PM Framework and Processes

Question 1

What is Operational Process Assets (OPA)?

Answer 1

These are the organisations best practices, includes the organisations knowledge base and policy and procedures.

Question 2

What should the Operational Process Assets include?

Answer 2

The knowledge base will include;
lessons learnt library
project management database
project files
Defects 
Financial database

The policies and procedures will include;
Templates
Project lifecycle
change management process
communication process 
lessons learnt process

Question 3

What is Enterprise Environment Factors (EEF)?

Answer 3

EEF is any or all environmental factors either internal or external that can influence the projects success.

Question 4

Examples of internal EEF?

Answer 4

Influences within the organisation that impact the project such as culture, structure, resources, PMIS.

Question 5

Examples of external EEF?

Answer 5

Factors that fall in rest of the world; Usually not under the control of the organisation or project management team. Example of external would be market conditions, climate, covid 19

Question 6

What is a project charter?

Answer 6

The project charter is defined as a document issued by the project sponsor that formally authorises the existence of a project and provides the project manager with the authority to apply organisational resources to project activities.

Question 7

What is a program?

Answer 7

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

Question 8

What is a portfolio?

Answer 8

A portfolio is a collection of projects, programs, subsidiary portfolios and operations managed as a group to achieve strategic objectives.

Question 9

What is a project?

Answer 9

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

Question 10

What are the 10 knowledge areas?

Answer 10

Integration (7)
Scope (6)
Schedule (6)
Cost (4)
Quality (3)
Resource (6)
Communication (3)
Risk (7)
Procurement (3)
Stakeholder (4)

Question 11

What are the 5 process groups?

Answer 11

Initiation
Planning
Executing
Monitoring and Controlling
Closing

Question 12

What 2 processes are included in the initiation phase?

Answer 12

Develop project charter

Identifying stakeholders