PROJECT MANAGEMENT - MODULE 1
EXAM QUESTIONS WITH RIGHT ACTUAL
SOLUTIONS.
Project - Correct Answer -Temporary endeavor undertaken to create a unique product, service or
result with a definite beginning and end.
Project Management - Correct Answer -Application of knowledge, skills, tools and techniques to
project activities to MEET the project requirements
Project Manager - Correct Answer -Person assigned by the performing organization to lead the team
that is responsible for achieving the project objectives.
Responsible for satisfying the needs: tasks needs, team needs, and individual needs..
Link between the strategy and the team.
5 Project Management Process Groups - Correct Answer -Initiating, Planning, Executing, Monitoring
and Controlling, Closing
Initiating Process Group - Correct Answer -Those processes performed to define a new project or
phase by obtaining authorization to start.
Planning Process Group - Correct Answer -Those processes required to establish the scope, refine the
objectives, and define the course of action required to attain the project objectives.
Executing Process Group - Correct Answer -Those processes performed to complete the work
defined in the project management plan.
Monitoring and Controlling Process Group - Correct Answer -Those processes required to track,
review and regulate the progress of the project.
Closing Process Group - Correct Answer -Those processes performed to finalize all activities across
to formally close the project or phase.
1
, 10 Knowledge Areas - Correct Answer -Integration Management
Scope Management
Time Management
Cost Management
Quality Management
Human Resource Management
Communication Management
Risk Management
Procurement Management
Stakeholder Management
Triple constraints - Correct Answer -Scope Management
Time Management
Cost Management
*most be locked in with base line
** changes to one constraint will cause changes to another
3 facets Knowledge Area Processes comprised of - Correct Answer -Inputs
Tools and Techniques
Outputs
Program VS Portfolio Management - Correct Answer -Program is a group of RELATED projects,
subprograms, and program activities managed in a coordinated way to obtain benefits not available
from managing them individually.
Portfolio refers to NON- RELATED projects, programs, sub-portfolios, and operations managed as a
group to achieve strategic objectives.
(PMO) Project Management Office - Correct Answer -Management structure that standardizes the
project-related governance processes and facilitates the sharing of resources, methodologies, tools and
techniques.
3 types of PMO structures - Correct Answer -Supportive - provide a consultative role to projects by
supplying templates, best practices and training.
2
EXAM QUESTIONS WITH RIGHT ACTUAL
SOLUTIONS.
Project - Correct Answer -Temporary endeavor undertaken to create a unique product, service or
result with a definite beginning and end.
Project Management - Correct Answer -Application of knowledge, skills, tools and techniques to
project activities to MEET the project requirements
Project Manager - Correct Answer -Person assigned by the performing organization to lead the team
that is responsible for achieving the project objectives.
Responsible for satisfying the needs: tasks needs, team needs, and individual needs..
Link between the strategy and the team.
5 Project Management Process Groups - Correct Answer -Initiating, Planning, Executing, Monitoring
and Controlling, Closing
Initiating Process Group - Correct Answer -Those processes performed to define a new project or
phase by obtaining authorization to start.
Planning Process Group - Correct Answer -Those processes required to establish the scope, refine the
objectives, and define the course of action required to attain the project objectives.
Executing Process Group - Correct Answer -Those processes performed to complete the work
defined in the project management plan.
Monitoring and Controlling Process Group - Correct Answer -Those processes required to track,
review and regulate the progress of the project.
Closing Process Group - Correct Answer -Those processes performed to finalize all activities across
to formally close the project or phase.
1
, 10 Knowledge Areas - Correct Answer -Integration Management
Scope Management
Time Management
Cost Management
Quality Management
Human Resource Management
Communication Management
Risk Management
Procurement Management
Stakeholder Management
Triple constraints - Correct Answer -Scope Management
Time Management
Cost Management
*most be locked in with base line
** changes to one constraint will cause changes to another
3 facets Knowledge Area Processes comprised of - Correct Answer -Inputs
Tools and Techniques
Outputs
Program VS Portfolio Management - Correct Answer -Program is a group of RELATED projects,
subprograms, and program activities managed in a coordinated way to obtain benefits not available
from managing them individually.
Portfolio refers to NON- RELATED projects, programs, sub-portfolios, and operations managed as a
group to achieve strategic objectives.
(PMO) Project Management Office - Correct Answer -Management structure that standardizes the
project-related governance processes and facilitates the sharing of resources, methodologies, tools and
techniques.
3 types of PMO structures - Correct Answer -Supportive - provide a consultative role to projects by
supplying templates, best practices and training.
2
