OPRE 3330 EXAM 1 – ALBORZ QUESTIONS &
ANSWERS
Projects are - - Answers -temporary and unique
Project characteristics - - Answers -temporary, defined beginning and end, requires
coordination, unique
Project classifications - - Answers -industry, size, project scope and application
5 process groups - Answers -1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing
PMO (project management office) - Answers -An organizational body or entity assigned
various responsibilities related to the centralized and coordinated management of those
projects under its domain
Business value is - Answers -highly subjective measure because it involves estimating
the value of intangible assets like trade secrets, trademarks, public benefit, and
recognition
Triple Constraint - Answers -schedule, cost, scope
AKA project management triangle
Project management plan - Answers -APPROVED document about project execution,
delivery and closing
Stakeholder - Answers -could be affected by decision, activity or outcome of a future
project
As a project manager you must - - Answers -- identify share holders as soon as you
can
- determine stakeholders expectations
- communicate w/ stakeholders regularly
Project manager characteristics - - Answers -- Knowledgable
- Preformes well
- Personable
PV - Answers -Present Value
ANSWERS
Projects are - - Answers -temporary and unique
Project characteristics - - Answers -temporary, defined beginning and end, requires
coordination, unique
Project classifications - - Answers -industry, size, project scope and application
5 process groups - Answers -1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing
PMO (project management office) - Answers -An organizational body or entity assigned
various responsibilities related to the centralized and coordinated management of those
projects under its domain
Business value is - Answers -highly subjective measure because it involves estimating
the value of intangible assets like trade secrets, trademarks, public benefit, and
recognition
Triple Constraint - Answers -schedule, cost, scope
AKA project management triangle
Project management plan - Answers -APPROVED document about project execution,
delivery and closing
Stakeholder - Answers -could be affected by decision, activity or outcome of a future
project
As a project manager you must - - Answers -- identify share holders as soon as you
can
- determine stakeholders expectations
- communicate w/ stakeholders regularly
Project manager characteristics - - Answers -- Knowledgable
- Preformes well
- Personable
PV - Answers -Present Value
