1
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MBA 742 Exam 1 Questions and Answers (100%
Correct Answers) Already Graded A+
Q: project
Ans✅ ✅: a temporary endeavor undertaken to create a unique product, service, or
result
Q: project management
© 2025 Assignment Expert
Ans✅ ✅: the application of knowledge, skills, tools, and techniques to project
activities to meet the project requirements
Q: program
Guru01 - Stuvia
Ans✅ ✅: a group of related projects managed in a coordinated way to obtain
benefits (and control) not available managing them individually
Q: 1. initiation
2. planning
3. executing
4. monitoring and controlling
5. closing
Ans✅ ✅: what are the five project management process groups
Q: program management
Ans✅ ✅: what term focuses on doing programs and projects the "right" way
Q: portfolio management
Ans✅ ✅: what term focuses on doing the "right" programs and projects
Q: 1. common language
, 2
For Expert help and assignment solutions, +254707240657
2. common processes
3. singular methodology and training
4. benchmarking
5. continuous improvement
Ans✅ ✅: what are the 5 benefits of standardizing project management within an
organization
Q: 1. what is the financial benefit of the project? ROI?
2. market need
3. market competition
© 2025 Assignment Expert
4. market future positioning
5. operations and maintenance costs
6. regulation
Guru01 - Stuvia
Ans✅ ✅: what are 6 examples of governance criteria
Q: 1. predictive
2. iterative
3. incremental
4. adaptive (also known as change-driven or agile)
Ans✅ ✅: what are the 4 major categories of project life cycles
Q: progressive elaboration (or rolling wave planning)
Ans✅ ✅: what term is the iterative process of increasing the level of detail in a
project management plan as greater amounts of information and more accurate
estimates become available
Q: initiating
Ans✅ ✅: what processes are used at the start of a project or life-cycle phase
Q: planning
For Expert help and assignment solutions, +254707240657
MBA 742 Exam 1 Questions and Answers (100%
Correct Answers) Already Graded A+
Q: project
Ans✅ ✅: a temporary endeavor undertaken to create a unique product, service, or
result
Q: project management
© 2025 Assignment Expert
Ans✅ ✅: the application of knowledge, skills, tools, and techniques to project
activities to meet the project requirements
Q: program
Guru01 - Stuvia
Ans✅ ✅: a group of related projects managed in a coordinated way to obtain
benefits (and control) not available managing them individually
Q: 1. initiation
2. planning
3. executing
4. monitoring and controlling
5. closing
Ans✅ ✅: what are the five project management process groups
Q: program management
Ans✅ ✅: what term focuses on doing programs and projects the "right" way
Q: portfolio management
Ans✅ ✅: what term focuses on doing the "right" programs and projects
Q: 1. common language
, 2
For Expert help and assignment solutions, +254707240657
2. common processes
3. singular methodology and training
4. benchmarking
5. continuous improvement
Ans✅ ✅: what are the 5 benefits of standardizing project management within an
organization
Q: 1. what is the financial benefit of the project? ROI?
2. market need
3. market competition
© 2025 Assignment Expert
4. market future positioning
5. operations and maintenance costs
6. regulation
Guru01 - Stuvia
Ans✅ ✅: what are 6 examples of governance criteria
Q: 1. predictive
2. iterative
3. incremental
4. adaptive (also known as change-driven or agile)
Ans✅ ✅: what are the 4 major categories of project life cycles
Q: progressive elaboration (or rolling wave planning)
Ans✅ ✅: what term is the iterative process of increasing the level of detail in a
project management plan as greater amounts of information and more accurate
estimates become available
Q: initiating
Ans✅ ✅: what processes are used at the start of a project or life-cycle phase
Q: planning
