Chapter 1 - Understanding the Project Environment

Question 1

What is a Project

Answer 1

Temporary task to create something unique (writing a book)

Question 2

What is the Project Life Cycle

Answer 2

The different phases a project goes through

Question 3

What are Programs

Answer 3

A group of projects that share a objective

Question 4

What are Project Portfolios

Answer 4

A collection of project initiatives selected to perform in order to achieve a strategic objective

Question 5

What are Operations

Answer 5

Not temporary and not unique (print and distribution of a book)

Question 6

What is Project Management

Answer 6

Application of skills, knowledge, techniques to execute a project effectively and efficiently

Question 7

Order of phases in the Project Life Cycle

Answer 7

Initiating->Planning->Executing->Closing

Question 8

What is a Process

Answer 8

A series of actions directed to a goal

Question 9

What is PLC

Answer 9

Project Life Cycle

Question 10

What is PMI

Answer 10

Project Management Institute

Question 11

What are the 5 Process Groups defined by the Project Management Institute?

Answer 11

Initiating Group,
Planning Group,
Executing Group,
Monitoring and Controlling Group,
Closing Group

Question 12

What phase does the Initiating Process Group appear in?

Answer 12

Initiating Phase

Question 13

What phase does the Planning Process Group appear in?

Answer 13

Planning Phase

Question 14

What phase does the Executing Process Group appear in?

Answer 14

Executing Phase

Question 15

What phase does the Monitoring and Controlling Process Group appear in?

Answer 15

All phases (most frequently in Executing Phase)

Question 16

What phase does the Closing Process Group appear in?

Answer 16

Closing Phase

Question 17

Who is a key stakeholder in every project?

Answer 17

The Project Sponsor

Question 18

What is the role of the Project Sponsor? (3 major things)

Answer 18

• Provides funding for the project
• Provides overall direction for the project
• Provides approval for project plans and deliverables

Question 19

What does the Project Sponsor not do?

Answer 19

Manage the project - he is not the Project Manager

Question 20

What is PM?

Answer 20

Project Manager

Question 21

List the 3 major and 3 sub Project Constraints

Answer 21

• Scope, Cost, Time (major)

- Risk, Resources, Quality (sub)

Question 22

Who manages a project portfolio?

Answer 22

Portfolio Manager

Question 23

Who manages a program and what do they do?

Answer 23

Program Manager, directs project manager of each project in the program

Question 24

What are Project Stakeholders?

Answer 24

Individuals, groups, organizations involved or impacted by the project