Ch 1

Question 1

Work Performance Reports

Answer 1

The formatted communication of work performance information. Reports communicate what’s happening in the project through status reports, memos, dashboards or other modalities

Question 2

Work Performance Information

Answer 2

The processed and analyzed data that will help the project manager make project decisions

Question 3

Work Performance Data

Answer 3

Raw data, observations and measurements about project components. Gathered and stored int he project management information system.

Question 4

Triple Constraints of Project Mangement

Answer 4

AKA Iron Triangle - This theory poses that time, cost and scope are 3 constraints that every project has

Question 5

Subprojects

Answer 5

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

Question 6

Project Portfolio Management
(a senior management process)

Answer 6

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

Question 7

Project Management Office (PMO)

Answer 7

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

Question 8

Project Lifecycle

Answer 8

The phases that make up the project. Project lifecycles are unique to the type of work being performed and are not universal to all projects.

Question 9

Project Environment

Answer 9

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

Question 10

Project Business case

Answer 10

Created and maintained by the the project sponsor and shows the financial validity of why a project is chartered and launched within the organization. Typically, the project business case is created before the launch of the project and may be used as a go/no-go decision point.

Question 11

Project benefits management plan

Answer 11

A document created and maintained by the project sponsor and the project manager. The project benefits management plan defines what benefits the project will create, when the benefits will be realized and how the benefits with be measured.

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

Application Areas

Answer 13

The areas of expertise, industry, or function where a project is centered, Examples: architecture, IT, healthcare and manufacturing

Question 14

Business Value

Answer 14

A quantifiable return on investment. The return can be tangible, such as equipment, money or market share. The return can also be intangible, such as brand recognition, trademarks and reputation.

Question 15

Cultural and Social Environment

Answer 15

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

Question 16

Deliverable

Answer 16

A producet, service, or result created by a project. Projects can have multple deliverables.

Question 17

General Managment Skills

Answer 17

These include the application of accounting, procurement, sale s and marketing, contracting, manufacturing logistics, strategic planning. human resource management, standards and regulation and information technology.

Question 18

International and political envirment

Answer 18

The consideration of the local and international laws, lanaguages, communication challenges, time zone differences, and other non-collocated issues that affect project’s ability toprogress.

Question 19

Interpersonal Skills

Answer 19

The abaility to interact, lead, motivate and manage people

Question 20

Iron Triangle of Project Management

Answer 20

A triangle with the characteristics of time, cost and scope. Time, cost scope each constitue 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 Managment is also known as the Triple COnstraints of Project Managment, as all procets are constrained by time cost and scope.

Question 21

Physical Environment

Answer 21

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

Question 22

Process Groups

Answer 22

A collection of related processes in project managemnt. THere ar 5 process groups and 49 project management processes. The 5 rpocess groups are initiating, planning, executing, monitoring and controlling and closing.

Question 23

Program

Answer 23

A collection of related projects working in unison tlward a common deliverable.

Question 24

Progressive Elaboration

Answer 24

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.