Project Management Exam Review

Question 1

What 3 things are different between PMO and PMs

Answer 1

Level of Focus, project vs programs
Resource Allocation Level
Management Level

Question 2

Function of a Project Manager

Answer 2

Lead the team responsible for achieving project objectives

Satisfy task, team, and individual needs

Question 3

Project Manager Competencies

Answer 3

Technical Project Management
Leadership
Strategic and Business Management

Question 4

What makes a good leader?

Answer 4

Be a Visionary
Be Respectful
Be Optimistic and Positive
Integrity
Be Collaborative
Give credit to others
Manage Relationships and Conflicts
Life-Long Learner
Have good communication

Question 5

What are the types of organizations?

Answer 5

Functional, Projectized, and Matrix

Question 6

What are the types of Project Teams?

Answer 6

Dedicated and Part-Time

Question 7

What is does a project team consist of? what is the core?

Answer 7

Core:
Project Manager
Project Management Staff
Project Staff

Everything else:
Business Partners
Supporting Experts
User/Customer Representations
Sellers

Question 8

What are the types of partnerships?

Answer 8

Strategic Alliance
Joint Venture Projects
Joint Venture Company
Consortium

Question 9

What is a Strategic Alliance?

Answer 9

Long Term Relationship built on Trust and Respect

Advantage:

• reduce investment risks
• share technologies

Disadvantage:

• hard to maintain
• low efficiency

Question 10

What is a Joint Venture Project?

Answer 10

Either integrated (different staff members are sent to this single project) or non-integrated (each partner is responsible for doing their own portion)

Advantage:

• Flexible
• mobile in foreign market
• cost savings

Disadvantage:

• hard to find the right partner
• power struggles
• liability issues

Question 11

What is a Joint Venture Company?

Answer 11

When two or more seperate entities create a jointly owned entity
Can be a corporation or partnership
not always 50/50

• hard to find right partner but can help get you into a new market

Question 12

What is a Consortium?

Answer 12

Association of two or more entities involved to achieve a common goal, no new independent entity is created like a JVC

Question 13

What are the project phases?

Answer 13

Initiate, Plan, Execute, and Closing

Question 14

What are the life cycles?

Answer 14

Predictive, Iterative, Incremental, and Agile

Question 15

what are the project management processes?

Answer 15

Initiating Process Group
Planning Process Group
Executing Process Group
Monitoring and Controlling Process Group
Closing Process Group

Question 16

What does Project Integration Management aim to do?

Answer 16

Aims to identify, define, combine, unify and coordinate various project management processes

Question 17

What does project integration management include?

Answer 17

Develop a Project Charter
Develop a Project Management Plan
Direct and Manage Project Work
Monitor and Control Project Work
Perform Integrated Change Control
Close project or phase

Question 18

what are the project charter inputs?

Answer 18

Project Statement
Business Case
Agreement
Enterprise Environmental Factors
Organizational Process Assets

Question 19

What are the Project Management Plan baselines?

Answer 19

Scope
Schedule
Cost

Question 20

What are the project management subsidiary plans?

Answer 20

Scope Management
Schedule Management
Cost Management
Risk Management
Quality Management

Question 21

What are the processes involved in project scope management?

Answer 21

Plan
Collect Requirements
Define, validate, and control scope
Create WBS (subdivide major deliverables and project work into smaller components)

Question 22

Why do we do scheduling?

Answer 22

to:
study the project
establish baseline
determine activity sequence
access implementation methods
communication tool
get cost estimates and cash flow projections
manage involved parties

Question 23

what does PERT stand for and what does it do?

Answer 23

Project Evaluation and Review Techniques

approach to time uncertainty based on statistical principles

Question 24

What is risk?

Answer 24

probable event in a project life cycle which is known and could be measured

Question 25

What is uncertainty?

Answer 25

due to limited data and knowledge about an event or its probability of occurrence

Question 26

What are the 4 risk responses?

Answer 26

Avoidance, Mitigation, Transfer, Acceptance

Question 27

2 types of project delivery

Answer 27

In House

Out Sourcing

Question 28

What are the 4 project delivery methods

Answer 28

Design-Bid-Build
Design-Build
Construction Management at Risk
Integrated Project Delivery

Question 29

What is the most often used delivery method in vertical construction?

Answer 29

DBB
CMR
DB
IPD

Question 30

What is the most common delivery method in horizontal infrastructure?

Answer 30

DBB
DB
CMR

Question 31

What does PDCA stand for?

Answer 31

Plan Do Check Act

Question 32

What is quality?

Answer 32

meets requirements

Question 33

what is grade?

Answer 33

category assigned to something, usually used to compare things

Question 34

What is quality assurance?

Answer 34

make sure the quality policies, processes, and procedures are compiled in project activities

Question 35

What is quality control?

Answer 35

assess and document the results of execution of quality management in activities and ensure that the results comply with required standards and customer expectations

Question 36

What are the 7 basic tools?

Answer 36

Check sheet, check list, and statistical sampling
Root Cause Analysis
Flow Chart
Pareto Chart
Histogram
Scatter Diagram
Control Chart

Question 37

What are the 7 basic tools?

Answer 37

Check sheet, check list, and statistical sampling
Root Cause Analysis
Flow Chart
Pareto Chart
Histogram
Scatter Diagram
Control Chart