PMBOK 7th Edition

Question 1

What are the 4 values in Project Management?

Answer 1

FHRR
Fairness
Honestty
Respect
Responsibility

Question 2

What are the 8 Project Performance Domains?

Answer 2

How, Who, What
How: Dam (Development Approach, Measurement)
Who: STU (Stakeholder, Team, Uncertainity)
What: PPD (Planning, Project work, Delivery)

Question 3

What are the 12 principles of Project Management?

Answer 3

BCEF
RDTB
NOEE

Question 4

What is Present Value & Future Value?

Answer 4

PV = FV / (1+r%)years

FV = PV(1+r%)years

Question 5

What are the 3 Communication Models?

Answer 5

Cross Cultural Communication (KENA (LSSR) KENA)

Effectiveness of Communication Channels (Effectiveness & Richness)

Gulf of Execution & Evaluation ( What - Exe, How - Eva)

Question 6

What is Business Justification Analysis MethodS?

Answer 6

Payback Period
Internal Rate of Return
Return on Investment
Net Present Value
Cost-Benefit Analysis

Question 7

What is Development Approach?

Answer 7

It is a method that is used to create and evolve a product, service, or result during the project life cycle.

Such as; predictive, iterative, incremental, adaptive, or hybrid method.

Question 8

What is Project Scope?

Answer 8

“The work that needs to be accomplished to deliver a product, service, or result with the specified features and functions.”

Question 9

Define Deliverable

Answer 9

Any unique and verifiable product, result, or service that is required to be produed to completer a process, phase, or project.

Question 10

Define Cadence

Answer 10

A rhythm of activities conducted throughout the project.

Question 11

Define Project Phase

Answer 11

A collection of logically related project activities that culminates in the completion of one of more deliverbles.

Question 12

Define Project Life Cycle

Answer 12

The series of phases that a project passes through from its start to its completion.