01) Project Management Framework

Question 0

What is operational work?

Answer 0

Ongoing work to support the business and systems of the organization

Question 1

What is the definition of a project?

Answer 1

Temporary Creates a unique product, service, or result

Question 2

What is the definition of a program?

Answer 2

Program: A group of interrelated projects, managed in a coordinated way

Question 3

What is the definition of a portfolio?

Answer 3

Portfolio: A group of programs, individual projects, and related operational work to achieve a specific strategic business goal

Question 4

What is organizational project management (OPM)?

Answer 4

A framework for keeping the organization focused on its overall strategy

Question 5

What are the benefits of organizational project management (OPM)?

Answer 5

Provides direction for how portfolios, programs, projects, and other organizational work should be prioritized, managed, executed, and measured to best achieve the firm’s strategic goals

Question 6

What is OPM3?

Answer 6

A PMI model designed to help organizations determine their level of maturity in project management

Question 7

What is a project management office (PMO)?

Answer 7

A department that centralizes and standardizes the management of projects

Question 8

What are three possible formats for a PMO?

Answer 8

• Supportive - Controlling - Directive

Question 9

What are project constraints?

Answer 9

• Time - Cost - Risk - Scope - Quality - Resources - Customer satisfaction Constraints are used to help evaluate competing demands

Question 10

Who are project stakeholders?

Answer 10

Anyone whose interests may be positively or negatively impacted by the project, including: - Project Manager - Customer - Sponsor - Performing organization - Other departments or groups within the organization - Team members - Team members’ functional or operational managers - Sellers - Funding sources - End users - PMO a

Question 11

What are three primary forms of organizational structure?

Answer 11

• Functional - Projectized - Matrix

Question 12

What is a functional organization?

Answer 12

The organization is grouped by areas of specialization (e.g., accounting, marketing)

Question 13

What is a projectized organization?

Answer 13

• The organization is grouped by project - The team has no department to go to at project end - The project manager has total control of the resources

Question 14

What is a matrix organization?

Answer 14

A blend of functional and projectized organization where the team members have two bosses (the project manager and functional manager)

Question 15

What is a strong matrix organization?

Answer 15

A matrix organization where the balance of power rests with the project manager instead of functional manager

Question 16

What is a weak matrix organization?

Answer 16

A matrix organization where the balance of power rests with the functional manager instead of the project manager

Question 17

What role might the project manager play in a weak matrix?

Answer 17

A project expediter or project coordinator

Question 18

What is a balanced matrix organization?

Answer 18

A matrix organization where power is equally balanced between the project manager and the functional manager

Question 19

What is a project-based organization?

Answer 19

A temporary framework for projects created to circumvent any obstacles inherent in the organization’s existing structure (whether functional, projectized, or matrix)

Question 20

What are enterprise environmental factors?

Answer 20

The organization’s culture and existing systems that the project will have to deal with or can make use of

Question 21

When are enterprise environmental factors used?

Answer 21

They are used throughout the project management process

Question 22

What are organizational process assets?

Answer 22

• Company processes and procedures - Historical information - Lessons learned

Question 23

When are organizational process assets used?

Answer 23

They are used throughout the project management process

Question 24

What is historical information?

Answer 24

• Records of past projects, including lessons learned, used to plan and manage future projects - Records of the current project that will become part of organizational process assets

Question 25

What is a project management information system?

Answer 25

The automated system to submit and track changes and monitor and control project activities

Question 26

What do lessons learned describe?

Answer 26

What went right, what went wrong, and what would be done differently if the project could be redone

Question 27

How are lessons learned used?

Answer 27

• Used in planning the project - Used by other projects in the future

Question 28

What is work performance data?

Answer 28

Measurements and details about activities gathered during project work (executing)

Question 29

What is work performance information?

Answer 29

Work performance data analyzed to make sure it conforms to the project management plan and to assess what it means for the project as a whole

Question 30

What are work performance reports?

Answer 30

Work performance information organized into reports that are distributed to the stakeholders

Question 31

What is a product life cycle?

Answer 31

The cycle of a product’s life from conception to withdrawal from the marketplace

Question 32

What is a project life cycle?

Answer 32

• What you need to do to COMPLETE the work (produce the deliverables of the project) - It varies by type of product, industry, and the organization’s preferences

Question 33

Describe a plan-driven project

Answer 33

Has a predictive life cycle is which scope, schedule, and cost are determined in detail early in the life of the project, before the work begins to produce the project deliverables

Question 34

Describe a change-driven project

Answer 34

• Uses iterative, incremental, or adaptive (agile) life cycles - Has varying levels of early planning for scope, schedule, and cost