Ch 1

Question 1

a TEMPORARY endeavor undertaken to create a UNIQUE product, service, or result

Answer 1

project

Question 2

a group of related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually

Answer 2

program

Question 3

a collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives

Answer 3

portfolio

Question 4

the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements

Answer 4

project management

Question 5

the CENTRALIZED management of one or more portfolios to achieve strategic objectives

Answer 5

portfolio management

Question 6

the benefit derived from projects for a business venture (AKA the sum of tangible + intangible elements)

Answer 6

business value

Question 7

(5) benefits of project management

Answer 7

1. meet business objectives and goals
2. address stakeholder needs and expectations
3. resolve issues sooner
4. be more successful
5. become more adaptive

Question 8

(6) tangible elements (benefits)

Answer 8

1. monetary assets
2. fixtures
3. stockholder equity
4. utilities
5. buildings
6. equipment

Question 9

(6) intangible elements (benefits)

Answer 9

1. goodwill
2. reputation
3. brand recognition
4. public benefit
5. trademarks
6. strategic alignment