Definitions

Question 1

Project

Answer 1

A temporary endeavor undertaken to create a unique product, service or result.

Question 2

Project Management

Answer 2

The application of knowledge, skills, tools, and techniques to the project activities required to meet the goals and requirements of the project.

Question 3

Operations

Answer 3

Represent those ongoing and repetitive endeavors that do, not meet the elements of a project.

Question 4

Program

Answer 4

Represents the logical grouping and coordination of projects, programs, and subprograms managed in a coordinated way to obtain on benefits not available from being managed individually.

Question 5

Project Management Office (PMO)

Answer 5

An entity that serves as the central project coordination unit for an organization. The PMO can be referred to as simply the project office, program management office, or program office.

Question 6

Portfolio

Answer 6

A collection of investments held by an organization or an individual.

Question 7

Project Portfolio Management (PPM)

Answer 7

A project management approach that treats groups of components (projects and programs) as organizational investments.

Question 8

Portfolio Management

Answer 8

The act of ensuring that the organization is working on the right things.

Question 9

Scope

Answer 9

Defined objectives; scope is progressively elaborated.

Question 10

Change

Answer 10

Project managers expect change; implement change management, and control processes.

Question 11

Planning

Answer 11

Progressively elaborate high-level information into detailed plans.

Question 12

Management

Answer 12

Manage project team to meet team objectives.

Question 13

Success

Answer 13

Measured by product and project quality, schedule, budget, and customer satisfaction.

Question 14

Monitoring

Answer 14

Monitor/control work of producing products, services, or results of project.

Question 15

Role of PM

Answer 15

Knowledge - what the PM knows about the project management discipline.
Performance - what the PM is able to accomplish while applying project management knowledge.
Personal - the behavior of the PM when conducting project duties such as attitudes, leadership, and personality characteristics.

Question 16

Stakeholder

Answer 16

Groups, persons, or organizations that have a vested interest in the project; can be positively or negatively impacted by the project and can influence the project’s success.

Question 17

Sponsor

Answer 17

Person(s) or organization(s) responsible for providing the financial resources for the project.

Question 18

Deliverable

Answer 18

A unique product, service, or result that is produced as a result of the project’s work.

Question 19

Activities/Tasks

Answer 19

An action or component of work performed during the course of the project to produce a deliverable

Question 20

Milestone

Answer 20

a point in time or event that represents a significant achievement of the project

Question 21

Resources

Answer 21

materials, supplies, services, equipment, tools, finances (e.g., money) and human resources engaged to complete the project.

Question 22

Customer

Answer 22

the person(s) or organization(s) that will use the project’s product, service, or result.

Question 23

Work Package

Answer 23

the lowest level deliverable represented on the WBS.

Question 24

WBS

Answer 24

the Work Breakdown Structure; a deliverable-oriented, hierarchical decomposition of the work to be delivered by the project team in order to accomplish the project objectives.

Question 25

Timeline

Answer 25

a document that serves as the represented schedule of the project.

Question 26

Process

Answer 26

a set of interrelated actions and activities performed to achieve a specified set of products, services, or results

Question 27

Constraint

Answer 27

inherent restriction or limitation that inhibits progress of an action or activity