ITPM Final Exam ACTUAL QUESTIONS
AND CORRECT ANSWERS
What is the definition of a project? - CORRECT ANSWERS A
temporary endeavor undertaken to create a unique product, service, or result.
What is it meant by, a project is unique? - CORRECT ANSWERS It is
something that is not a routine operation, but a specific set of operations
designed to accomplish a singular goal.
True/False: Projects are apart of operations? - CORRECT ANSWERS
False
What is the definition of Project Management? - CORRECT ANSWERS
The application of knowledge, skills, tools, and techniques to project
activities to meet project requirements.
When did Project Management begin? - CORRECT ANSWERS Project
Management has largely been formalized as a stand-alone discipline since the
1950's paralleling military and computer technology advancements
List some of the value created from projects. - CORRECT ANSWERS 1.
Stockholder Equity*
2. Market Share
3. Goodwill
4. Trademarks
What are the 5 process groups? - CORRECT ANSWERS 1. Initiating
2. Planning
3. Executing
, 4. Monitoring and Controlling
5. Closing
What occurs in the Initiating Process Group? - CORRECT ANSWERS
Processes performed to define a new project or phase by obtaining
authorization to start
What occurs in the Planning Process Group? - CORRECT ANSWERS
Establish the scope of the project, refine objectives, define actions to
obtain objectives
What is a Phase Gate? - CORRECT ANSWERS Held at the end of a
phase (like an SDLC phase), decision of whether or not to continue funding the
project.
What occurs in the Executing Process Group? - CORRECT ANSWERS
Processes to complete work to meet project requirements
What occurs in the Monitoring & Controlling Process Group? - CORRECT
ANSWERS Track, review, and regulate progress and performance of the
project, identify and execute change areas.
What occurs in the Closing Process Group? - CORRECT ANSWERS
Process to formally close or complete project
What is the correct order of events in SDLC? - CORRECT ANSWERS
1. Initiation
2. Planning
3. Requirements Gathering
4. Design
AND CORRECT ANSWERS
What is the definition of a project? - CORRECT ANSWERS A
temporary endeavor undertaken to create a unique product, service, or result.
What is it meant by, a project is unique? - CORRECT ANSWERS It is
something that is not a routine operation, but a specific set of operations
designed to accomplish a singular goal.
True/False: Projects are apart of operations? - CORRECT ANSWERS
False
What is the definition of Project Management? - CORRECT ANSWERS
The application of knowledge, skills, tools, and techniques to project
activities to meet project requirements.
When did Project Management begin? - CORRECT ANSWERS Project
Management has largely been formalized as a stand-alone discipline since the
1950's paralleling military and computer technology advancements
List some of the value created from projects. - CORRECT ANSWERS 1.
Stockholder Equity*
2. Market Share
3. Goodwill
4. Trademarks
What are the 5 process groups? - CORRECT ANSWERS 1. Initiating
2. Planning
3. Executing
, 4. Monitoring and Controlling
5. Closing
What occurs in the Initiating Process Group? - CORRECT ANSWERS
Processes performed to define a new project or phase by obtaining
authorization to start
What occurs in the Planning Process Group? - CORRECT ANSWERS
Establish the scope of the project, refine objectives, define actions to
obtain objectives
What is a Phase Gate? - CORRECT ANSWERS Held at the end of a
phase (like an SDLC phase), decision of whether or not to continue funding the
project.
What occurs in the Executing Process Group? - CORRECT ANSWERS
Processes to complete work to meet project requirements
What occurs in the Monitoring & Controlling Process Group? - CORRECT
ANSWERS Track, review, and regulate progress and performance of the
project, identify and execute change areas.
What occurs in the Closing Process Group? - CORRECT ANSWERS
Process to formally close or complete project
What is the correct order of events in SDLC? - CORRECT ANSWERS
1. Initiation
2. Planning
3. Requirements Gathering
4. Design
