Chapter 1 - Introducing Project Management

Question 1

Application Areas

Answer 1

The areas of discipline that a project may center upon. Consider technology, law, sales, marketing, and construction, among many others.

Question 2

Business Value

Answer 2

The total value of the tangible and intangible elements of an organization. Consider liquid assets, real estate, equipment, reputation, brand recognition, and trademarks.

Question 3

Controlling PMO

Answer 3

An entity that defines project governance through the project management frameworks, templates, forms, project management activities, and communications. The PMO control is considered moderate.

Question 4

Deliverable

Answer 4

A thing that a project creates; projects generally create many deliverables as part of the project work.

Question 5

Directive PMO

Answer 5

An entity that manages and controls all projects within the organization. The PMO control is considered high.

Question 6

Iron Triangle

Answer 6

A term used to describe the three constraints of every project: time, cost, and scope. The sides of the Iron Triangle must be kept in balance or the quality of the project will suffer.

Question 7

Management by Projects

Answer 7

An organization that uses projects to move the company forward is using the Management by Projects approach. These project-centric entities could manage any level of their work as a project.

Question 8

Operations

Answer 8

The ongoing work of the business; a generic term used to describe the activities that support the core functions of a business entity.

Question 9

Organizational Project Management (OPM)

Answer 9

An organizational approach to coordinate, manage, and control projects, programs, and portfolio management in a uniform, consistent effort.

Question 10

PMBOK Guide

Answer 10

The abbreviated definition for PMI’s A Guide to the Project Management Body of Knowledge.

Question 11

PMP

Answer 11

Your goal. A PMP is certified by the Project Management Institute as a Project Management Professional.

Question 12

Portfolio

Answer 12

A collection of projects and programs that have been selected by the organization based on factors such as risk, profitability, business value, business need, market demand, and other components.

Question 13

Programs

Answer 13

A collection of projects working in unison to realize benefits that could not be achieved by managing each project independently of the others.

Question 14

Progressive Elaboration

Answer 14

The process of starting with a large idea and, through incremental analysis, actions, and planning, making the idea more and more specific. Progressive elaboration is the generally accepted planning process for project management, wherein the project management team starts with a broad scope and works toward a specific, detailed plan.

Question 15

Project

Answer 15

An undertaken outside of normal operations to create a unique product, service, condition, or result. Projects are temporary, while operations are ongoing.

Question 16

Project communications management

Answer 16

One of the ten project management knowledge areas; it is the planning and management of communication among project stakeholders.

Question 17

Project cost Managment

Answer 17

One of the ten project management knowledge areas; it is the estimating, budgeting, and controlling of the project expenses.

Question 18

Project human resource management

Answer 18

One of the ten project management knowledge area; projects are completed by people, and the project manager generally oversees the management of the human resources on the project team.

Question 19

Project integration management

Answer 19

One of the ten project management knowledge areas; this knowledge area coordinates the activities and completeness of the other nine knowledge areas.

Question 20

Project management office (PMO)

Answer 20

Organizes and manages control over all projects within an organization and coordinates all aspects, methodology, and nomenclature for project processes, templates, software, and resource assignment. A PMO also may be known as a program management office, project office, or simply the program office.

Question 21

Project manager

Answer 21

The individual who manages the project’s activities for an organization.

Question 22

Project portfolio Managment

Answer 22

A management process to select the project’s that should invested in. Specifically, it is the selection process based on the need, profitability, and affordability of the proposed projects.

Question 23

Project procurement Managment

Answer 23

One of the ten project management knowledge areas; this knowledge area defines quality assurance, quality control, and the quality policy for the project.

Question 24

Project quality management

Answer 24

One of the ten project management knowledge areas; this knowledge area defines quality assurance, quality control, and the quality policy for the project.

Question 25

Project risk management

Answer 25

One of the ten project management knowledge areas; project risk management defines the risk identification, analysis, responses, and control of risk events.

Question 26

Project scope managment

Answer 26

One of the ten project management knowledge areas; this knowledge area defines the project requirements, scope creation, and control.

Question 27

Project time management

Answer 27

One of the ten project management knowledge areas; this knowledge area defines the approach to time estimating, scheduling, and control of the project activities.

Question 28

Subprojects

Answer 28

Exits under a parent project, but follows its own schedule to completion. Subprojects may be outsourced, assigned tot other project managers, or managed by the parent project manager but with a different project team.

Question 29

Supportive PMO

Answer 29

Acts as a consultative role by offering advice, best practices, lessons learned, forms and software, and project information from similar projects. The PMO control is low.

Question 30

Triple Constraints of Project Management

Answer 30

Describes the required balance of time, cost, and scope for a project. The Triple Constraints of Project Management is also defined by the Iron Triangle of Project Management.

Question 31

Work breakdown structure

Answer 31

The visual decomposition of the project scope. It represents all of the deliverables the project promises to create.