1. Introduction

Question 1

Why do you do a project?

Answer 1

To fulfill objectives by producing deliverables

Question 2

What is portfolio management?

Answer 2

Aligns portfolios with ✔organizational strategies by selecting the ✔right program or projects, ✔prioritizing the work, and providing the needed ✔resources.

Question 3

What is program management?

Answer 3

Harmonizes program components and ✔controls interdependencies in order to ✔realize specified benefits

Question 4

What is project management?

Answer 4

Enables achievements of ✔organizational goals and objectives

Question 5

What is a project life cycle?

Answer 5

The ✔series of phases that a project passes through from its start to its completion. It provides the ✔basic framework for managing the project. The phases may be ✔sequential, ✔iterative or ✔overlapping.

Question 6

What are project management processes?

Answer 6

A series of ✔project management activities that manages the project life cycle

Question 7

How many knowledge areas are in the initiating process group?

Answer 7

2
Develop project charter
Identify stakeholders

Question 8

How many knowledge areas are in the planning process group?

Answer 8

24

Question 9

How many knowledge areas are in the executing process group?

Answer 9

10

Question 10

How many knowledge areas are in the monitoring and controlling process group?

Answer 10

12

Question 11

How many knowledge areas are in the closing process group?

Answer 11

1

close project or phase

Question 12

How many knowledge areas are there total for all the project management process groups?

Answer 12

49

Question 13

What is work performance data?

Answer 13

The ✔raw observations and measurements identified during activities performed to carry out the project work

Question 14

What is work performance information?

Answer 14

The ✔performance data collected from various controlling processes, ✔analyzed in context and ✔integrated based on relationships across areas.

Question 15

What is the project benefits management plan?

Answer 15

The document that describes ✔how and when the benefits of the project will be delivered and describes the ✔mechanisms that should be in place to measure those benefits.

Question 16

What are the project benefits management plan key elements

Answer 16

1) Target benefits
2) Strategic alignment
3) Timeframe for realizing benefits
4) Benefits owner
5) Metrics
6) Assumptions
7) Risks

Question 17

What are target benefits?

Answer 17

The expected ✔tangible and ✔intangible value to be gained by the implementation of the project; financial value is expressed as net present value

Question 18

What are strategic benefits?

Answer 18

How well the project benefits align to the business ✔strategies of the organization

Question 19

What are options for the timeframe for realizing benefits?

Answer 19

Example include:

1) benefits by phase
2) short term
3) long term
4) ongoing

Question 20

Who is the benefits owner?

Answer 20

The accountable person to ✔monitor, ✔record and ✔report realized benefits throughout the timeframe established in the plan

Question 21

What are metrics in the benefits management plan?

Answer 21

The measures to be used to ✔show the benefit realized, direct measures and indirect measures

Question 22

What are assumptions in the benefits management plan?

Answer 22

Factors expected to be in place or to be in evidence

Question 23

What are risks in the benefits management plan?

Answer 23

Risks for realization of benefits