Flashcard set - 1

Question 1

process groups

Answer 1

IPECC
There are 5 process groups, and 49 project management processes

Question 2

iron triangle of project management

Answer 2

cost, time, and scope

Question 3

international & political environment

Answer 3

considering local/international laws, languages, communication & time zone differences

Question 4

project benefits management plan

Answer 4

created by the project sponsor & PM

defines what benefits the project creates, when it will be realized & how the benefits are measured

Question 5

project business case

Answer 5

created by the project sponsor & shows the financial validity of why a project is launched

Question 6

project environment

Answer 6

location & culture of the environment where a project work is done

Question 7

program

Answer 7

a collection of projects working together toward many deliverables

Question 8

what 3 options are typically recommended after a business analysis

Answer 8

• do nothing: business as usual
• do the minimum work possible
• do the most work possible

Question 9

adaptive life cycle

Answer 9

-change driven
-agile project management
-backlog of requirements

Question 10

predictive life cycle

Answer 10

plan driven, waterfall approach (colonial)

Question 11

project business case

Answer 11

created by the project sponsor & shows the financial validity of why a project is launched

Question 12

project portfolio management

Answer 12

the management & selection of projects that support a company’s vision & mission

balance of:
-project priority
-risk
-reward
-return on investment

Question 13

adaptive life cycle

Answer 13

-change driven
-agile project management
-backlog of requirements

Question 14

deliverable

Answer 14

a product, service, or result created by a project

Question 15

iterative & incremental life cycle

Answer 15

phases repeat through iterations, iterations create deliverables

Question 16

cultural and social environment

Answer 16

religious, economic, ethical, educational and demographic composition of the people effected by a project

R E E E D

Question 17

“phase gate”

Answer 17

a review process when you cannot go to the next phase until the current phase is 100% done

Question 18

business documents for a project performance

Answer 18

• phase gates
• performance compared to documents
• decision of comparisons

Question 19

work performance data

Answer 19

raw data, observations & measurements about a project components

Question 20

work performance information

Answer 20

the processed and analyzed data that will help a PM make decisions

Question 21

work performance reports

Answer 21

communication of work performance

Question 22

which knowledge area includes a project charter?

Answer 22

project integration management

Question 23

project

Answer 23

a temporary, unique endeavor that creates a product, service or result

Question 24

subprojects

Answer 24

a smaller project managed within a larger parent project

Question 25

project management office types

Answer 25

supportive, controlling, directive