Introduction to Project Management Flashcards
You are managing a project in which you intend to respond to high levels of change and ongoing stakeholder involvement. The most suitable project life cycle for your project is the:
a. Adaptive life cycle
b. Waterfall life cycle
c. Predictive life cycle
d. Configuration management life cycle
a. Adaptive life cycle
Adaptive life cycles are agile, iterative, or incremental. The detailed scope is defined and approved before the start of an iteration. Adaptive life cycles are also referred to as agile or change-drive life cycles.
See Section 1.2.4.1 Project and Development Life Cycles
Projects are undertaken to fulfill objectives by:
a. Meeting needs of stakeholders
b. Produce deliverables
c. Meeting all stated requirements
d. Completing the project on time
b. Produce deliverables
Projects are undertaken to fulfill objectives by producing deliverables.
See section 1.2.1 Projects
Which of the following is a form of project life cycle that may also be referred to as waterfall life cycle?
a. Project life cycle
b. Adaptive life cycle
c. Product life cycle
d. Predictive life cycle
d. Predictive life cycle
In a predictive life cycle, the project scope, time, and cost are determined in the early phases of the life cycle. Any changes to the scope are carefully managed. Predictive life cycles may also be referred to as waterfall life cycles.
See Section 1.2.4.1 Project and Development Life Cycles
Which of the following is true of Project Management Process Groups
a. There are a set number of process iterations based on the needs of the project.
b. Process Groups are independent of the application area or industry focus.
c. The process used is dependent on the industry in which the project is taking place.
d. The application area (i.e., marketing, information services) determines which process is used.
b. Process Groups are independent of the application area or industry focus.
The five Process Groups are independent of the applications areas, (such as marketing, information services, or accounting) or industry focus ( such as construction, aerospace, telecommunications). Individual processes in the Process Groups are often iterated prior to completing a phase or a project. The number of process iterations and interactions between processes varies based on the needs of the project.
See Section 1.9 Project Management Process, Groups
Which of the following best describes a product life cycle?
a. The historical record of the development of a product.
b. The maturity of a product through a series of repeated cycles.
c. A process contained within the predictive project life cycle and represents all project activities.
d. A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
d. A series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
Project life cycles are independent of product life cycles, which may be produced by a project. A product life cycle is the series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
See Section 1.2.4.1 Project and Development Life Cycles
Operations are ongoing endeavors that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle, whereas projects are which of the following?
a. Ongoing to meet market needs
b. Sequential activities
c. Revenue-generating activities
d. Temporary endeavors
d. Temporary endeavors
A project is a temporary endeavor undertaken to create a unique product, service, or result. Operations management is an area that is outside the scope of formal project management. Operations management is concerned with the ongoing production of goods and/or services.
See Sections 1.2.1 Projects and 1.2.3.4 Operations Management
A significant amount of data is collected and analyzed throughout the project. All of the following are examples of project data and information EXCEPT:
a. Work performance reports
b. Work performance data
c. Work performance analysis
d. Work performance information
c. Work performance analysis
Project data are regularly collected and analyzed throughout the project life cycle. The following identify key terminology regarding project data and information:
- Work performance data,
- Work performance information,
- and work performance reports.
See Section 1.2.4.7 Project Management Data and Information
All of the following statements about the project life cycle and the product life cycle are true EXCEPT:
a. The product life cycle is contained within the predictive project life cycle
b. In project iterative and incremental life cycles, project phases repeat one or more project activities as the project team’s understanding of the product increases.
c. The product life cycle is the series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement.
d. In a predictive life cycle, the project scope, time, and cost required to deliver are determined as early in the project life cycle as possible,
a. The product life cycle is contained within the predictive project life cycle
In a predictive life cycle, the project scope, time, and cost are determined in the early phases of the life cycle. Any changes to the scope are carefully managed. Predictive life cycles may also be referred to as waterfall life cycles.
See Section 1.2.4.1 Project and Development Life Cycles
A form of project life cycle in which the project scope, time, and cost are determined in the early phases of the life cycle
a. Predictive life cycle
b. Adaptive life cycle
c. Project life cycle
d. Product life cycle
a. Predictive life cycle
In a predictive life cycle, the project scope, time, and cost are determined in the early phases of the life cycle. Any changes to the scope are carefully managed. Predictive life cycles may also be referred to as waterfall life cycles.
See Section 1.2.4.1 Project and Development Life Cycles
Your job responsibility is to align components (projects, programs, or related operations) to the organizational strategy, organized into portfolios or subsidiary portfolios to optimize project or program objectives, dependencies, costs, timelines, benefits, resources, and risks. This is known as:
a. Prgramm management
b. Portfolio management
c. Process management
d. Component management
b. Portfolio management
Portfolio management aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing the work, and providing the needed resources.
See Section 1.2.3.6 Organizational, Project Management (OPM) and Strategies.
