1 - Introduction

Question 1

What term refers to projects, programs, sub-portfolios, and operations managed as a group to achieve strategic objectives?

Answer 1

A portfolio

01.2.1 The Relationships Among Portfolios, Programs, and Projects

Question 2

Name the five process groups.

Answer 2

1. Initiating
2. Planning
3. Executing
4. Monitoring + Controlling
5. Closing

01.3 What is Project Management?

Question 3

Name the six competing project constraints.

Answer 3

1. Scope
2. Quality
3. Schedule
4. Budget
5. Resources
6. Risks

01.3 What is Project Management?

Question 4

What is the application of knowledge, skills, tools, and techniques to a program in order to meet the program requirements and to obtain benefits and control not available by managing projects individually?

Answer 4

Program Management

01.3 What is Project Management?

Question 5

What is a strategy execution framework utilizing project, program, and portfolio management as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing better performance, better results, and a sustainable competitive advantage?

Answer 5

Organizational Project Management [OPM]

01.4 Relationships Among Portfolio Management, Program Management, Project Management, and Organizational Project Management

Question 6

What are eight strategic considerations for authorizing a project?

Answer 6

1. Market Demand
2. Strategic Opportunity
3. Business Need
4. Social Need
5. Environmental Consideration
6. Customer Request
7. Technological Advance
8. Legal Requirement

01.4.3 Projects and Strategic Planning

Question 7

What kind of structure provides a consultative role to projects by supplying templates, best practices, training, access to information and lessons learned from other projects? It has a LOW degree of control.

Answer 7

A supportive PMO

01.4.4 Project Management Office

Question 8

What kind of structures provide support and require compliance through various means. Compliance may involve adopting project management frameworks or methodologies, using specific templates, forms and tools, or conformance to governance? The degree of control provided by this PMO is MODERATE.

Answer 8

Controlling PMO

01.4.4 Project Management Office

Question 9

What kind of structure takes control of the projects by directly managing the projects? The degree of control provided by the PMO is HIGH.

Answer 9

Directive PMO

01.4.4 Project Management Office

Question 10

What is a structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques?

Answer 10

A Project Management Office [PMO]

01.4.4 Project Management Office

Question 11

What is the difference between project management and operations management?

Answer 11

Projects require project management activities and skill sets, while operations require business process management, operations management activities, and skill sets. Projects exist to support organizational strategies.

01.5 Relationship Between Project Management, Operations Management, and Organizational Strategy

Question 12

What are organizational forms that create temporary systems for carrying out their work?

Answer 12

Project Based Organizations [PBOs]

01.5.2.1 Project-Based Organizations

Question 13

What are the three competencies of a project manager?

Answer 13

1. Knowledge
2. Performance
3. Personal

01.7.1 Responsibilities and Competencies of the Project Manager