION

FAQS
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.

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

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