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 project activities to meet the project requirements

Question 3

Program:

Answer 3

A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually.

Question 4

Portfolio:

Answer 4

Projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives

Question 5

Process:

Answer 5

A systematic series of activities directed towards causing an end result such that one or more inputs will be acted upon to create one or more outputs.

Question 6

Organizational Project Management: (OPM):

Answer 6

A strategy execution framework utilizing project, program, and portfolio management as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing better performance, better results, and a sustainable competitive advantage

Question 7

Progressive Elaboration:

Answer 7

The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.

Question 8

Stakeholder:

Answer 8

An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project

Question 9

Sponsor:

Answer 9

A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success

Question 10

PMO:

Answer 10

An organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques

Question 11

Functional Manager:

Answer 11

Someone with management authority over an organizational unit within a functional organization. The manager of any group that actually makes a product or performs a service. Sometimes called a line manager

Question 12

Organizational Process Assets:

Answer 12

Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization

Question 13

Enterprise Environmental Factors:

Answer 13

Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio

Question 14

Work Performance Data:

Answer 14

The raw observations and measurements identified during activities being performed to carry out the project work. – CREATED IN EXECUTION

Question 15

Work Performance Information:

Answer 15

The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas. – CREATED IN M&C

Question 16

Work Performance Reports:

Answer 16

The physical or electronic representation of work performance information compiled in project documents, intended to generate decisions, actions, or awareness. – CREATED IN M&C; DELIEVRED IN EXECUTION

Question 17

Tenants of PMI Talent Triangle

Answer 17

Technical Project Management, Leadership, and Strategic and Business Management

Question 18

Project Statement of Work:

Answer 18

A narrative description of products, services, or results to be delivered by the project.

Question 19

Product Scope

Answer 19

The features and functions that characterize a product, service, or result

Question 20

Business Case:

Answer 20

A documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities.

Question 21

Agreements:

Answer 21

Any document or communication that defines the initial intentions of a project. This can take the form of a contract, memorandum of understanding (MOU), letters of agreement, verbal agreements, email, etc.

Question 22

Project Charter:

Answer 22

A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Question 23

Project Baseline:

Answer 23

The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison.

Question 24

Corrective Action:

Answer 24

An intentional activity that realigns the performance of the project work with the project management plan.

Question 25

Preventative Action:

Answer 25

An intentional activity that ensures the future performance of the project work is aligned with the project management plan

Question 26

Defect Repair:

Answer 26

An intentional activity to modify a nonconforming product or product component.

Question 27

Configuration Management:

Answer 27

Describes how the information about the items of the project (and which items) will be recorded and updated so that the product, service, or result of the project remains consistent and/or operative.

Question 28

Deliverable:

Answer 28

Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project