Which statement best defines project management?

Question $1$ options:

It is a systematic method for elimination of waste within a manufacturing system.

It is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements.

It is the organization's process of defining its strategy or direction, and making decisions on allocating its resources to pursue this strategy.

A company's first stage in its operations as it attempts to capitalize on developing a product or service for which they believe there is a demand.

Question $2($Mandatory$)(1$ point$)$

Which statement best defines a project?

Question $2$ options:

A project summarizes an organization's normal operating procedures.

Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project.

A temporary endeavor undertaken to create a unique product, service, or result.

An artifact that is produced, is quantifiable, and can be either an end item in itself or a component item.

Question $3($Mandatory$)(1$ point$)$

Select which statement best describes a project manager:

Question $3$ options:

A person who provides resources and support for a project, program or portfolio.

A person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.

Someone who conducts research into the feasibility of potential new products.

The highest$-$ranking person in a company or institution ultimately responsible for making managerial decisions.

Question $4($Mandatory$)(1$ point$)$

Which of the following would be an example of a project?

Question $4$ options:

Designing a new type of vehicle.

A real estate agent selling houses.

Providing building maintenance services in a high$-$rise apartment building?

Running a professional farm

Question $5($Mandatory$)(1$ point$)$

Which one of the following is true?

Question $5$ options:

Traditionally the project management knowledge areas that were studied focused primarily on budgeting and scheduling $($on$-$time and on$-$budget$).$

A project management office $($PMO$)$ is where the project manager works.

The triple constraint refers to: $(1)$ workers' skills, $(2)$ workers' experience, and $(3)$ workers' willingness to work.

A project has a lifecycle.