Chapter 1 - Project Management Concepts

Question 1

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

Answer 1

PROJECT MANAGEMENT

Question 2

The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.

Answer 2

PROJECT MANAGER (PM)

Question 3

A limiting factor that affects the execution of a project, program, portfolio, or process.

Answer 3

CONSTRAINT

Question 4

Any unique and verifiable product, result, or capability to perform a service that is produced to complete a process, phase, or project.

Answer 4

DELIVERABLE

Question 5

A factor in the planning process that is considered to be true, real, or certain without proof or demonstration.

Answer 5

ASSUMPTION

Question 6

Person in a low-authority project management position who reports to a higher-level manager and has some authority and can make some decisions.

Answer 6

COORDINATOR

Question 7

An organizational structure in which staff is grouped by areas of specialization and the project manager has limited authority to assign work and apply resources.

Answer 7

FUNCTIONAL ORGANIZATION

Question 8

A group of related projects and activities managed in a coordinated way to obtain benefits not available from managing them individually.

Answer 8

PROGRAM

Question 9

A concept that is unique to each organization and includes tangible and intangible elements. Through the effective use of project, program, and portfolio management disciplines, organizations will possess the ability to employ reliable, established processes to meet enterprise objectives and obtain a greater level of this from their investments.

Answer 9

BUSINESS VALUE

Question 10

The components that comprise the key functions or principles of general management in the organization, are allocated within the organization according to its governance framework and the organizational structure type selected.

Answer 10

MANAGEMENT ELEMENTS

Question 11

A set of technological/software tools and techniques used to gather, integrate, and disseminate the outputs of project management processes

Answer 11

PROJECT MANAGEMENT INFORMATION SYSTEM (PMIS)

Question 12

Any organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.

Answer 12

MATRIX ORGANIZATION

Question 13

Projects, programs, and operations managed as a group to achieve strategic objectives.

Answer 13

PORTFOLIO

Question 14

A set of individuals who support the project manager in performing the work of the project to achieve its objectives.

Answer 14

PROJECT TEAM

Question 15

An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio.

Answer 15

STAKEHOLDER

Question 16

Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.

Answer 16

ORGANIZATIONAL PROCESS ASSETS (OPAS)

Question 17

The members of the project team who are directly involved in project management activities.

Answer 17

PROJECT MANAGEMENT TEAM

Question 18

The ongoing, repetitive processes an organization uses to produce the products or services necessary to fulfill its mission.

Answer 18

OPERATIONS

Question 19

The application of knowledge, skills, tools, and techniques to a group of related projects to meet the overall group requirements and to obtain benefits and control not available by managing projects individually.

Answer 19

PROGRAM MANAGEMENT

Question 20

Staff assistant filling the role of project manager but who cannot make or enforce decisions.

Answer 20

EXPEDITOR

Question 21

Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio.

Answer 21

ENTERPRISE ENVIRONMENTAL FACTORS (EEFS)

Question 22

An organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques.

Answer 22

PROJECT MANAGEMENT OFFICE (PMO)

Question 23

The framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals.

Answer 23

PROJECT GOVERNANCE

Question 24

The centralized control of one or more sets of activities or deliverables to achieve strategic objectives.

Answer 24

PORTFOLIO MANAGEMENT

Question 25

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

Answer 25

ORGANIZATIONAL PROJECT MANAGEMENT (OPM)

Question 26

The net quantifiable benefit derived from a business endeavor. The benefit may be tangible, intangible, or both.

Answer 26

BUSINESS VALUE

Question 27

A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. Project Management Process Groups are not project phases.

Answer 27

PROJECT MANAGEMENT PROCESS GROUP

Question 28

A document established by an authority, custom, or general consent as a model or example.

Answer 28

STANDARD

Question 29

The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.

Answer 29

PROGRESSIVE ELABORATION

Question 30

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

Answer 30

PROJECT