Module 2

Question 1

SWOT

Answer 1

A strategic analysis to analyze strengths, weaknesses, opportunities, and threats.

Question 2

Vision

Answer 2

A one-sentence statement describing the clear and inspirational long-term, desired change resulting from an organization or program’s work.

Question 3

Mission

Answer 3

A way to accomplish vision, including the organization’s core purpose, core value, beliefs, culture, primary business, and primary customers.

Question 4

Strategic Objectives:

Answer 4

The means of achieving the mission and vision.

Question 5

Portfolio Management:

Answer 5

The centralized management of one or more portfolios to achieve strategic objectives for an organization.

Question 6

Portfolio

Answer 6

Projects, programs, subportfolios and operations managed as a group to achieve strategic objectives.

Question 7

Program

Answer 7

A group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits.

Question 8

Statement of Work (SOW):

Answer 8

A narrative description of products, services, or results to be provided by the proposed project.

Question 9

Business Case:

Answer 9

The benefit of the proposed project used as a basis for the authorization of further project management activities.