Framework

Question 1

What is the definition of a project?

Answer 1

Temporary - Creates a unique product or service

Question 2

What is the definition of a program?

Answer 2

A grupf of interrealted projects, managed in a coordinated way

Question 3

What is the definition of a portfolio?

Answer 3

A group of programs to achive a specific strategic business goal.

Question 4

What is a product life cycle?

Answer 4

The cycle of a product’s life from conception to withdrawal.

Question 5

What is a project life cycle?

Answer 5

What you need to COMPLETE the work. It varies by industry and type of project.

Question 6

What is the project management process?

Answer 6

What you need to do to MANAGE the work. Initiating, planning, executing, monitoring & controlling, closing.

Question 7

What is a Project Management Office?

Answer 7

PMO. A department that centralizes the management of projects. Provides the polcies, methods, and templates for managing projects within the org. OR provides support, guidance, and training to others in the or on how to manage projects. OR provides project managers for differant projects, and is responsibile for the results of the projects.

Question 8

What are project contstraints?

Answer 8

Cost, Time, Scope, Quality, Risk, Resources, customer satisfaction,. Constraints are used to help evaluate competing demands.

Question 9

Who are stakeholders?

Answer 9

Anyone whose inteests may be postively or negatively impacted by the project, including: PM, customer, Sponder, Perfomring Org, Team, Funding Sources, End User, Society, PMO

Question 10

What should we do with stakeholders?

Answer 10

ID all of them, determine all of their requirements, determine all of their expectations, communicate with them, manage their influence

Question 11

What are 3 purmary forms of organization?

Answer 11

Functional, Projectized, Matrix

Question 12

What is a functional oganization?

Answer 12

The company is grouped by areas of specialization (ex accounting, marketing, etc)

Question 13

What is a projectized organization?

Answer 13

The company is grouped by project. The team has no department to go to at project end. The PM has total controld of resources.

Question 14

What is a matrix organization?

Answer 14

A belnd of fucntional and projectized orgs where the team members have two bosses (the PM and the fucntional manager)

Question 15

What is a strong matrix organization?

Answer 15

A matrix org where the balance of power rests with the PM instead of the functional manager.

Question 16

What is a weak matrix organization?

Answer 16

a Matrix org where the power is equally balanced between the PM and the functional manager. This is the preferred form of matrix org.

Question 17

What occurs during the initiating process group?

Answer 17

Formal authorization of the project or phase. PM is provided with the info necessary to being the project.

Question 18

What occurs during the planning process group?

Answer 18

It is determined: Whether the project objectives, as stated in the project charter, can be acheived. HOW the project will be accomplished.

Question 19

What occurs during the executing process group?

Answer 19

Work deined in the project management plan is completed to meet project objectives.

Question 20

What occurs during the monitoring and controlling process group?

Answer 20

Project perfomance is measured to the project management plan. Variances are determined and addressed.

Question 21

What occurs during the closing process group?

Answer 21

Acceptance of the final product of the poject is obtained and documented. Lessons learned are complete. Files ar eindexed and archived.

Question 22

Which process group MUST be completed in a certain order?

Answer 22

Planning is the only process group with a set order.

Question 23

What does “input” mean?

Answer 23

“What do I need before I can…”

Question 24

What does “output” mean?

Answer 24

“What will I have when I am done with…”