Intro to Project Management
Define project management. (looking for specific words to define this)
process of planning, organizing, and managing resources to achieve a specific goal within a defined timeframe and budget.
Planning
True or False: A budget is the actual cost of a project.
False. It is an estimate.
This part of the acronym focuses on goals having a deadline - that urgency will keep you focused and motivated.
Time-bound.
When do we use project management?
This stage involves wrapping up and reflecting.
Closing.
What is the cost required for something; the money spent on something?
Expense
This part of the acronym focuses on your goals being grounded in reality and your available resources efficiently.
Achievable.
Give an example of where you have used project management in your life.
This stage outlines the goals of your project.
Initiating
What do we call costs that do not change regardless of project size (e.g., rent, insurance).
Fixed costs.
This part of the acronym focuses on your goals to be Laser-focused and crystal clear.
Specific.
What does KPI stand for and why are these important in a project?
Key Performance Indicators and they act as a benchmark to make sure that your project is on the right track.
Executing.
What do we call repeating costs over the project’s duration (e.g., weekly advertising fees).
Ongoing costs.
This part of the acronym sets targets you can track and quantify - that way you'll know when you've succeeded.
Measurable.
Describe two potential risks that might arise during a project and suggest ways to mitigate them.
various answers
This stage involves keeping track and overcoming obstacles.
Monitoring.
What do we call costs that change depending on the project size or scope (e.g., materials, labor)
Variable costs.
This part of the acronym focuses on your goals aligning with your overall vision and priorities - stay on target.
Relevant.