RMC PMP Exam Questions and Answers (Rita Mulcahy's PMP Exam Prep Tenth Edition)| LATEST UPDATE

RMC PMP Exam Questions and Answers (Rita Mulcahy's PMP Exam Prep Tenth Edition)| LATEST UPDATE Project - ANSWER A temporary endeavor with a beginning and an end. It creates a unique product, service, or result. Stakeholders - ANSWER Any people or organizations whose interests may be positively or negatively impacted by the project. Predictive - ANSWER Relies on a planning process during which requirements and scope may be defined in detail early in the project. Require scope, schedule, and cost to be determined in detail early in the life of a project, before the work begins to produce deliverables. Plan-driven, traditional, or waterfall. Agile - ANSWER Works best for projects where the definition of scope is emerging. Planning, executing, and managing the project happens in smaller increments to changes can be easily made as information about the product and project's needs changes. Incremental and iterative life cycles involve early planning of high-level scope sufficient enough to allow for preliminary estimates of time and cost; scope is developed a little more with each iteration. Change-driven or adaptive. Program management - ANSWER Grouping related projects into a program allows an organization to coordinate their management of these projects. Portfolio management - ANSWER A _____ includes programs, projects, and related operational work that are prioritized and implemented to achieve a specific strategic business goal. Supportive PMO - ANSWER Provides the policies, methodologies, templates, and lessons learned for managing projects within the organization. It typically exercises a low level of control over projects. Controlling PMO - ANSWER Provides support and guidance on how to manage projects, trainings others in project management and project management software, assists with specific project management tools, and ensures compliance with organizational policies. Typically has a moderate level of control over projects. Directive PMO - ANSWER Provides PMs for different projects and is responsible for the results of those projects. All projects or projects of a certain size, type, or influence are managed by this office. Has a high level of control over projects. Business case - ANSWER The business document most commonly used to create the project charter. Describes the necessary information from a business standpoint to determine whether the expected outcomes of the project justify the required investment