MANAGEMENT QUESTION SET WITH
RATIONALES AND RISK AND QUALITY
MANAGEMENT REVIEW 2026
◉ Portfolio.
Answer: Projects, programs, subsidiary portfolios, and operations
managed as a group to achieve strategic objectives
◉ Program.
Answer: A group of related projects, subprograms, and program
activities managed in a coordinated way to obtain benefits and
control not available from managing them individually.
◉ Program Manager.
Answer: A person who provides leadership and direction for the
project managers heading the projects within a program
◉ Project.
Answer: A temporary endeavor undertaken to create a unique
product, service, or result.
,◉ Project and Portfolio Management Software.
Answer: Software that integrates information from multiple projects
to show the status of active, approved, and future projects across an
entire organization; also called enterprise project management
software
◉ Project Management.
Answer: The application of knowledge, skills, tools, and techniques
to project activities to meet project requirements
◉ Project Management Institute.
Answer: An international professional society for project managers
◉ Project Management Knowledge Areas.
Answer: Project integration management, scope, time, cost, quality,
human resource, communications, risk, procurement, and
stakeholder management
◉ Project Management Office (PMO).
Answer: an organizational group responsible for coordinating the
project management functions throughout an organization
◉ Project Management Professional (PMP).
, Answer: Certification provided by PMI that requires documenting
project experience and education, agreeing to follow the PMI code of
ethics, and passing a comprehensive exam
◉ Project Management Tools and Techniques.
Answer: Methods available to assist project managers and their
teams; some popular time-management tools include Gantt charts,
network diagrams, and critical path analysis
◉ Project Manager.
Answer: The person responsible for working with the project
sponsor, the project team, and the other people involved in a project
to meet project goals
◉ Project Portfolio Management or Portfolio Management.
Answer: When organizations group and manage projects as a
portfolio of investments that contribute to the entire enterprise's
success
◉ Project Sponsor.
Answer: The person who provides the direction and funding for a
project
◉ Servant Leader.