Intro To Project Management

Question 1

Business Value

Answer 1

Total value of the tangible and intangible elements of an organization. Consider liquid assets, real estate, equipment, reputation, brand recognition and trademarks

Question 2

Controlling PMO

Answer 2

Defines project governance through management frameworks, templates, forms, activities, and communications. PMO control is considered moderate.

Question 3

Deliverable

Answer 3

Thing that a project crates; projects generally create many deliverables as part of the project work.

Question 4

Directive PMO

Answer 4

Entity that managed and controls all projects within an organization. PMO control is high.

Question 5

Iron Triangle

Answer 5

Term used to describe the three constraints of every project: time, cost and scope. The dudes of the triangle must be kept in balance or the quality of the project will suffer.

Question 6

Management by Projects

Answer 6

Organization that uses projects to love the company forward is using this approach, these project-centric entities could manage any level of their work as a project.

Question 7

Operations

Answer 7

Ongoing work of the business; a generic term used to describe the activities am that support the core functions of a business entity.

Question 8

Organizational Project Management (OPM)

Answer 8

Organizational approach to coordinate, manage, and control projects, programs and portfolio management in a uniform consistent effort.

Question 9

PMBOK Guide

Answer 9

Abbreviated definition for PMI’s A Guide to the Project Management Body of Knowledge.

Question 10

PMP

Answer 10

PMP certified by PMI as a Project Management Professional.

Question 11

Portfolio

Answer 11

Collection of projects and programs that have been selected by the organization based on factors such as risk, profitability, business value, business need, market demand and others.

Question 12

Programs

Answer 12

Collection of projects working in unison to realize a common goal that could not be achieved by managing each project independently of others.

Question 13

Progressive Elaboration

Answer 13

Process of starting with large ideas and through incremental analysis, actions and planning, making the idea more and more specific. Start with s broad scope snd work toward a specific detailed plan.

Question 14

Project

Answer 14

An undertaking outside the normal operations to create a unique product, service, condition, or result. Projects are temporary, while operations are ongoing.

Question 15

Project communication management

Answer 15

1/10 PM knowledge areas. Planning and management of communication amount stakeholders.

Question 16

Project Cost Management

Answer 16

2/10 PM knowledge areas; estimating, budgeting, and controlling of expenses

Question 17

Project Human Resource Management

Answer 17

3/10 PM knowledge areas; completed by people and PM oversees management of HR on the team.

Question 18

Project Integration Management

Answer 18

4/10 PM knowledge areas; coordinates activists and completeness of all other 9 areas.

Question 19

Project Management

Answer 19

Management of projects within an organization.

Initiation
Planning
Executing
Monitoring and Controlling
Closing

Question 20

Project Management Office (PMO)

Answer 20

Organized and managed control over all projects within an organization and coordinate all aspects, methodology, and nomenclature for project processes, templates, software, and resource assignment.

Question 21

Project Manager

Answer 21

Individual who manages project activities for an organization

Question 22

Project Portfolio Managemt

Answer 22

Management process to select the project that should be invested in. Specifically process based on need, profitability can and affordability of proposed projects.

Question 23

Project Procurement Management

Answer 23

6/10 PM knowledge areas; oversees purchasing and contract admin

Question 24

Project Quality Management

Answer 24

7/10 PM knowledge areas; defines quality assurance, control and policy for project.

Question 25

Project Risk Management

Answer 25

8/10 PM knowledge areas; risk identification, analysis, responses, and control.

Question 26

Project Scope Management

Answer 26

9/10 PM knowledge areas; defines requirements, scope creation , and control

Question 27

Project Time Management

Answer 27

10/10 PM knowledge areas; time estimating, scheduling, and control of activities.

Question 28

Sub projects

Answer 28

Exist under parent project, but follows own schedule to completion. May be outsourced, assigned to other project managers, or managed by parent PM but with different team.

Question 29

Supportive PMO

Answer 29

Consulting role by offering advice, best practices, lessons learned, firms and software, and project info from similar projects. PMO control is low.

Question 30

Triple Constraints of Project Management

Answer 30

Describes balance of time, cost, and scope for projects. Also ID’d as Iron Triangle.

Question 31

Work breakdown Structure

Answer 31

Visual decomposition of project scope. Represents all deliverables the project promises to create.

Question 32

Application Areas

Answer 32

Area of discipline that a project may center upon. Consider technology, law, sales, marketing, and construction