PMBOK Part1

Question 1

What is a Project?

Answer 1

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

Question 2

What are four project initiation reasons?

Answer 2

1. Meet regulatory or legal or social requirements
2. Satisfy stakeholder requirements or needs.
3. Create improve or fix products processes or services.
4. Implement or change business or technology strategies.

Question 3

What is scope?

Answer 3

The sum of products, services, and results to be provided as a project.

Question 4

What is a change?

Answer 4

Modification to any formally controlled deliverable, project management plan component, or project document.

Question 5

What is Project Management?

Answer 5

The application of knowledge, skills, and principles to a program to achieve the program objectives and to obtain benefits and control not available by managing program components individually.

Question 6

What is Portfolio Management?

Answer 6

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

Question 7

What is a Portfolio?

Answer 7

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

Question 8

__________ Are managed in a coordinated manner to obtain benefits not available from managing them individually.

Answer 8

Projects

Question 9

Predictive Life Cycle

Answer 9

Form of project life cycle in which the project scope, time, and costs are determined in the early phases of the life cycle.

Question 10

Iterative Life Cycle

Answer 10

Project scope is decided early, but time and cost estimates are modified as the teams understanding of the project increases. Iterations develop the product through a series of repeated cycles.

Question 11

Incremental Life Cycle

Answer 11

A deliverable is produced through a series of iterations when each successful iteration at some functionality. The last iteration put all the pieces together for a final product.

Question 12

Adaptive Life Cycle

Answer 12

Detailed scope is defined and approved before the start of an iteration. AKA Agile or Change-driven life cycles.

Question 13

Hybrid Life Cycle

Answer 13

A combination of a predictive and an adaptive life cycle.

Question 14

Project Phase

Answer 14

A collection of logically related activities that culminates in the completion of one or more deliverables.

Attributes may be:
Name
Number
Duration
Entrance criteria
Exit criteria

Question 15

Phase Gate

Answer 15

Review at the end of a phase to decide if you can move to the next phase, make modifications, or end the project.

Question 16

Progressive Elaboration

This is a popular question on the exam

Answer 16

The iterative process of increasing the level of detail in a project management plan as more information and more accurate estimates are available.