CompTIA Project+ (PK0-004) correctly answered 2023

CompTIA Project+ (PK0-004) correctly answered 2023Project A temporary endeavor that has definite beginning and ending dates, and it results in a unique product, service or result. What are the 4 criteria that a project must fit? Unique, Temporary, Reason/purpose, and Stakeholder Sastifisfaction Program Group of related projects that are managed together using coordinated processes and techniques. Portfolio Collection of programs, sub-portfolios and projects that support strategic business goals or objectives. Unlike projects, portfolios consist of projects that aren't related. Operations Ongoing and repetitive - they usually don't have a beginning or end date - typically involve ongoing functions that support the production of goods and services project management Brings together a set of tools and techniques -performed by people -to describe, organize and monitor the work of project activities. Project Manager (PMs) People responsible for applying these tools to the various project activities Primary purpose: to integrate all the components of the project and bring it to a successful conculsion. PMBOK Stands for Project Management Body of Knowledge Sets the standard in project management PMI Project Management Institute Manage 2 certification exams: CAPM and PMP Functional Organization The staff is organized along departmental lines, such as IT, marketing, sales, HR, etc. Each department is managed independently w/ limited span of control. This organizational type is hierarchical. (Google Image "Functional organization Structure" for better visual understanding) PMs in Functional Organization Key: Build strong relationships with functional managers and maintain open communications Pros of Functional Org. - Growth potential and a career path for employees - Opportunity for those with unique skills to flourish. - Clear chain of command Cons of Functional org. - PM have limited/no authority - Multiple projects for limited resources - Resources are generally committed part-time to projects - Issue resolution follows the department chain of command - Project team memebers are loyal to functional manager 3 types of Matrix organizations? Balanced, Weak and Strong