PMBOK Chapter 1 - Introduction

Question 1

What is a standard?

Answer 1

a formal document that describes established norms, methods, processes and practices

Question 2

What is a standard?

Answer 2

a formal document that describes established norms, methods, processes and practices

Question 3

What is a project?

Answer 3

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

Question 4

What is a portfolio?

Answer 4

a collection of projects, programs, subportfolios and operations managed as a group to achieve strategic objectives

Question 5

What are programs?

Answer 5

a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually

Question 6

What is project management?

Answer 6

the application of knowledge, skills, tools and techniques to project activities to meet the project requirements

Question 7

What is progressive elaboration?

Answer 7

continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available

Question 8

What is organizational project management (OPM)?

Answer 8

a strategy execution framework utilizing project, program and portfolio management

Question 9

What is program management?

Answer 9

the application of knowledge, skills, tools and techniques to a program in order to meet program requirements

Question 10

What is portfolio management?

Answer 10

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

Question 11

What is a Project Management Office (PMO)?

Answer 11

a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques

Question 12

Three Types of PMO Structures:

Answer 12

1) Supportive – provide a consultative role to projects by supplying templates, best practices, training etc 2) Controlling – provide support and require compliance through various means. the degree of control provided by the PMO is moderate 3) Directive – take control of the projects by directly managing the projects. degree of control provided by the PMO is high

Question 13

What is the primary function of the PMO?

Answer 13

to support project managers in a variety of ways

Question 14

What is operations management?

Answer 14

area of management concerned with ongoing production of goods and/or services.

Question 15

What are operations?

Answer 15

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

Question 16

What are project-based organizations (PBOs)?

Answer 16

refer to various organizational forms that create temporary systems for carrying out their work

Question 17

What is business value?

Answer 17

the entire value of the business; the total sum of all tangible and intangible elements

Question 18

What is a project manager?

Answer 18

the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives

Question 19

What is a functional manager focused on?

Answer 19

providing management oversight for a functional or a business unit, and operations managers are responsible for ensuring that business operations are efficient

Question 20

Effective project management requires that the project manager possess the following competencies:

Answer 20

1) Knowledge – refers to what the project manager knows about project management 2) Performance – refers to what the project manager is able to do or accomplish while applying his or her project management knowledge 3) Personal – refers to how the project management behaves when performing the project or related activity

Question 21

a formal document that describes established norms, methods, processes and practices

Answer 21

What is a standard?

Question 22

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

Answer 22

What is a project?

Question 23

a collection of projects, programs, subportfolios and operations managed as a group to achieve strategic objectives

Answer 23

What is a portfolio?

Question 24

a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually

Answer 24

What are programs?

Question 25

the application of knowledge, skills, tools and techniques to project activities to meet the project requirements

Answer 25

What is project management?

Question 26

continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available

Answer 26

What is progressive elaboration?

Question 27

a strategy execution framework utilizing project, program and portfolio management

Answer 27

What is organizational project management (OPM)?

Question 28

the application of knowledge, skills, tools and techniques to a program in order to meet program requirements

Answer 28

What is program management?

Question 29

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

Answer 29

What is portfolio management?

Question 30

a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques

Answer 30

What is a Project Management Office (PMO)?

Question 31

1) Supportive – provide a consultative role to projects by supplying templates, best practices, training etc 2) Controlling – provide support and require compliance through various means. the degree of control provided by the PMO is moderate 3) Directive – take control of the projects by directly managing the projects. degree of control provided by the PMO is high

Answer 31

Three Types of PMO Structures:

Question 32

to support project managers in a variety of ways

Answer 32

What is the primary function of the PMO?

Question 33

area of management concerned with ongoing production of goods and/or services.

Answer 33

What is operations management?

Question 34

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

Answer 34

What are operations?

Question 35

refer to various organizational forms that create temporary systems for carrying out their work

Answer 35

What are project-based organizations (PBOs)?

Question 36

the entire value of the business; the total sum of all tangible and intangible elements

Answer 36

What is business value?

Question 37

the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives

Answer 37

What is a project manager?

Question 38

providing management oversight for a functional or a business unit, and operations managers are responsible for ensuring that business operations are efficient

Answer 38

What is a functional manager focused on?

Question 39

1) Knowledge – refers to what the project manager knows about project management 2) Performance – refers to what the project manager is able to do or accomplish while applying his or her project management knowledge 3) Personal – refers to how the project management behaves when performing the project or related activity

Answer 39

Effective project management requires that the project manager possess the following competencies: