Chapter 1 PMBOK 7th

Question 1

Outcome

Answer 1

An end result of consequence of a process or Project

Question 2

Portfolio

Answer 2

Projects, programs, subsidiary portfolios managed as a group to achieve objectives

Question 3

Product

Answer 3

An artifact that is produced, is quantifiable, it can be either an end item in itself or a component item

Question 4

Program

Answer 4

Related projects, subsidiary programs managed together to get more value

Question 5

Project

Answer 5

A temporary endeavor, to create unique product, service or result. Has beginning and end can be part of a program or portfolio

Question 6

Project Management

Answer 6

The application of knowledge, skills, tools and techniques to project activities to meet project requirements, guiding of the project work to deliver intended outcomes broad range of approaches (predictive, hybrid, and adaptive)

Question 7

Project Manager

Answer 7

The person assigned to lead the project and is responsible for delivering objectives

Question 8

Project Team

Answer 8

A set of Individuals performing the work of the project to achieve its objectives

Question 9

System for Value Delivery

Answer 9

A collection of strategic business activities aimed at building sustaining, and or advancing an organization. Portfolios, programs, projects, products and operations can all be a part

Question 10

Value

Answer 10

The worth, importance or usefulness of something. Different Stakeholders perceive value in different ways