Chapter 1 - Introduction (1.0)

Question 1

What are the 5
Project Management Process Groups?

Answer 1

1. Initiating
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing

Question 2

Describe the Initiating process group

Answer 2

Those processes performed to
define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.

Question 3

Describe the Planning process group?
(ES, RO, DCoA)

Answer 3

Those processes required to
establish the scope of the project,
refine the objectives,
and define the course of action required to attain the objectives that the project was undertaken to achieve.

Question 4

Describe the Executing process group

Answer 4

Those processes performed to
complete the work defined
in the project management plan to satisfy the project requirements.

Question 5

Describe the Monitoring & Controlling process group
(T, R, R, Ch)

Answer 5

Those processes required to
track, review, and regulate the progress and performance of the project;
identify any areas in which changes to the plan are required; and initiate the corresponding changes.

Question 6

De

Describe the Closing process group

Answer 6

Those processes performed to
formally complete or close the project, phase, or contract.

Question 7

Project Management
(K, S, T, T)

Answer 7

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

Question 8

What is a temporary endeavor undertaken to create a unique product, service, or result.

Answer 8

Project

Question 9

What are related projects, subsidiary programs, and program activities that are managed in a coordinated manner to obtain benefits not available from managing them individually.

Answer 9

Program

Question 10

What is the application of knowledge, skills, and principles to a program to achieve the program objectives and obtain benefits and control not available by managing program components individually.

Answer 10

Program Management

Question 11

What type of work can be included in program managment?

Answer 11

Work outisde the scope of the discrete projects in a program that may be operational in nature

Question 12

Program management supports organizational strategies by?
(A, C, T, MI)

Answer 12

authorizing, changing, or terminating projects and managing their interdependencies.

Question 13

What are projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives called?

Answer 13

Portfolio

Question 14

What is the centralized management of one or more portfolios to achieve strategic objectives called?

Answer 14

Porfolio Management

Question 15

Portfolio management focuses on what?
(COO, ORA)

Answer 15

1. ensuring the portfolio is performing consistent with the organization’s objectives and
2. evaluating portfolio components to optimize resource allocation.

Portfolios may include work that is operational in nature.

Question 16

What are the three separate scenarios projects may be managed?

Answer 16

1. as a stand alone project that is outside of a program or portfolio
2. within a program
3. within a portfolio

Question 17

What is the the ongoing production of goods and/or services called?

Answer 17

Operations Management

Question 18

What ensures that business operations continue efficiently by using the optimal resources needed to meet customer demands?

Answer 18

Operations Management

Question 19

What is concerned with managing processes that transform inputs
(e.g., materials, components, energy, and labor) into outputs (e.g., products, goods, and/or services)?

Answer 19

Operations Management

Question 20

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

Answer 20

Organizational project management (OPM)

Question 21

OPM provides provides a framework that enables organizations to do what?

Answer 21

consistently and predictably deliver on organizational strategy,

producing better performance; better results; and a sustainable, competitive advantage.

Question 22

Why are projects undertaken?

Answer 22

to fulfill objectives by producing deliverables that result in the desired outcomes.

Question 23

An outcome toward which work is to be directed, a strategic
position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed is called what?

Answer 23

Objective

Question 24

Any unique and verifiable product, result, or capability to perform a service that is required to complete a process, phase, or project is called what?

Answer 24

Deliverable
(may be tangible or intangible)

Question 25

The successful completion of a project results in?

Answer 25

The organization moving to the future state and achieving the specific objective.