Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP Training > Business Environment > Flashcards

Business Environment Flashcards

1
Q

What are the four governance domains?

A

(PARC)
Performance
Alignment
Risk
Communications

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Alignment

A

to create and maintain overall integrated governance structure and framework

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Performance

A

process to align KPI’s with realization of business values

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Risk

A

manage threats and opportunities to balance risk and reward

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Communications

A

exchange information, engage stakeholders, drive organizational change

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What are the four governance functions?

A

(ODIC)
Oversight
Decision making
Integration
Control

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Oversight

A

guidance, direction and leadership

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Decision-making

A

structure and delegation of authority

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Integration

A

strategic alignment of programs and projects

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Control

A

monitoring, measuring and reporting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What are the four steps to implement governance framework?

A

Assess - Plan - Implement - Improve

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Assess

A

review and analyze the current state of governance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Plan

A

to plan for the desired future state of governance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Implement

A

execute the governance plan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Improve

A

review the state of governance and identify improvement opportunities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Organizational Project Management (OPM)

A

a strategy framework that accommodates the alignment of project, program, and portfolio management practices with organizational strategy and goals.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Strategic (Long Term) Planning

A

planning for the products or services the organization will need in the future.

18
Q

Relationships Among Portfolios, Programs & Projects

A

Portfolio components align with company strategic goals and priorities and relates programs and projects.
Project - Program - Portfolio

19
Q

Portfolio Management

A

align resources and assets to achieve strategic goals
Focuses on doing the right work vs. doing the work right (Project Management)

20
Q

Portfolio

A

Group of programs and projects that align with company strategic goals (ex. multimedia company)

21
Q

Program Management

A

coordinates projects within the program

22
Q

Program

A

controls a group of multiple, interrelated projects
program delivers benefits;
projects deliver results, products, services

23
Q

Benefits Management

A

establishes program value and impact
identifies benefits between projects in programs
SMART benefits
analyzes change request impact
assigns responsibility and accountability of benefits

24
Q

Benefits Management Plan

A

Project document created with business case to determine project charter

25
Q

Project Influences

A

Enterprise environmental factors
organizational process assets

26
Q

Project Management

A

applying info, skills, tools and techniques to project

27
Q

Project Management System

A

process used to manage project

28
Q

Project Management Life Cycle (PMLC)

A

Project management of the project; includes the five processes (I, P, E, M&C, C)

29
Q

Project Life Cycle

A

Work of project; includes project work processes

30
Q

Product Life Cycle

A

overall life of project from in service to closure/divestiture

31
Q

Project

A

temporary initiative to create business value
specific purpose
unique result,
drives organizational change
has a definite start/finish

32
Q

Operations Management

A

manage day-to-day activities
direct planning, execution and M&C of work

33
Q

Project Management Office (PMO)

A

standardizes project governance; simplifies sharing of resources

34
Q

PMO Approach

A

Directive - directly manages projects
Controlling - provides support and requires compliance
Supportive - provides PM templates, best practices and lessons learned

35
Q

Triple Constraint

A

scope - schedule - cost - quality

36
Q

scope

A

description of project result

37
Q

schedule

A

amount of time needed to deliver project

38
Q

cost

A

amount of money needed to deliver project result

39
Q

Enhanced triple constraint

A

includes risks and resources

40
Q

Five Main Process Groups

A

Initiating, Planning, Executing, Monitoring and Controlling, Closing

PMP Training (8 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions