Project Management Fundamentals - Memorization

Question 1

What is progressive elaboration?

Answer 1

Progressively detailing the plan as the project moves toward completion and as newer and improved information emerges.

Question 2

What is the Development life cyle?

Answer 2

It is the phase or phases required to develop the product.

Question 3

What is a project?

Answer 3

It is a temporaty initiative carried out with the purpose of developing one or more unique deliverables.

Question 4

What is a program?

Answer 4

It is a temporary initiative that coordinates a group of projects, subsidiary programs and program-level activities to obtain specific/shared outcomes and benefits.

Question 5

What is a unique deliverable?

Answer 5

A product or service with distinct characteristics.

Question 6

Define Triple constraint.

Answer 6

Three key concurrent project constraints: scope, schedule and budget.

Question 7

Define constraint.

Answer 7

Represent restrictions that limit project options and outcomes.

Question 8

What is a Portfolio?

Answer 8

It is a set of projects, programs, subsidiary portfolios and operations managed in an integrated way to pursue strategic targets.

Question 9

Define Business Value.

Answer 9

Business Value is the value added by the project, when considering the expected benefits derived from the project as well as the costs required to attain them.

Question 10

What is the Product Life Cycle?

Answer 10

It’s a product’s complete history, extending from the market introduction, growth, maturity and retirement phases.

Question 11

What is a stakeholder?

Answer 11

It is an individual or group who can be positively or negatively impacted by the project, or who can positively or negatively influence the project.

Question 12

What is a Steering committee?

Answer 12

It is an advisory group that provides project management direction and leadership, supports the project manager, oversees progress, resolves issues beyond the project manager’s authority, arbitrates conflict, approves major deliverables and acts as a project liaison with corporate management or program management.

Question 13

What is an operation?

Answer 13

It is a permanent initiative that repeats the same process.

Question 14

What is a phase review?

Answer 14

It is predefined event in the project, typically at the end of a phase, which enables senior management to review the project’s performance and justification, before deciding on whether to proceed to the next phase, make the necessary adjustments or terminate the project.

Question 15

Define Project Life Cycle.

Answer 15

Project Life Cycle is the combination of phases that the project goes through.

Question 16

Define Project Management Team.

Answer 16

Project management team is a temporary structure comprising all the individuals with project management responsibilities within the project.

Question 17

Define Outcome.

Answer 17

Outcome is a business change that results from the project.

Question 18

Define Benefits.

Answer 18

Benefits are measurable gains that result from the project outcomes.

Question 19

What is a project phase?

Answer 19

A project phase is a logical aggregation of project work for improved manageability.

Question 20

What is the main role of a Project manager?

Answer 20

A project manager manages the project under the sponsor’s authority, acting as a delegate, and leads the team towards project objectives.

Question 21

What is Project Management?

Answer 21

It is a management discipline that pursues project success through a structured application of knowledge, tools, techniques, practices and skills.

Question 22

Define Customer organization.

Answer 22

Customer organization is a company or group who requested the project’s deliverables.

Question 23

What are Enterprise envrionmental factors?

Answer 23

Enterprise envrionmental factors are conditions that exist around projects and may influence their performance.

Question 24

What are Organizational process assets?

Answer 24

Organizational process assets are assets that the organization has accumulated and acquired, which can be used to guide and improve its project management practices.

Question 25

What is an End user?

Answer 25

An end user is a individual or group who will use one or more project deliverables.

Question 26

What is a Customer?

Answer 26

A customer is an individual or group who requested the project’s deliverables.

Question 27

What is a functional manager?

Answer 27

A functional manager is a manager responsible for a business function.

Question 28

What is a project coordinator?

Answer 28

A project coordinator is an individual who performs project management administrative and support activities.

Question 29

Define Project Team.

Answer 29

Project team is a broad term that includes all the team members carrying out the technical work, the project manager, business representatives, facilitators and other project roles.

Question 30

What is a Team member?

Answer 30

A team member is an individual who performs the work required to complete the project activities.

Question 31

What is a project Sponsor?

Answer 31

The sponsor is the individual who is ultimately accountable for the project.

Question 32

What is a Business representative?

Answer 32

Business representative or Product Owner is an individual responsible for defining and prioritizing requirements, providing acceptance criteria and then confirming that the product meets those requirements.

Question 33

What’s a project expeditor role?

Answer 33

A project expeditor is an individual that acts as an assistant, helping to relay information and directions to the team, managing materials and logistics, and overseeing suppliers.

Question 34

What is a facilitator?

Answer 34

A facilitator is an individual that acts as a servant leader, ensuring that the team members’ needs are addressed, removing impediments and protecting the team from external interferences.

Question 35

What is a project sponsor?

Answer 35

A project sponsor is an individual who is ultimately accountable for the project, typically a manager who provides the financial resources and promotes the project.

Question 36

What is a Project Management Office?

Answer 36

A Project Management Office is an organizational unit accountable for project management accross the organization.

Question 37

What is a Week Matrix organization?

Answer 37

A weak matrix organization is a type of matrix organization where the functional manager(s) retain most of the authority over the project.

Question 38

What is a matrix organization?

Answer 38

A matrix organization is a multi-dimensional organization that combines the functions’ vertical lines with the projects’ horizontal lines.

Question 39

What is a Balanced Matrix organization?

Answer 39

A Balanced Matrix organization is a type of matrix organization where the authority is evenly shared between the functional manager and the project manager.

Question 40

What is a Hybrid organization?

Answer 40

Hybrid organizations are organizations that adopt characteristics of multiple organizations.

Question 41

What is a Project-oriented organization?

Answer 41

A project-oriented organization is an organization structured around, and oriented toward, projects.

Question 42

What is a Strong Matrix organization?

Answer 42

A Strong Matrix organization is an organization where the project manager retains most of the authority over the project.

Question 43

Define Performing organization.

Answer 43

It is a company or group directly responsible for completing the authorized project work and for providing resources.

Question 44

What is Functional organization?

Answer 44

A functional organization is an organization where resources are grouped hierarchically by functions and each employee has only one single manager.