#1 General

Question 1

Define a “project”

Answer 1

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

Question 2

Define a “deliverable”

Answer 2

Any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project. Deliverables may be tangible or intangible.

Question 3

Types of deliverables

Answer 3

A unique product
A unique service or capability to perform a service
A unique result (outcome or document)
A unique combination

Question 4

Temporary endeavor

Answer 4

Temporary nature f projects indicates that a project has a definite beginning and end.

Question 5

End of a project

Answer 5

Objectives have been reached
Objectives can not or will not be met
Funding is exhausted
Need no longer exists
Resources no longer available
terminated for legal or convenience

Question 6

Projects drive change

Answer 6

Yes

Question 7

Project initiation fundamental categories

Answer 7

Meet regulatory, legal, social requirements
Satisfy stakeholders
Implement change
Create, improve, fix products/processes/services

Question 8

Define Project Management

Answer 8

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

Question 9

3 scenarios for PM

Answer 9

Stand alone
within a program
within a portfolio

Question 10

Define portfolio

Answer 10

Projects, programs, subsidiary portfolios managed as a group to achieve strategic objectives

Question 11

Program vs portfolio management

Answer 11

Program & project focus on doing things the right way

Portfolio focuses on doing the right projects/programs

Question 12

Define program management

Answer 12

The application of knowledge, skills and principles to a program to achieve objectives and obtain benefits

Question 13

Program management focuses on…

Answer 13

the interdependencies between projects

Question 14

Operations management is…

Answer 14

concerned with the ongoing production of goods and/or services

Question 15

Portfolio management aligns portfolios with organizational strategies

Answer 15

yes

Question 16

Program management harmonizes its program components and controls interdependencies

Answer 16

yes

Question 17

Project management enables the achievement of goals and objectives

Answer 17

yes

Question 18

Define Organizational Project Management

Answer 18

OPM is a framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives.