Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP - BrainBOK > Introduction > Flashcards

Introduction Flashcards

1
Q

Under what circumstances is a project terminated?

A

When the project’s objectives will not or cannot be met, or when the need for the project no longer exists.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Project objectives must be?

A

SMART (Specific, Measurable, Attainable, Realistic or Relevant, and Tangible or Time bound)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What are the five Project Management Process Groups?

A
  1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are the main competing project constraints? (6)

A

1) Scope
2) Schedule
3) Cost
4) Quality
5) Resources
6) Risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the purpose of Portfolio Management?

A

The purpose of Portfolio Management is to ensure that projects and programs are reviewed to prioritize resource allocation, and are aligned to organizational strategies.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

How is a project’s success measured?

A

Success of a project is measured by product and project quality, timeliness, budget compliance, and degree of customer satisfaction.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are some of the strategic considerations or triggers for authorizing a project? (7 MSSECNL)

A
  • Market demand
  • Strategic opportunity/business need
  • Social need
  • Environmental consideration
  • Customer request
  • New Technology
  • Legal requirement
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What drives the management of project portfolios?

A

Strategic plan of the organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the different ways in which a PMO supports project managers? (4)

A

1) PMO develops a common project management methodology, best practices and standards;
2) monitors compliance to standards, policies and procedures across projects;
3) manages interdependencies, coordinates communication, and manages shared resources among projects;
4) provides mentoring and coaching to project managers.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is difference between the role of a project manager and a PMO?

A
  • PM focuses on project objectives; PMO on major program scope changes
  • PM controls assigned project resources; PMO optimizes use of resources across projects
  • PM manages the project constraints (scope, schedule, cost, quality); PMO manages methodologies, standards, overall risks, and interdependencies among projects.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the role of an Operations Manager in an enterprise?

A

To manage business operations (such as R&D, design, manufacturing, testing, maintenance, customer service, etc.) efficiently.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

How does senior management support projects? (4)

A
  • As project sponsor
  • In setting objectives and priorities
  • In planning the project
  • In resolving conflicts
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the key benefits of project management?

A
  • Improved effectiveness and efficiency - Increased profitability - Improved quality - Improved customer satisfaction
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the Critical Success Factors (CSF) of a project?

A
  • Within time - Within cost - Within quality limits - Accepted by the customer
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the traits of a good Project Manager?

A
  • Honesty and integrity - Adaptability and flexibility - Good communication skills - Leadership skills - Technical knowledge of the project - Enthusiasm - Decision-making ability - Empathy
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Project Management is to projects, what ___________ is to operations.

A

Project Management is to projects, what <u>Business Process Management</u> is to operations.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

The PMBOK® Guide provides a common methodology for managing projects. True or False?

A

False. The PMBOK® Guide provides guidelines (not methodology) for managing individual projects.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements is known as ___________________.

A

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements in known as <u>Project Management</u>.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

How does Portfolio Management different from Program and Project Management in terms of focus?

A

Program and Project Management focus on doing programs and projects the “right” way, whereas, Portfolio Management focuses on doing the “right” programs and projects.

20
Q

What are the key elements of a Benefits Management Plan?

A
  • Target benefits - Strategic alignment - Timeframe for realizing benefits - Benefits owner - Metrics - Assumptions - Risks
21
Q

When is the Benefits Management Plan developed?

A

The Benefits Management Plan is developed prior to project initiation.

22
Q

Give two examples of business documents used on projects?

A
  • Business Case - Benefits Management Plan
23
Q

Name the five different types of development life cycles.

A

1) Predictive
2) Iterative
3) Incremental
4) Adaptive (Agile, iterative, or incremental)
5) Hybrid (predictive and adaptive)

24
Q

Projects are how businesses implement changes. True or False?

A

True.

25
Q

In which type of development life cycle are key stakeholders involved at specific milestones only?

A

Predictive

26
Q

In which type of development life cycle are changes incorporated in real-time during delivery?

A

Agile

27
Q

In which type of development life cycle(s) is delivery divided into subsets of the overall product?

A

Iterative and Incremental

28
Q

Strategy is concerned with day-to-day business issues. True or False?

A

False. Strategy is concerned with long term vision, whereas operations or tactics are concerned with day-to-day issues.

29
Q

How is the success of a program measured?

A

A program’s success is measured by the program’s ability to deliver its intended benefits to an organization, and by the program’s efficiency and effectiveness in delivering those benefits.

30
Q

How is the success of a portfolio measured?

A

Success of a portfolio is measured in terms of the aggregate investment performance and benefit realization of the portfolio.

31
Q

The project management processes are repeated in each phase of a project. True or False?

A

True.

32
Q

What is a common life cycle structure of all projects?

A
  • Starting the project - Organizing and preparing - Carrying out the project work - Closing the project
33
Q

Which factors are greatest at the start of the project and decrease over the life of the project?

A

Stakeholder influences, risk, and uncertainty

34
Q

Which factors are low at the start, peak as the work is carried out, and drop rapidly as the project draws to a close?

A

Cost and staffing levels

35
Q

Which factor is lowest at the start of the project and increases over the life of the project?

A

Cost of changes

36
Q

What is generally the last phase of a product life cycle?

A

Product’s retirement

37
Q

What are three types of phase-to-phase relationships in a project?

A
  • Sequential - Iterative - Overlapping
38
Q

What are the desirable characteristics of a project manager?

A
  • Honesty and integrity - Adaptability and flexibility - Good communication skills - Leadership skills - Technical knowledge of the project - Enthusiasm - Decision-making ability - Empathy
39
Q

What are the main responsibilities of a project manager?

A
  • Plan the project - Manage the project in terms of scope, schedule, cost, quality, risks, etc. - Report project progress and performance - Manage communication with all stakeholders
40
Q

Project phases can overlap. True or False?

A

True.

41
Q

What are Adaptive Life Cycles also known as?

A

Agile or Change-driven life cycles

42
Q

What are the two common types of project life cycles?

A
  • Predictive - Adaptive
43
Q

What is the relationship between project life cycle and product life cycle?

A

A product life cycle may involve one or more project life cycles.

44
Q

What is the difference between operations and projects?

A

Operations are ongoing and produce repetitive outputs. Projects are temporary, produce unique outputs, and have a definite end.

45
Q

What are the other common names for a Project Management Office (PMO)?

A
  • Project Office - Program Management Office - Project Management Center of Excellence
46
Q

All project generally consist of 5 project phases. True or False?

A

False. The number of phases, the need for phases, and the degree of control applied depend on the size, complexity, and potential impact of the project.

PMP - BrainBOK (30 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions