MBA 742 Exam 1 Questions and
Answers 100% Solved
a temporary endeavor undertaken to create a unique product, service, or result -
CORRECT ANSWER-project
the application of knowledge, skills, tools, and techniques to project activities to
meet the project requirements - CORRECT ANSWER-project management
a group of related projects managed in a coordinated way to obtain benefits (and
control) not available managing them individually - CORRECT ANSWER-
program
what are the five project management process groups - CORRECT ANSWER-1.
initiation
2. planning
3. executing
4. monitoring and controlling
5. closing
, what term focuses on doing programs and projects the "right" way - CORRECT
ANSWER-program management
what term focuses on doing the "right" programs and projects - CORRECT
ANSWER-portfolio management
what are the 5 benefits of standardizing project management within an
organization - CORRECT ANSWER-1. common language
2. common processes
3. singular methodology and training
4. benchmarking
5. continuous improvement
what are 6 examples of governance criteria - CORRECT ANSWER-1. what is the
financial benefit of the project? ROI?
2. market need
3. market competition
4. market future positioning
5. operations and maintenance costs
6. regulation
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
Answers 100% Solved
a temporary endeavor undertaken to create a unique product, service, or result -
CORRECT ANSWER-project
the application of knowledge, skills, tools, and techniques to project activities to
meet the project requirements - CORRECT ANSWER-project management
a group of related projects managed in a coordinated way to obtain benefits (and
control) not available managing them individually - CORRECT ANSWER-
program
what are the five project management process groups - CORRECT ANSWER-1.
initiation
2. planning
3. executing
4. monitoring and controlling
5. closing
, what term focuses on doing programs and projects the "right" way - CORRECT
ANSWER-program management
what term focuses on doing the "right" programs and projects - CORRECT
ANSWER-portfolio management
what are the 5 benefits of standardizing project management within an
organization - CORRECT ANSWER-1. common language
2. common processes
3. singular methodology and training
4. benchmarking
5. continuous improvement
what are 6 examples of governance criteria - CORRECT ANSWER-1. what is the
financial benefit of the project? ROI?
2. market need
3. market competition
4. market future positioning
5. operations and maintenance costs
6. regulation
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
