Business Environment

Question 1

Governance Domains

Answer 1

Alignment, Performance, Risk, Communications

Question 2

Governance Functions

Answer 2

Oversight, Decision-Making, Integration, Control

Question 3

Implement Governance Framework

Answer 3

Assess, Plan, Implement, Improve

Question 4

DMAIC

Answer 4

Define, Measure, Analyze, Improve and Control

Question 5

Organizational Project Management (OPM)

Answer 5

Alignment of project, program and portfolio management practices with organizational strategy and goals

Question 6

Strategic long term planning

Answer 6

Practice of planning for the products or services the organization will need in 3-5 years

Question 7

How are projects created?

Answer 7

Market demand, legal needs, technology updates, and customer or org needs

Question 8

Portfolios

Answer 8

Aligned with the companies strategy, can be prioritized, measured and ranked so they can be more effectively managed

Question 9

Portfolio management

Answer 9

Coordinated management of one or more portfolios to align with the overall strategic goals of the company

Question 10

Portfolio

Answer 10

Group of programs and projects that are centrally managed to align with the company’s strategic plan

Question 11

TRUE OR FALSE: Portfolio management focuses on doing the right work while project management focuses on doing the work right

Answer 11

TRUE

Question 12

Program

Answer 12

Group of projects that is some way related. Overall large scope of work that involves multiple projects and is established to effect a better means of control

Question 13

What do projects deliver?

Answer 13

Deliver products, services, or results not benefits

Question 14

Program management

Answer 14

Coordinated management of the projects within a program to align with the strategic goals of the company

Question 15

What are the first two project documents created?

Answer 15

Benefits management plan and business case, they determine the charter

Question 16

Project Management Life Cycle

Answer 16

5 process groups: initiating, planning, executing, monitoring and controlling and closing

Question 17

Project Management System

Answer 17

Procedures, tools and techniques, processes, methodologies, used to manage projects (Agile, waterfall, hybrid, kanban, lean)

Question 18

Project Management

Answer 18

Application of information, skills, tools, and techniques to project activities in order to meet project needs

Question 19

Project Life Cycle

Answer 19

Each phase describes the work being performed, who is performing the work, the deliverables, and the approval process

Question 20

Product Life Cycle

Answer 20

Includes the product or service from concept to divestment (closure) starting with the business plan, moving through the project that results in the product or service then transitioning the product/service to operations and ending with the retirement of the product or service

Question 21

Interpersonal skills

Answer 21

Communication, influence, leadership, motivation, negotiation, team building, decision-making, and political and cultural awareness

Question 22

Project

Answer 22

Temp initiative that creates business value. It has a specific purpose, creates unique results, drives organizational change and has definitive start and finish

Question 23

Project Management Office (PMO)

Answer 23

Group that standardizes project governance and simplifies the sharing of resources, tools, techniques and methodologies

Question 24

PMO

Answer 24

Directive, Controlling and Supportive

Question 25

Triple Constraint

Answer 25

Scope, Schedule and cost

Question 26

Which triple constraint is most importatnt?

Answer 26

NONE, All equal importance

Question 27

Process Groups

Answer 27

Initiating, planning, executing, monitoring and controlling and closing

Question 28

Phases

Answer 28

Iterative relationship, planning for the successor phase conducted while work is being performed on the current phase

Question 29

Phase gate is also known as a

Answer 29

kill point

Question 30

Adaptive life cycle

Answer 30

Embrace change and involving significant stakeholder interaction with a focus on the incremental release of work, every 2-4 weeks. Fixed time and resources (AGILE)