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PROJECT MANAGEMENT COMPLETE EXAMINATION TEST QUESTIONS WITH VERIFIED SOLUTIONS

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PROJECT MANAGEMENT COMPLETE EXAMINATION TEST QUESTIONS WITH VERIFIED SOLUTIONS

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PROJECT MANAGEMENT COMPLETE
EXAMINATION TEST QUESTIONS WITH
VERIFIED SOLUTIONS

●● program
Answer: a group of related projects Pg 13


●● project
Answer: an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13


●● charter
Answer: a document that, like a contract, is agreed upon by the sponsor
and key stakeholders. It defines the project and authorizes the resources,
roles, responsibilities, authorities, and scope for the project Pg 13


●● Specific, measurable, attainable, relevant, timely
Answer: Criteria of specific objectives that are unique to a project are
referred to as SMART which stands for what Pg 15


●● triple constraint
Answer: cost (budget), schedule (time), and scope (deliverables) Pg 17

,●● stakeholder analysis
Answer: analysis to define the relevant stakeholders, their interests, and
their communication needs Pg 19


●● Change Control Board (CCB)
Answer: a group of people who track changes in a project and can be
used as a governance tool Pg 19


●● Work Breakdown Structures (WBS)
Answer: a key tool so that people understand what is expected of them
and how they will be held accountable Pg 21


●● Project Management Institute (PMI)
Answer: Founded in 1969, it's headquartered in Newton, PA, and has
member chapters on every continent (except Antarctica). Publishes
foundational and practice standards and is the largest in the world. Pg 22


●● Association for Project Management (APM)
Answer: A UK-based charter organization that is the largest professional
body of its kind in Europe. Formed in 1972, it's membership is primarily
limited to the United Kingdom. Pg 22


●● International Project Management Association (IPMA)

, Answer: the world's first project management association, founded in
1965. The leading authority on competent project, programme, and
portfolio management (PPPM) Pg 22


●● AXELOS, Ltd
Answer: a joint venture between the government of the United Kingdom
and Captia PLC. It was formed to manage and grow a number of
standards and associated certifications developed by the Cabinet office,
including ITIL (Information Technology Infrastructure Library),
PRINCE2, and Managing Successful Programs (MSP). Pg 22


●● Functional (Departmentalized) Organization pros/cons
Answer: Pros: Lines of authority are clear; work is easily prioritized by
identified departmental authority


Cons: Utilizing resources across functions can be difficult; project is not
managed holistically


●● Projectized Organization pros and cons
Answer: Pros: Clear lines of authority; project is managed holistically;
gain historical data from prior projects.


Cons: Approach is expensive because of the duplication of personnel;
SME assigned may not have the most appropriate knowledge or
expertise for the project

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