All-In-One Chapter 1 - Preparing for the Exam

Question 1

A Guide to the Project Management Body of Knowledge (PMBOK)

Answer 1

the PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book

Question 2

Application areas

Answer 2

the areas of expertise, industry, or function where a project is centered

Question 3

Cultural and social environment

Answer 3

defines how a project affects people and how those people may affect the project. Cultural and social environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project

Question 4

Deliverable

Answer 4

a product, service, or result created by a project. Projects can have multiple deliverables

Question 5

General management skills

Answer 5

these include the application of accounting, procurement, sales, and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology

Question 6

International and political environment

Answer 6

the consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-colocated issues that affect a project’s ability to progress

Question 7

Iron triangle of project management

Answer 7

a triangle with the characteristics of time, cost and scope. Time, cost and scope each constitute one side of the triangle; if any side of the Iron Triangle is not in balance with the other sides, the project will suffer. The Iron Triangle of project management is also known as the Triple constraints of project management, as all projects are constrained by time, cost and scope

Question 8

Interpersonal skills

Answer 8

the ability to interact, lead, motivate and manage people

Question 9

Physical environment

Answer 9

the physical structure and surroundings that affect a project’s work

Question 10

Program

Answer 10

a collection of related projects working in unison toward a common deliverable

Question 11

Progressive elaboration

Answer 11

the process of gathering project details. this process uses deductive reasoning, logic, and a series of information-gathering techniques to identify details about a project, product or solution

Question 12

Project

Answer 12

a temporary endeavor to create a unique product, service or result. The end result of a project is also called a deliverable

Question 13

Project environment

Answer 13

the location and culture of the environment where the project work will reside. The project environment includes the social, economic and environmental variables the project must work with or around

Question 14

Project Management Office (PMO)

Answer 14

a central office that oversees all projects within an organization or within a functional department. A PMO supports the project manager through software, training, templates, policies, communication, dispute resolution, and other services

Question 15

Project portfolio management

Answer 15

the management and selection of projects that support an organization’s vision and mission. It is a balance of project priority, risk, reward and return on investment. This is a senior management process

Question 16

Subprojects

Answer 16

a smaller project managed within a larger, parent project. Subprojects are often contracted work whose deliverable allows the larger project to progress

Question 17

Triple Constraints of Project Management

Answer 17

also known as the Iron Triangle of Project Management. this theory posits that time, cost and scope are three constraints every project has