True .I' False Questions [.5 points each}: 1. 1D. 11. 12. 14. The 5 project constraints to take into account when balancing and re'bala ncing a project plan are Schedule. Cost. Scope. Resources. Quality and Risk. A Product Life Cycle consists of Starting, Organizing. Carrying out the Work and Closing. Project Management is the application of knowledge. skills. tools and techniques to project activities to meet the project requirements. All project stakeholders within the organization should be treated equally. A functional organizational structure is one in which the PM has little or no authority. The competitive landscape. customer requirements and expectations. and PM competencies are typically the primary inuencers in selection of PM tools and techniques to employ. A SWCIT analysis is conducted using a 1x}: matrix [listing organizational Strengths. Weaknesses. CIpportunities, Threats] to facilitate strategic planning and developing priority initiatives. A Project Business Case typically justies a project gosahead decision. articulates the business benets assumed and provides the key product and project requirements to he met. The project' s detailed scope of work is the primary item driving the project planning process. The task interdependencies and automated critical path generation capability of an Integrated Master Scheduling tool are two of its major benets over the use of Garrtt charts. The project sponsor typically assumes that the PM and team determines all the project scope for estimating cost and schedule. and assessing risk. The key risk management steps are; Planning Risk Management; Identifying risks; Analyzing risks; Responding to risks; Implementing risk Responses and Controlling risks. . The primary reason that Interviewing and Expert Judgment is used more prevalently than Modelling and Simulation is that Modelling and Simulation usually provides less accurate overall project risk results. The overall project schedule derived from Modelling and Simulation typically shows that the deterministic IMS Critical Path is usually more conservative lhrs. more optimistic} than thought