PMP Andrew Udemy Flashcards

Andrews Explanation

1
Q

What is a Project

A

A temporary endeavor that produces a unique product, service or result

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2
Q

A Project is

A

Temporary in Nature

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3
Q

A Project can be

A

part of a larger program or portfolio

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4
Q

The application of knowledge, skills, tools and techniques to satisfy project requirements.

A

Project Management is

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5
Q

Preparing the business case to justify the investment

A

Project Management is

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6
Q

Estimating resources and times

A

Project Management is

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7
Q

Developing and implementing a management plan for the project

A

Project Management is

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8
Q

Leading and motivating the project delivery team

A

Project Management is

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9
Q

Managing the risks, issues and changes on the project

A

Project Management is

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10
Q

Monitoring progress against plan

A

Project Management is

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11
Q

Closing the project in a controlled fashion when appropriate

A

Project Management is

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12
Q

Program Management it is

A

It is simply a really large project broken down and other project managers are overseeing them.

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13
Q

Program Management like a

A

Iikea bridge you cannot manage it as a simple project, there are so many massive projects

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14
Q

Program Management Each Project

A

Each project will have a project manager then a program manager looks over it.

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15
Q

It is simply a really large project broken down and other project managers are overseeing them.

A

Program Management

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16
Q

Iike a bridge you cannot manage it as a simple project, there are so many massive projects

A

Program Management

17
Q

Each project will have a project manager then a program manager looks over it.

A

Program Management

18
Q

Must be some value add in managing them together as a program

A

Program Management

19
Q

A project may or may not be part of a program, but a program will always have projects

A

Program Management

20
Q

Focuses on the project interdependencies and helps to determine the optimal approach for managing them

A

Program Management

21
Q

Program will always have projects

A

Program Management

22
Q

Projects may Not have Programs

A

Program Management

23
Q

PMO

A

PMO usually a single person standardize processes very important. PMO not in small projects

24
Q

A PMO Can Be Supportive

A

Supports the project manager such as providing templates, training or lessons learned

25
Q

A PMO Can Be Controlling

A

Determines the framework of methodology and use of specific forms

26
Q

A PMO Can Be Directive

A

Controls the project. PM will be assigned to the PMO

27
Q

A Portfolio is

A

is a collection of projects, programs, subsidiary portfolios and operations managed as a group to achieve strategic objectives

28
Q

A Portfolio Collections

A

Collections of Projects, Programs, Subsidiary Portfolios

29
Q

A Portfolio Achieves

A

Achieve Strategic (long Term) Objectives

30
Q

Portfolio Manager

A
  • looks at strategic goal - we need this and this work with CEO or a small business it is the CEO.. Big High Level Executive
31
Q

Operations Deals with

A

Deals with the ongoing production of goods or services that the company provides

32
Q

Operations Considers

A

Considers the acquisition, development and utilizes of the resources the firm needs to deliver the goods and services.

33
Q

Operations Same Kind

A

Same kind of work every day