What is project management? - CORRECT ANSWER The application of knowledge,
skills, tools, and techniques to project activities to meet project
... [Show More] requirements
What is a program? - CORRECT ANSWER A group of related projects, subprograms,
and program activities managed in a coordinated way to obtain benefits not available
from managing them individually.
What is a portfolio? - CORRECT ANSWER projects, programs, subportfolios, and
operations managed as a group to achieve strategic business objectives
What is a PMO? - CORRECT ANSWER An organizational structure that standardizes
the project related governance and facilitates the sharing of resources, methodologies,
tools, and techniques.
What is a constraint? - CORRECT ANSWER A limiting factor that affects the execution
of a project, program, portfolio, or process.
What is a stakeholder? - CORRECT ANSWER An individual, group, or organization that
may affect, be affected by, or perceive itself to be affected by a decision, activity, or
outcome of a project.
What is a project management system? - CORRECT ANSWER The aggregation of the
processes, tools, techniques, methodologies, resources, and procedures to manage a
project
What are the stages of a product life cycle? - CORRECT ANSWER Concept, delivery,
growth, maturity, retirement
What is the benefit of portfolio management? - CORRECT ANSWER Better alignment
of projects and programs with organizational objectives, with the goal being to maximize
the value of the entire portfolio
What are the common characteristics of project life cycles? - CORRECT ANSWER The
phases are sequential in nature; they embrace the transfer of technical information from
one phase to another as necessary; costs and staffing levels are usually low at the
beginning, peak somewhere in the middle, drop off rapidly toward the end
When does the life cycle of a product or service begin? - CORRECT ANSWER At its
conception, it ends with closure. This cycle can begin with an assessment of the product
or service from a business perspective, continue with the hand off to operations, and
end with discontinuation or completion of the product or service.
What are some examples of project stakeholders? - CORRECT ANSWER Customer or
end user, sponsor, project management office, project manager, project team,
functional managers, operations management, senior management, influences,
performing organization
What are some examples of organizational structures? - CORRECT ANSWER Organic
or simple, functional (centralized), multi divisional, matrix strong, weak, balanced,
project oriented, hybrid, PMO [Show Less]