Terms

Question 1

What is project management?

Answer 1

Application of knowledge, skills, tools, and techniques to satisfy requirements. Focuses on the successful execution and delivery of specific projects within a defined, scope, timeline, and budget.

Question 2

What is a project?

Answer 2

A temporary endeavor that produces a unique product, service, or results.

Question 3

What are some tasks of a project manager?

Answer 3

Preparing a business case to justify the project, estimating resources and time, developing and implemented a management plan, leading and motivating the project delivery team, managing the risks, monitoring progress, and closing the project in a controlled fashion.

Question 4

What is program management?

Answer 4

Managing a group of related projects in a coordinated way to obtain benefits and control not available from managing them individually.
(A project may or may not be part of a program, but a program will always have projects)

Question 5

What is a project management office?

Answer 5

Organizational structure that standardizes the processes and facilitates the sharing of resources, methodologies, tools, and techniques.

Question 6

What are the three types of PMO?

Answer 6

Supportive: supports the project manager, such as providing templates, trainings, or lessons learned from other projects
Controlling: determines the framework or methodology and use of specific forms
Directive: controls the project, PM will be assigned and reports to the PMO

Question 7

What is portfolio management?

Answer 7

Collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectices.

Question 8

What is operations management?

Answer 8

Deals with the ongoing production of goods and/or services. Considers the acquisition,

Question 9

What is a phase?

Answer 9

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

Question 10

What is a deliverable?

Answer 10

Any unique and verifiable product, service, or result.

Question 11

What is the project life cycle?

Answer 11

Representation of the phases that a project typically goes through from start to finish. Can be predictive or adaptive.

Question 12

What is project governance?

Answer 12

Framework within which project decisions are made.

Question 13

What are the three pillars of project governance?

Answer 13

Structure, people, information

Question 14

Who are key stakeholders in a project?

Answer 14

Project manager, customer, project team, project sponsor, functional manager

Question 15

What does the project manager do?

Answer 15

manages the project

Question 16

What is the role of the customer?

Answer 16

uses the project deliverable

Question 17

What is the role of the project team?

Answer 17

collection of individuals who complete the project work

Question 18

What is the role of the project sponsor?

Answer 18

provides resources and support

Question 19

What is the role of the functional manager

Answer 19

controls what you want, departmental manager.

Question 20

What are milestone?

Answer 20

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

Question 21

What is task duration?

Answer 21

The amount of time it takes to complete a specific task or activity within a project.

Question 22

What is product management?

Answer 22

Encompasses the strategic planning, development, and lifecycle management of a product or service.
Need to understand market needs, defining product strategy, gathering requirements, overseeing the product’s development, launch, and ongoing optimization.

Question 23

What are 5 areas of a project?

Answer 23

Resources, communications, risk, procurements, and stakeholders’ engagement

Question 24

What is a risk?

Answer 24

Potential events or situations that may occur in the future and have an impact on the project’s success. (the key is the unknown or “potential”, risk can become an issue)

Question 25

What are issues?

Answer 25

Problems or challenges that arise during the course of a project. They are typically negative events or circumstances that can hinder progress or impact project objectives.

Question 26

What are assumptions?

Answer 26

Statements or beliefs that are considered to be true or valid for the purpose of planning and decision-making.

Question 27

What are constraints?

Answer 27

Limitations or restrictions that affect project planning and execution.

Question 28

What are the 6 project constraints?

Answer 28

Scope
Schedule
Cost
Risk
Quality
Resources

Question 29

What are the two primary project management approaches?

Answer 29

Predictive (aka: traditional or waterfall)
Adaptive (aka: agile or iterative)

Question 30

What is the predictive PM approach?

Answer 30

Follows a linear and sequential process.
It involves detailed planning and documentation upfront, with a focus on predicting and defining the project scope, objectives, timeline, and deliverables. Extensive upfront planning. Sequential execution.

Question 31

What is the adaptive PM approach?

Answer 31

Focuses on flexibility, collaboration, and iterative development.
Embraces changes throughout the project and emphasizes continuous feedback and improvement. Iterative and incremental development

Question 32

What is emotional intelligence?

Answer 32

the ability to recognize, understand, and manage emotions, both in oneself and in others.

Question 33

What is management?

Answer 33

Focuses on tasks, processes, and operations to ensure efficient execution.
Managers have formal authority and responsibility within the organization.
Ensure established processes and procedures are followed.
Focus on achieving efficiency and optimizing resources.

Question 34

What is leadership?

Answer 34

Focuses on inspiring and influencing others
Involves setting direction, motivating and empowering individuals
They inspire and influence others
Encourage collaboration, trust, and empowerment