MODULE 1

Question 1

is a document established by an authority, custom, or general consent as a model or example.

Answer 1

standard

Question 2

The __________________ is a foundational reference for project management professional development programs and the practice of project management.

Answer 2

standard for project management

Question 3

Code of Ethics and Professional conduct include both ___________ and ______________.

Answer 3

aspirational standards
mandatory standards

Question 4

Four important values in PM community

Answer 4

Responsibility
Respect
Fairness
Honesty

Question 5

Projects

Answer 5

Project drive change
Project enable business value creation
Project initiation context

Question 6

moving from one state to another state

Answer 6

project drive change

Question 7

as the net quantifiable benefits derived from business endeavor

Answer 7

project enable business value creation

Question 8

initiate projects in response to factors acting upon the organization

Answer 8

project initiation context

Question 9

Effective and efficient project management should be considered a strategic competency within organizations. It enables to:

Answer 9

• Tie project results to business goals
• Compete more effectively in their markets
• Sustain the organization
• Respond to the impact of business environment changes on projects by appropriately adjusting project management plans

Question 10

A project may be managed in three separate scenarios

Answer 10

stand alone project
within a program
within a portfolio

Question 11

is defined as a group of related projects, subsidiary programs, program activities managed in coordinated manner to obtain benefits.

Answer 11

program

Question 12

_______________ are not large project.

Answer 12

programs

Question 13

Large project is referred to as a

Answer 13

megaproject

Question 14

Effectively manage multiple programs and projects that are underway at any given time.

Answer 14

portfolio

Question 15

Defined as projects, programs, subsidiary portfolios and operations manage as a group to achieve strategic objectives.

Answer 15

portfolio

Question 16

In portfolio management, the programs or projects of the portfolio may not necessarily be _____________ or _____________________.

Answer 16

interdependent
directly related

Question 16

Defined as the centralized management of one or more portfolios to achieve strategic objectives.

Answer 16

portfolio management

Question 17

It also confirms that the portfolio is consistent with and aligned with organizational strategies.

Answer 17

portfolio management

Question 18

An area that is outside the scope of formal project management.

Answer 18

operations management

Question 19

It is concerned with the ongoing production of goods and/or services

Answer 19

operations management

Question 20

It ensures that the business operations continue efficiently by using the optimal resources needed to meet customer demands

Answer 20

operations management

Question 21

It is concerned with managing that transform input to output

Answer 21

operations management

Question 22

Its purpose is to ensure that the organization undertakes the right projects and allocates critical resources appropriately

Answer 22

organizational project management

Question 23

It helps to ensure that all level in the organization understand the strategic vision, the initiatives that support the vision, the objectives and the deliverables.

Answer 23

organizational project management