Project Management Terms

Question 1

The 3 terms that best describe the nature of projects.

Answer 1

Temporary
Unique
Progressively elaborated

Question 2

Another term, other form of progressive elaboration.

Answer 2

Rolling Wave Planning

Question 3

What does a project produce ?

Answer 3

Product, service or result

Question 4

Project management is the application of what ?

Answer 4

Knowledge, skills, tools and techniques.

Question 5

Why do we apply project management knowledge, skills, tools and technique ?

Answer 5

To satisfy project requirements.

Question 6

What does a project deliver to an organization upon completion?

Answer 6

Value

Question 7

Deals with the ongoing production of goods and services.

Considers the acquisition, development and utilization of resources that firms need to deliver the goods and services.

Answer 7

Operations management.

Question 8

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

Answer 8

Portfolio management

Question 9

A collection of logically related project activities that culminates in the completion of one or more deliverables.

Answer 9

A phase.

Question 10

Any unique and verifiable product, service or result.

Answer 10

A deliverable.

Question 11

What finishes when a project deliverable is formally accepted by the customer or the sponsor?

Answer 11

The phase.

Question 12

Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

Answer 12

Program management

Question 13

What should be added if a decision is made to manage projects together as a program?

Answer 13

Value

Question 14

A representation of the phases that a project typically goes through from start to finish.

Answer 14

Project Life Cycle

Question 15

Framework, functions and processes that guide project management activities in order to create a unique product, service or result to meet a company goal.

Answer 15

Project governance

Question 16

Individuals, group or organization that may affect, be affected or perceive to be affected by the project.

Answer 16

Stakeholders

Question 17

Empowered to lead the project
Authorized to make decisions
Responsible for the success or failure of the project

Answer 17

Project manager

Question 18

Organizational structure that standardizes the processes and facilitates the sharing of resources, methodologies, tools and techniques. The set of folks that are there to help the PM.

Answer 18

Project management office

Question 19

Functional organizations, matrix organizations, project oriented organizations.

Answer 19

Organizational Structures

Question 20

Structure that groups staff members according to their area of expertise.

Answer 20

Functional organization

Question 21

Can either be weak, balanced and strong. The different structures are reflective of the project manager’s authority in relation to the functional manager’s authority.

Answer 21

Matrix organization

Question 22

Structure where the PM has the greatest amount of authority. The project team is assigned to the project on a full-time basis.

Answer 22

Project Oriented Organization

Question 23

Full-time project manager, need to get resources from the functional manager, once the staff comes in, they are full-time on the project.

Answer 23

Strong matrix

Question 24

Project scope, schedule, cost, risk, quality, resources

Answer 24

Project Constraints

Question 25

Inputs, outputs, tools and techniques combined to execute a specific purpose on the project.

Answer 25

Process