Chapter 1 - Introduction 6%

Question 1

A logical grouping of project management inputs, tools and techniques, and outputs. These ______ are Initiating, Planning, Executing, Monitoring and Controlling, and Closing.

Answer 1

Project Management Process Groups

Question 2

The series of phases that a project passes through from its start to its completion.

Answer 2

Project life cycle

Question 3

Raw observations and measurements identified during activities performed to carry out the project work. It is gathered and stored in the project management information system.

Answer 3

Work performance data

Question 4

Life cycle: The project scope, time, and cost are determined in the early phases Any changes to the scope are carefully managed. May also be referred to as waterfall life cycles.

Answer 4

Predictive

Question 5

Life cycle: The project scope is generally determined early in the project life cycle, but time and cost estimates are routinely modified as the project team’s understanding of the product increases. Iterations develop the product through a series of repeated cycles, while increments successively add to the functionality of the product

Answer 5

Iterative

Question 6

Life Cycle: The deliverable is produced through a series of iterations that successively add functionality within a predetermined time frame. The deliverable contains the necessary and sufficient capability to be considered complete only after the final iteration.

Answer 6

Incremental

Question 7

Life Cycle: Agile, Iterative, or Incremental. The detailed scope is defined and approved before the start of an iteration. Also referred to as agile or change-driven life cycles.

Answer 7

Adaptive

Question 8

Life Cycle: Combination of predictive and adaptive life cycle. Those elements of the project that are well known or have fixed requirements follow a predictive development life cycle, and those elements that are still evolving follow an adaptive development life cycle.

Answer 8

Hybrid

Question 9

The PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on it.

Answer 9

A Guide to the Project Management Body of Knowledge (PMBOK Guide)

Question 10

The areas of expertise, industry, or function where a project is centered. Examples include architecture, IT, healthcare, and manufacturing.

Answer 10

Application Areas

Question 11

The net quantifiable benefit from a business endeavor. The benefit may be tangible (equipment, money, or market share) or intangible (brand recognition, trademarks, and reputation).

Answer 11

Business Value

Question 12

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

Answer 12

Project

Question 13

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

Answer 13

Deliverable

Question 14

A group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.

Answer 14

Program

Question 15

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 15

Progressive Elaboration

Question 16

The document that describes how and when benefits of the project will be delivered and describes the mechanisms that should be in place to measure those benefits.

Answer 16

Project Benefits Management Plan

Question 17

A documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for authorization of further project management activities.

Answer 17

Project Business Case

Question 18

The centralized management of one or more portfolios to achieve strategic objectives.

Answer 18

Portfolio Management

Question 19

The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas.

Answer 19

Work Performance Information

Question 20

The physical or electronic representation of work performance information compiled in project documents, which is intended to generate decisions or raise issues, actions, or awareness.

Answer 20

Work Performance Reports

Question 21

An identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques

Ten most common and in PMBOK:

1. Project Integration Mgmt
2. Project Scope Mgmt
3. Project Schedule Mgmt
4. Project Cost Mgmt
5. Project Quality Mgmt
6. Project Resource Mgmt
7. Project Communications Mgmt
8. Project Risk Mgmt
9. Project Procurement Mgmt
10. Project Stakeholder Mgmt

Answer 21

Project Management Knowledge Area

Question 22

Collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.

Answer 22

Portfolio

Question 23

A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success. Generally accountable for the development and maintenance of the project business case document.

Answer 23

Project Sponsor

Question 24

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

Answer 24

Project Management

Question 25

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

Answer 25

Program management

Question 26

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

Answer 26

Organizational Project Management (OPM)

Question 27

A collection of logically related project activities that culminates in the completion of one or more deliverables.

Answer 27

Project phase

Question 28

A 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 project or program.

Answer 28

Phase gate (AKA phase review, stage gate, kill point, and phase entrance or phase exit)

Question 29

A document issued by the project sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.

Answer 29

Project Charter

Question 30

The document that describes how the project will be executed, monitored, and controlled.

Answer 30

Project Management Plan

Question 31

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

Answer 31

Initiating

Question 32

Process Group: 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.

Answer 32

Planning

Question 33

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

Answer 33

Executing

Question 34

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

Answer 34

Monitoring and Controlling

Question 35

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

Answer 35

Closing