Version 5 Chapter 1 (Introduction)

Question 1

Project

Answer 1

A temporary endeavor to create a unique product, service, or result

Question 2

Project Drive Change

Answer 2

Moves an organization from one state to another.

Question 3

Project Enable Business value Creation

Answer 3

Net Qualified benefit derived from business endeavor.

Question 4

Project Initiation Context

Answer 4

Project started do to a response to factors acting upon the organization.

Question 5

Program

Answer 5

Group of related projects (to achieve one goal).

Question 6

Mega Program

Answer 6

Over 1 billion

Question 7

Portfolio

Answer 7

Group of programs and projects. (Company Objective)

Question 8

Project Crosses Program Management

Answer 8

Development of Product, Improving Operations, end of life cycle, closeout

Question 9

Organizational Project Management (OPM)

Answer 9

OPM is the frame work in which portfolio, program, and project management are integrated to meet the strategic objective.

Question 10

Project and development Life Cycles

Answer 10

Predictive (waterfall), Iterative, Incremental, Adaptive, Hybrid.

Question 11

Iterative life cycle

Answer 11

Scope defined, time and cost are modified as the project progresses. Repetitive Life Cycles

Question 12

Incremental life cycle

Answer 12

Successive interactions that add functionality to the completed product.

Question 13

Adaptive life cycle

Answer 13

Agile, the scope is defined by each iteration.

Question 14

Hybrid life Cycle

Answer 14

predictive and adaptive

Question 15

Project Phase

Answer 15

Project activities the culminate in the completion of one or more deliverables.

Question 16

Phase Gate

Answer 16

Held at the end of a phase.

Question 17

Process Groups?

Answer 17

Initiating, Planning, Execution, Monitor and Control, Closing

Question 18

Project Management Knowledge areas

Answer 18

Integration, Scope, Schedule, Cost, Quality, Resource, Risk, Procurement, Stakeholders

Question 19

Project Benefit Management Plan

Answer 19

Describes how and WHEN the benefits of a project will be delivered.

Question 20

Project Charter

Answer 20

Document issued by Project Sponsor the authorizes the project.

Question 21

Project Plan

Answer 21

Describes how a project will be executed, monitored and controlled.