Section 1: Project Management Concepts

Question 1

Project Managers Skills

Includes processes and activities needed to identify, define, and coordinate various processes and project management activities.

Answer 1

Integration Management

Question 2

Project Manager Skills

Includes the processes that ensure that all the work required is identified to complete the project successfully

Answer 2

Scope Management

Question 3

Project Managers Skills

Includes the processes required to manage the timely completion of the project

Answer 3

Time Management

Question 4

Project Management Skills

Includes the processes involved in planning, estimating, budgeting, managing, and controlling costs so that the project can be completed within the approved budget

Answer 4

Cost Management

Question 5

Project Manager Skills

Includes processes and activities that determine quality policies, objectives, and responsibilities

Answer 5

Quality Management

Question 6

Includes the processes that organize, manage, and lead the project team

Answer 6

Human Resource Management

Question 7

Project Manager Skills

Includes processes to ensure timely and appropriate planning, creation, distribution, management, control, and monitoring of project information

Answer 7

Communication Management

Question 8

Includes the processes of conducting risk management planning, identification, analysis, response planning, and controlling risk on a project

Answer 8

Risk Management

Question 9

Project Manager Skills

Includes the processes necessary to acquire products, services, or results needed from outside the project team

Answer 9

Procurement Management

Question 10

Project Manager Skills

Includes the processes required to identify all people or organizations impacted by the project, analyze stakeholder expectations, and develop appropriate strategies for effectively engaging stakeholders in project decisions and execution

Answer 10

Stakeholder Management

Question 11

A {blank} is a group of related programs that support a long-term company goal or objective. The projects in a portfolio may individually address separate initiatives within the organization but collectively move the organization toward meeting a long-term goal or objective.

Answer 11

portfolio

Question 12

A {blank} is a group of related projects.

Answer 12

program

Question 13

A {blank} is an activity or group of activities that generate a new, unique product, service, or result to support a program.

Answer 13

project

However, it is possible that not all projects will be part of a larger program. There could, for example, be a project to develop a new battery that is more adaptable to more extreme temperature conditions. The product of this project could be applicable to all existing automobiles and not strictly a single program.

Question 14

What are the phases of the Project Life Cycle?

Answer 14

• Defining
• Planning
• Executing
• Closing

Question 15

Once senior management approves a project, it enters the initiation or {blank} phase. Immediate activities that take place in this phase are the following:

• Determining the project’s sponsor and the project’s manager

Creating a project charter.

Answer 15

defining

Question 16

The {blank} is a document that, like a contract, is agreed upon by the sponsor and key stakeholders. It defines the project and authorizes the resources, roles, responsibilities, authorities, and scope for the project.

Answer 16

charter

Question 17

Project Life Cycle

What is this phase?

Project teams that do not comprehensively plan their project significantly lower their probability of achieving success. There are many parts of a plan that need to be considered during this phase, among them:

• Technology
• Business process
• Staffing
• Training
• Testing
• Communications
• Budget constraints
• Integration of the project with operations and other projects

Answer 17

Planning

Question 18

{Blank} involves overseeing and managing all necessary work and assignments by members of the project team that are required over the life of the project. This includes overseeing the successful completion of the project deliverables in accordance with the approved implementation schedule. This can be a challenging and volatile phase, due to:

• Unexpected changes that may present themselves in the competitive environment
• New organizational priorities
• Loss of key project resources
• Previously unidentified risks occurring that puts the project plans in jeopardy

Answer 18

Executing

Question 19

The {blank} phase of the project occurs when the project is completed to the customers’ satisfaction.

Answer 19

closing