Chapter 1 - Introduction (1.1)

Question 1

What is the the net quantifiable benefit derived from a business endeavor called?

Answer 1

Business value
(PMI definition)

Question 2

What are the four fundamental categories for factors that initiate projects in an organization?
(R, SR, BN, S)

Answer 2

Meet regulatory, legal, or social requirements;
Satisfy stakeholder requests or needs;
Create, improve, or fix products, processes, or services related to business needs;
and Implement or change business or technological strategies

Question 3

What are the 5 key components to a project?
(LC, Ph, PhG, P, PG)

Answer 3

1. Life cycle
2. Phase
3. Phase Gate
4. Project management processes
5. Project management process groups

Question 4

What are the series of phases that a project passes through from its start to its completion called?

Answer 4

Project Life Cycle

Question 5

What provides the basic framework for managing a project?

Answer 5

Project Life Cycle

Question 6

Within a project life cycle, there are generally one or more phases that are associated with the development of the product, service, or result. What are these called?

Answer 6

Development Life Cycles

Question 7

What is the series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement called?

Answer 7

Product Life Cycle

Question 8

Name 3 project life cycles

Answer 8

1. Predictive
2. Adaptive
3. Hybrid

Question 9

What are related project activities that culminate in the completion of one or more deliverables called?

Answer 9

Project Phase

Question 10

What are phases in a life cycle described by?

Answer 10

Attributes

Question 11

Name 6 examples of an attribute?

Answer 11

1. Name
2. Number
3. Duration
4. Resource requirements
5. Entrance criteria
6. Exit criteria

Question 12

What is the review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a program or project called?

Answer 12

Phase Gate

Question 13

Name 4 business documents commonly considered at a phase gate?
(PBC, PC, PMP, BMP)

Answer 13

1. Project business case
2. Project charter
3. Project management plan
4. Benefits management plan

Question 14

What are a systematic series of activities directed toward causing an end result where one or more inputs will be acted upon to create one or more outputs called?

Answer 14

Project Management Process

Question 15

What is the grouping of project management inputs, tools and techniques, and outputs called?

Answer 15

Project Management Process Group

Question 16

Project management processes are logically linked by?

Answer 16

The outputs they produce

Question 17

Project management is accomplished through?
(A, I, P)

Answer 17

Tthe appropriate application and integration of logically grouped project management processes.