3 - Business Environment Terminology

Question 1

Adaptive Life Cycle

Answer 1

The progression of project phases characterized by a willingness to embrace change and involving significant stakeholder interaction with a focus on the incremental release of work, typically every 2-4 weeks

Uses fixed time and resources.

Also called AGILE.

Question 2

Application Area

Answer 2

A category of projects that have common components, often categorized as technology projects, customer projects, or industry projects.

Question 3

Closing Process Group

Answer 3

The group of activities associated with concluding the project or phase.

Question 4

Closing Processes

Answer 4

Activities during which formal acceptance and completion procedures are attained from either a phase or the project itself.

Question 5

Enterprise

Answer 5

A company, business, or other formal structure that encompasses a business function.

Question 6

Execute

Answer 6

Perform the tasks of the project management plan, create the project deliverables, and generate work performance information.

Question 7

Executing Process Group

(3rd Process Group)

Answer 7

The processes performed to achieve the work detailed in the project management plan in order to meet the requirements delineated in the project specifications per the work identified in the project management plan.

Question 8

Goods

Answer 8

Products that have been created and are available for purchase.

Question 9

Incremental Life Cycle

Answer 9

The progression of project phases characterized by an early determination of scope, the adjustment of schedule and cost estimates as the team learns more about the product, and an increase in functionality resulting from incremental delivery.

Question 10

Initiating Process Group

(1st Process Group)

Question 11

Input

Answer 11

Any internal or external item that is required before a process can continue; it can also be an output from a predecessor process.

Question 12

Iterative Life Cycle

Answer 12

The progression of project phases characterized by the development of scope details one iteration at a time, the adjustment of schedule and cost estimates as the team learns more about the product, and an increase in functionality resulting from iterative development.

Question 13

Management by Projects

Answer 13

Performing day-to-day operations by a project management approach.

Question 14

Material

Answer 14

Any materials used on a project; examples include equipment, tools, machinery, and supplies.

Question 15

Methodology

Answer 15

A body of rules, practices, processes, and techniques employed within a field.

Question 16

Monitor

Answer 16

Accrue project data for comparison to project plans, produce performance measures, and report project information.

Question 17

Monitor & Control Project Work

Answer 17

The process of monitoring, evaluating, and governing performance progress as detailed in accordance with the project management plan.

Question 18

Monitoring & Controlling
Process Group

(4th Process Group)

Answer 18

The processes required to monitor, evaluate, and govern performance progress in accordance with the project management plan and to effect and record any necessary modification of the project management plan.

Question 19

Output

Answer 19

A product, service, or result created by a process; could also be an input to another process.

Question 20

Phase Gate

Answer 20

A review which is conducted at the end of a phase to decide if the project should continue to the next phase, if the project should continue to the next phase with modification, or if the project or program should be terminated.

Question 21

Planning Process Group

(2nd Process Group)

Answer 21

The processes required to create the management and other planning documents that comprise the project management plan.

Question 22

Policy

Answer 22

A course of action adopted by an organization to facilitate operational and project work.

Question 23

Portfolio

Answer 23

The projects, programs, and other work that comprise the portfolio and are managed in a coordinated manner to accomplish strategic goals.

Question 24

Portfolio Management

Answer 24

The coordinated management of the projects, programs, and other work that comprise the portfolio for the purpose of accomplishing strategic goals.

Question 25

Practice

Answer 25

A professional or management activity that feeds the execution of a process that may use one or more tools or techniques.

Question 26

Predictive Life Cycle

Answer 26

A life cycle that determines project scope, schedule, and cost during the early phases of the life cycle.

Question 27

Process

Answer 27

An ordered series of activities executed to create a product, result, service or output.

Question 28

Program

Answer 28

A group of related projects, subprograms, and program activities administered in a coordinated manner in order to realize benefits that would not be available if administered separately.

Question 29

Program Management

Answer 29

The exercise of knowledge, expertise, tools and techniques to meet program requirements and to realize the benefits and control only available when the component projects are administered under the program.

Question 30

Progressive Elaboration

Answer 30

The iterative process of increasing the level of detail in accordance with the increase in information discovery and estimation accuracy.

Question 31

Project

Answer 31

A temporary undertaking to produce a unique product, service or result.

Question 32

Project Governance

Answer 32

The alignment of project goals with the strategy established by the organization, the project sponsor, and team; must fit within the organizational governance, but is separate from that organizational governance.

Question 33

Project Initiation

Answer 33

The process that can result in project authorization.

Question 34

Project Life Cycle

Answer 34

The phases, from initiation through closure, of a project associated with the work of the project, as opposed to being associated with its project management.

Question 35

Project Management

Answer 35

The exercise of knowledge, expertise, and the tools & techniques to meet project requirements.

Question 36

Project Management
Body of Knowledge

Answer 36

The total knowledge contained within the project management profession including its practices, both customary and groundbreaking, whether published or non-published.

Question 37

Project Management
Knowledge Area

Answer 37

A recognized project management area that is qualified by its component practices, processes, inputs, outputs, tools and techniques and is delineated by its knowledge requisites.

Question 38

Project Management
Process Group

Answer 38

The aggregation of the processes, along with their inputs, tools and techniques, and outputs that make up project management including initiating, planning, executing, monitoring and controlling, and closing.

Question 39

Project Management
System

Answer 39

An organized approach management that can include processes, procedures, tools, techniques, methodologies, and resources.

Can be used by the project manager or the organization.

Question 40

Project Phase

Answer 40

An aggregation of logically related activities that results in the completion of a deliverable or deliverables.

Question 41

Regulation

Answer 41

A requirement of local, state or federal government that can mandate product, process or service characteristics including any applicable administrative provisions.

Question 42

Service

Answer 42

Work performed without resulting in a physical product.

Question 43

Standard

Answer 43

An established norm or requirement.

Question 44

Subphase

Answer 44

A division of a phase of a project.

Question 45

Subproject

Answer 45

A portion of the overall proejct that is established when the project is subdivided into components that are more easily managed.

Question 46

Tailoring

Answer 46

The determination of the conglomeration of processes, inputs, tools, techniques, outputs, and life cycle phases appropriate to the management of a project.

Question 47

Technique

Answer 47

A procedure, that may employ one or more tools, exercises by a resource to complete project activities.

Question 48

Templates

Answer 48

A partially completed instrument that provides the desired format for the assemblage, ordering and presentation of data and information.

Question 49

Tool

Answer 49

A device used during the performance of an activity to produce a result or product.

Templates, Software Programs and Models are all tools.