PMP 1 : Project Management Frameworks Part2

Question 1

What is a Project Manager?

Answer 1

Person assigned by performing organization to lead team responsible for achieving project objectives. Ensures project completion on time, on budget, meeting all objectives.

Question 2

What are the three components of the PMI Talent Triangle?

Answer 2

1. Technical Project Management 2. Leadership 3. Strategic & Business Management

Question 3

What are the main responsibilities of a Project Manager?

Answer 3

1. Develop project charter 2. Create project management plan 3. Direct/manage project work 4. Monitor/control progress 5. Manage changes 6. Close project/phase

Question 4

What is Technical Project Management in the PMI Talent Triangle?

Answer 4

Knowledge, skills, and behaviors related to specific domains of project management and technical aspects of performing one’s role

Question 5

What is Leadership in the PMI Talent Triangle?

Answer 5

Knowledge, skills, and behaviors needed to guide, motivate, and direct a team to help achieve business goals

Question 6

What is Strategic & Business Management in the PMI Talent Triangle?

Answer 6

Knowledge of and expertise in the industry/organization that enhances performance and delivers business outcomes

Question 7

What is a Portfolio Manager?

Answer 7

Executive who manages governance of multiple projects/programs, evaluates project value/ROI, ensures strategic alignment, and optimizes resource allocation

Question 8

What is a Program Manager?

Answer 8

Manager responsible for coordinating a group of related projects, ensuring program benefits realization, and maintaining strategic alignment

Question 9

What is the difference between Portfolio and Program Manager?

Answer 9

Portfolio Managers handle unrelated projects based on organizational value, while Program Managers coordinate related projects for combined benefits

Question 10

Define Project Stakeholders

Answer 10

Individuals, groups, or organizations that may affect, be affected by, or perceive themselves to be affected by project decisions/outcomes

Question 11

Who are the key project stakeholders?

Answer 11

1. Sponsors 2. Business process owners 3. Subject matter experts (SMEs) 4. Deliverable owners 5. External stakeholders

Question 12

What is the Project Team’s role?

Answer 12

Core group performing project work - creates WBS, estimates activities/resources, executes project plan, identifies requirements/risks, implements changes

Question 13

What is Project Governance?

Answer 13

Framework/functions/processes guiding project management activities to meet organizational goals - handles approvals, resource allocation, and strategic alignment

Question 14

What is a Project Sponsor’s main responsibility?

Answer 14

Provides financial resources, project support, and protects project from politics and unnecessary changes

Question 15

What is a Project Management Team?

Answer 15

Subset of project team that helps perform project management activities - must have project management training

Question 16

In a weak matrix organization, what is the PM’s role called?

Answer 16

Project Expediter - acts as staff assistant and communications coordinator without decision-making authority

Question 17

What is a Project Coordinator?

Answer 17

Similar to expediter but has some authority to make decisions and reports to higher level manager

Question 18

What makes stakeholders crucial to project success?

Answer 18

They provide input on requirements, help identify risks, approve changes, and their buy-in is essential for project success

Question 19

How does Agile affect the Business Process Owner role?

Answer 19

Works with agile team to prioritize features, attends reviews, accepts deliverables, identifies issues, provides expert judgment

Question 20

What is the primary purpose of Project Governance?

Answer 20

Ensure organization’s resources work on right projects at right time and align with strategic objectives