pg pm-pmp 11.06.23 pmbok : chapter 1

Question 1

Definition of a Project

Answer 1

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

Question 2

Why are projects undertaken to fulfill objectives by?

Answer 2

by producing deliverables that result in the desired outcomes.

Question 3

deliverable

Answer 3

deliverableis defined as any unique and verifiable product, result, or capability to perform a service.

Question 4

Are deliverables tangible or intangible?

Answer 4

Deliverables may be tangible or intangible.

Question 5

project management body of knowledge (PMBOK)

Answer 5

as a term that describes the knowledge within the profession of project management.

Question 6

What is the project management book of knowledge?

Answer 6

pmbok

Question 7

project management body of knowledge (PMBOK)

Answer 7

includes proven traditional practices that are widely applied as well as innovative practices that are emerging in the profession.

Question 8

Temporary endeavor.

Answer 8

The temporary nature of projects indicates that a project has a definite beginning and end.

Question 9

Does temporary mean that a project has a short duration

Answer 9

Temporary does not necessarily mean a project has a short duration.

Question 10

The end of the project is reached when one or more of the following is true:

Answer 10

The project’s objectives have been achieved; Funding is exhausted or no longer available for allocation to the project; The human or physical resources are no longer available; or

Question 11

True or false: Projects are temporary, but their deliverables may exist beyond the end of the project.

Answer 11

True

Question 12

benefit from projects may be

Answer 12

tangible, intangible, or both

Question 13

Examples of tangible benefits:

Answer 13

Monetary assets, Utility, Tools, and

Question 14

Examples of intangible benefits:

Answer 14

Goodwill, Public benefit, Strategic alignment, and

Question 15

What is Project Management?

Answer 15

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Question 16

What is a Program?

Answer 16

A Program is a group of related projects that are managed in a coordinated way to obtain benefits not available from managing them individually.

Question 17

What is a Portfolio?

Answer 17

A Portfolio is a collection of projects, programs, and operations

Question 18

Program and project management

Answer 18

focus on doing programs and projects the “right” way;

Question 19

Portfolio management

Answer 19

focuses on doing the “right” programs and projects.

Question 20

where can I find a photo of a sample portfolio?

Answer 20

first packet page 10

Question 21

Project Phase

Answer 21

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

Question 22

How can the phased of a life cycle be described?

Answer 22

The phases in a life cycle can be described by a variety of attributes. Attributes may be measurable and unique to a specific phase.

Question 23

May projects be separated into distinc phases or components?

Answer 23

yes

Question 24

where can I find a photo of a sample project phase?

Answer 24

first packet page 11

Question 25

A phase gate is also known as?

Answer 25

review

Question 26

where can I find a photo of a sample phase gate

Answer 26

first packet page 12

Question 27

How many Project Management Processes are there

Answer 27

There are a total of 49 processes,

Question 28

Are all of the 49 processes used for each project?

Answer 28

no, all processes may generally not be used.

Question 29

How i project management accomplished

Answer 29

Project management is accomplished through the appropriate application and integration of logically grouped processes.

Question 30

Can outputs be deliverables or outcomes

Answer 30

The outputs can be deliverables or outcomes. Outcomes are the end result of a process.

Question 31

Project Business Documents how many

Answer 31

2

Question 32

What are the Project Business Documents

Answer 32

Business Case and Benefits Management Plan

Question 33

where can I find a photo of a sample Project Charter, project Management Plan, And Project Documents

Answer 33

first packet page 15

Question 34

Three questions that the key stakeholders and the project manager should answer are:

Answer 34

What does success look like for the project?
*How will success be measured?
*What factors may impact success?

Question 35

Financial success measures may include:

Answer 35

*NPV
*ROI
*IRR
*PBP
*BCR