Project Management Fundamentals and Core Concepts – 36%

Question 1

Organizational structures

Answer 1

1. Functional Organizations - Structure that groups staff members according to their area of expertise (sales, marketing, construction, etc.). Functional structures require the project team members to report directly to the functional manager
2. Matrix Organizations - There are three matrix structures: weak, balanced, and strong. The different structures are reflective of the project manager’s authority in relation to the functional manager’s authority.
3. Project Oriented Organizations (Projectized) - Structure where the PM has the greatest amount of authority. The project team is assigned to the project on a full-time basis. When the project is
   complete, the project team members moves on to other assignments within the organization.
4. Hybrid - Blended type

Question 2

What is a product roadmap?

Answer 2

Visual representation of the visual representation of the product’s strategic direction, highlighting the major features over time and it’s vision. The mos suitable for representing the vision for the potential investors.

Question 3

Project Charter

Answer 3

Formally authorizes the existence of the project and it assigns the Project Manager and their Authority Level
- Signed by the organization Senior Management
- High Level requirements & risks
- Preliminary Project Budget and Schedule
- Project Purpose or justification