Project Management Terms

Question 1

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

Answer 1

A project

Question 2

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

Answer 2

Project Management

Question 3

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

Answer 3

Program Management

Question 4

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

goal of achieving strategic (long-term) objectives

Answer 4

Portfolio

Question 5

Whose job is it to consider the acquisition, development, and utilization of resources that firms need to deliver the goods and services?

Answer 5

Operations Managers

Question 6

What is a collection of logically related project activities that culminates in the completion of one or more deliverables?

Answer 6

A phase

The number of the phases depends on the industry type and size and the complexity of the project

Question 7

A ____ is any unique and verifiable
product, service or result.

Answer 7

Deliverable

Can be tangible or intangible and must be accepted by the customer or sponsor for the phase

Question 8

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

Answer 8

Project Life Cycle

Question 9

Framework within which project decisions are made

Answer 9

Project Governance

Question 10

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

Answer 10

Stakeholder(s)

Question 11

A ____ is a significant event or achievement in a project that marks a key point or completion of a major deliverable.

Answer 11

Milestone

Question 12

________ refers to the amount of time it takes to complete a specific task or activity within a project.

Answer 12

Task Duration