1. Introduction to Project Management

Question 1

Define Tailoring

Answer 1

Determining the appropriate combination of processes, inputs, tools, techniques, outputs and life cycle phases to fit the needs of a project

Question 2

The standard and guide are not prescriptive, it is _____.

Answer 2

Descriptive

Question 3

The standard identifies the process that are considered _____ practices on _____ project, _____ time.

Answer 3

good, most, most

Question 4

Define Project

Answer 4

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

Question 5

Four fundamental Project Initiators

Answer 5

1. Meet regulatory, legal, or social requirements
2. Satisfy stakeholder requests or needs
3. Implement or change business or technological strategies
4. Create, improve, or fix products, processes, or services.

Question 6

Define Project Management

Answer 6

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

Question 7

Explain the relationship among project, program, portfolio, and operational management

Answer 7

-Portfolio management aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing work, and providing the needed resources (Doing the “right” programs/projects)
-Program management harmonizes its program components and controls interdependences in order to realize specific benefits (Done the “right” way)
-Project Management enables the achievement of organizational goals and objects

Question 8

Define Program Management

Answer 8

The application of knowledge, skills, and principles to a program to achieve the program objectives and to obtain benefits and control not available by managing program components individually.

Question 9

Define Portfolio Management

Answer 9

Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic adjectives. Portfolio management confirms that portfolio is consistent with and aligned with organizational strategies.

Question 10

Define Operations Management

Answer 10

Is concerned with the ongoing production of goods and/or services.

Question 11

Define Organizational Project Management (OPM)

Answer 11

A framework in which a portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives.

Question 12

Define Project Life Cycle

Answer 12

The series of phases that a project passes through from its start to its completion

Question 13

Define Project Phase

Answer 13

A collection of logically related project activities that culminates in the completion of one or more deliverables

Question 14

Define Phase Gate

Answer 14

A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a program or project

Question 15

Define Project Management Processes

Answer 15

A systematic series of activities directed toward causing an end results where one or more inputs will be acted upon to create one or more outputs

Question 16

Define Project Management Process Groups

Answer 16

A logical grouping of project management inputs, tools and techniques, and outs

Question 17

What are the 5 project management process groups?

Answer 17

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

Question 18

Define Project Management Knowledge Area

Answer 18

An identified area of project management defined by its knowledge requirments and described in terms of its component processes, practices, inputs, outputs, tools, and techniques

Question 19

Developmental life cycles can be:

Answer 19

Predictive, Iterative, incremental, adaptive, or hybrid

Question 20

What are the 10 Knowledge Areas identified in the guide?

Answer 20

All are Project _____ Management
1. Integration
2. Scope
3. Schedule
4. Cost
5. Quality
6. Resource
7. Communications
8. Risk
9. Procurement
10. Stakeholder

Question 21

Define Project Business Case

Answer 21

-A documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities
-Business needs, Analysis of Situation, Recommendation, Evaluation

Question 22

Define Project Benefits Management

Answer 22

The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project

Question 23

Define Project Management Plan

Answer 23

A document that describes how the project will be executed, monitored, and controlled

Question 24

What have traditionally been the most important factors in defining the success of a project?

Answer 24

Time, Cost, Scope, and Quality