Comprehensive Resource To Help You Ace
2026-2027.… Includes Frequently Tested
Questions With ELABORATED 100% Correct
COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!!
Current Update!!
1. Project Life Cycle 4 Phases - ANSWER Define, Plan, Execute, Close
2. Define Phase - ANSWER Idea for the project is formalized into a project
proposal and the decision on whether the project will be selected for
implementation is made
3. Plan Phase - ANSWER Document information about each activity that
will need to be completed in order for the project to achieve its intended
outcomes
4. Execute Phase - ANSWER Based on the plans created during the project
planning phase, the project team completes the required work activities in
this phase
,5. Closing Phase - ANSWER Project outcomes are delivered to the
customer and/or sponsor and the customer and/or sponsor evaluates them
to determine if they are acceptable - deliverables are ready, the budget and
time requirements are met and quality is achieved, and lessons learned are
documented
6. PM Methods - ANSWER PERT, CPM, critical chain, waterfall, and
PRINCE2
7. PERT (Project evaluation and review technique) - ANSWER Developed in
1950 to estimate activity on Navy's Polaris missile project.
8. CPM (Critical path method) - ANSWER Developed by DuPont to help
with project in manufacturing. Similar to PERT but assumes that estimates
do not vary and time can be reliably estimated
9. Critical chain project management (CCPM) - ANSWER Work each
resource is expected to complete is checked to verify that the resource will
be capable and available when needed. Time buffers are built into the
schedule to handle situations when the critical resources fall behind or
aren't available
10.Waterfall - ANSWER This process flows logically and in a linear fashion,
but if any problems are found, returning the work back to the previous step
is very expensive
, 11.PRINCE2 - ANSWER Highly structured project management method
which focuses on the specification of the outputs rather than the
coordination of activities
12.PMBOK - ANSWER Project Management Body of Knowledge
13.PMBOK - ANSWER Entire collection of processes, best practices,
terminologies, and guidelines that are accepted as standards within the
project management industry
14.PRINCE2 - ANSWER PRojects IN a Controlled Environment
15.PMBOK Major Planning Areas - ANSWER Integration, Scope, Risk,
Procurement, Communications, HR, Stakeholder, Quality, Cost, Time, Config,
Change, Process Improvement, Requirement
16.Functional organization - ANSWER Common type of org structure in
which the organization is divided into smaller groups based on specialized
functional areas, such as IT, finance, or marketing
17.Advantages of Functional (Departmentalized) - ANSWER Lines of
authority are clear. Departmental work is easily prioritized by identified
departmental authority. There is flexibility in the use of staff. Subject matter
experts (SME) available to work on multiple projects.