PMBOK 6th Edition Chapter 1: Introduction

Question 1

Define “tailoring”

Answer 1

The process of determining the appropriate combination of processes, inputs, tools, techniques, outputs and life cycle phases to manage a project

Question 2

What is a project?

Answer 2

A project is a temporary endeavor undertaken to create a unique, product, service, or result

Question 3

The end of a the project is reached when one or more of the following is true:

(6 answers–not exhaustive)

Answer 3

• The projec’s objectives have been achieved
• The objectives will not or cannot be met
• Funding is exhausted or no longer available for allocation to the project
• The need for the project no longer exists
• The human or physical resources are no longer available
• The project is terminated for legal cause or convenience

Question 4

What are some examples in which the need for a project no longer exists?

(3 answers – not exhaustive)

Answer 4

• The customer no longer wants the project completed
• A change in strategy or priority ends the project
• The organizational management provides direction to end the project

Question 5

How does the Project Management Institute define “business value”?

Answer 5

The net quantifiable benefit derived from a business endeavor (may be tangible, intangible, or both)

Question 6

Define “project mangement”

Answer 6

Project management is the application of knowledge, skills, tooks, and techniques to project activities to meet the project requirements

Question 7

Define “program”

Answer 7

A program is defined as a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually