Chapter 1

Question 1

What is a project?

Answer 1

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

Question 2

What is project management?

Answer 2

-The application of knowledge, skills, tools and techniques to project activities in order to meet their requirements
-It typically addresses needs, concerns and expectations of stakeholders

Question 3

There are ____ processes divided into _____ process groups

Answer 3

There are 42 processes divided into 5 process groups

Question 4

What are the 5 process groups?

Answer 4

-Initiating
-Planning
-Executing
-Monitoring/Controlling
-Closing

Question 5

Project management typically balances project constraints such as?

Answer 5

-Scope
-Quality
-Schedule
-Budget
-Resources
-Risk

Question 6

What are some strategic planning/considerations?

Answer 6

-Market demand
-Strategic opportunity/business need
-Customer request
-Technological advance
-Legal requirements

Question 7

What is a Project Management Office (PMO)?

Answer 7

-An organizational body that’s assigned various responsibilities related to all projects
-Responsibilities of a PMO can range from PM support to being responsible for a project itself
-PMO is different depending on the needs of the organization

Question 8

What are 2 differences between PMO and Project Managers?

Answer 8

-PM focuses on specific project objectives whereas PMO manages major program scope changes
-PM manages the constraints of individual projects while PMO manages methodologies, standards, overall risk/opportunity and interdependencies between projects at the enterprise level.

Question 9

What are some examples of operations management?

Answer 9

-Production, manufacturing, and accounting

-It should be noted that operations require process management or operations management and they’re an ongoing function

Question 10

What are enterprise environmental factors?

Answer 10

-Internal and external environmental factors that influence a projects success (considered inputs to most planning procedures)

Question 11

What are the specific enterprise environmental factors?

Answer 11

-Organizational culture, structure and processes

-Government or industry standards

-Infrastructure

-Existing human resources

-Personnel administration

-Company work authorization systems

-Marketplace conditions

-Stakeholder risk tolerances

-Political climate

-Organization’s established communications channels

-Commercial databases

-Project management information systems