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Question 1

What is a project?

Answer 1

A temporary endeavour to create a unique product, service or result

Question 2

What is a product

Answer 2

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

Question 3

What is a program?

Answer 3

Related products subsidiary programs and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually

Question 4

What is project management?

Answer 4

The application of knowledge skills tools and techniques ensuring project activities meet the project requirements

Question 5

What do project managers do?

Answer 5

They are assigned by the performing organization to lead the project team that is responsible for achieving the project objectives,
This is dependent on their organizational structure and methodology their title level of influence or approach

Question 6

What is an MOV

Answer 6

Measurable Organizational Value –> goal/main objective of a project. An alignment of the projects vision, mission and strategy. Includes a definition of success
1. be measurable
2. Provide value
3. Be agreed upon
4. Be verifiable

Question 7

Vision statement

Answer 7

Purpose of your organization

Question 8

Mission statement

Answer 8

What you do, why, how and for whom it is for

Question 9

Strategy of a project

Answer 9

The steps being taken to succeed

Question 10

IT value chain

Answer 10

MOV -> supports -> Organizational strategy which -> supports -> organizational vision and mission. These drive each other in the other direction