Project Management in IT

What is cost? What is the importance of Project cost Management and explain basic principles of Cost Management.

Q1. The knowledge areas of Project Management Process Group are:
  1. Planning and Initiating
  2. Executing and Closing
  3. Monitoring and Controlling
  4. All of the above
Q2. To create a successful project, a project manager must consider:
  1. All of the above
Q3. Which one of the following is not involved in the top ten skills or competencies of an effective
  1. Technical skills
Q4. Another name of a phase exit is a _______ point.
Q5. Which process group includes activities from each of the nine knowledge areas?
Q6. The project team works together to create the ______.
  1. Scope statement
  2. WBS dictionary
  3. Work package
Q7. __________ is a network diagramming technique used to predict total project duration.
  1. Critical Path Method
Q8. Which of the following is not a key output of project cost management:
  1. A cost estimate
  2. A cost management plan
  3. A cost baseline
  4. None of the above
Q9. CMMI Stands for:
  1. Capability Maturity Model Integration
  2. Complex Maturity Model Integration
  3. Common Maturity Model Information
  4. Capability Maturity Model Information
Q10. A proposal evaluation sheet is an example of:
  1. Earned value analysis
  2. Weighted scoring model
Q11. Define Product Life Cycle.
Q12. What is Project Integration Model?
Q13. Write a note on Gantt charts.
Q14. What is Project Quality Management?

importance of Project cost Management

Case let 1
Q1. What according to you are the factors that can hamper the profit growth related with the
Q2. Mention some strategies to further improve the project’s turnover.
Case let 2
Q1. According to you what are the skills that needed for the project management of an organization?
Q2. How the six sigma project became a helpful tool in very sophisticated kind of project
Q3. What is cost? What is the importance of Project cost Management and explain basic principles of Cost Management.
Q4. Define the following:
  1. Resource Histograms
  2. Project Communication Management

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