PROJECT MANAGEMENT C783 FULL SET
QUESTIONS WITH ACCURATE RIGHT
ANSWERS.
A Guide to the Project Management Body of Knowledge (PMBOK Guide) -
Correct Answer -The PMI publication that defines widely accepted project
management practices. The CAPM and the PMP exam are based on this book.
Application areas - Correct Answer -The areas of expertise, industry, or
function where a project is centered. Examples of application areas include
architecture, IT, health care, and manufacturing.
Business value - Correct Answer -A quantifiable return on investment. The
return can be tangible, such as equipment, money, or market share. The return
can also be intangible, such as brand recognition, trademarks, and reputation.
Certified Associate in Project Management (CAPM) - Correct Answer -A
person who has slightly less project management experience than a PMP, but
who has qualified for and then passed the CAPM examination.
Cultural and social environment - Correct Answer -Defines how a project
affects people and how those people may affect the project. Cultural and social
environments include the economic, educational, ethical, religious,
demographic, and ethnic composition of the people affected by the project.
Deliverable - Correct Answer -A product, service, or result created by a project.
Projects can have multiple deliverables.
General management skills - Correct Answer -These include the application of
accounting, procurement, sales and marketing, contracting, manufacturing,
1
,logistics, strategic planning, human resource management, standards and
regulations, and information technology.
International and political environment - Correct Answer -The consideration of
the local and international laws, languages, communication challenges, time
zone differences, and other non-collocated issues that affect a project's ability to
progress.
Interpersonal skills - Correct Answer -The ability to interact, lead, motivate,
and manage people
Iron Triangle of Project Management - Correct Answer -A triangle with the
characteristics of time, cost, and scope. Time, cost, and scope each constitute
one side of the triangle; if any side of the Iron Triangle is not in balance with
the other sides, the project will suffer. The Iron Triangle of Project Management
is also known as the Triple Constraints of Project Management, as all projects
are constrained by time, cost, and scope.
Physical environment - Correct Answer -The physical structure and
surroundings that affect a project's work
Process groups - Correct Answer -A collection of related processes in project
management. There are five process groups and 49 project management
processes. The five process groups are Initiating, Planning, Executing,
Monitoring and Controlling, and Closing
Program - Correct Answer -A collection of related projects working in unison
toward a common deliverable.
Progressive elaboration - Correct Answer -The process of gathering project
details. This process uses deductive reasoning, logic, and a series of
information-gathering techniques to identify details about a project, product, or
solution
2
,Project - Correct Answer -A temporary endeavor to create a unique product,
service, or result. The end result of a project is also called a deliverable
Project benefits management plan - Correct Answer -A documented created
and maintained by the project sponsor and the project manager. The project
benefits management plan defines what benefits the project will create, when
the benefits will be realized, and how the benefits will be measured.
Project business case - Correct Answer -Created and maintained by the project
sponsor and shows the financial validity of why a project is chartered and
launched within the organization. Typically, the project business case is created
before the launch of the project and may be used as a go/no-go decision point.
Project environment - Correct Answer -The location and culture of the
environment where the project work will reside. The project environment
includes the social, economic, and environmental variables the project must
work with or around.
Project Management Institute (PMI) - Correct Answer -An organization of
project management professionals from around the world, supporting and
promoting the careers, values, and concerns of project managers
Project life cycle - Correct Answer -The phases that make up the project.
Project life cycles are unique to the type of work being performed and are not
universal to all projects.
Project management office (PMO) - Correct Answer -A central office that
oversees all projects within an organization or within a functional department. A
PMO supports the project manager through software, training, templates,
policies, communication, dispute resolution, and other services.
3
, Project Management Professional (PMP) - Correct Answer -A person who has
proven project management experience and has qualified for and then passed
the PMP examination.
Project portfolio management - Correct Answer -The management and
selection of projects that support an organization's vision and mission. It is the
balance of project priority, risk, reward, and return on investment. This is a
senior management process.
Subprojects - Correct Answer -A smaller project managed within a larger,
parent project. Subprojects are often contracted work whose deliverable allows
the larger project to progress.
Triple Constraints of Project Management - Correct Answer -Also known as
the Iron Triangle. This theory posits that time, cost, and scope are three
constraints that every project has.
Work performance data - Correct Answer -Raw data, observations, and
measurements about project components. Work performance data is gathered
and stored in the project management information system
Work performance information - Correct Answer -Work performance
information is the processed and analyzed data that will help the project
manager make project decisions.
Work performance reports - Correct Answer -Work performance reports is the
formatted communication of work performance information. Work performance
reports communicate what's happening in the project through status reports,
memos, dashboards, or other modalities
Balanced matrix structure - Correct Answer -An organization where
organizational resources are pooled into one project team, but the functional
managers and the project managers share the project power.
4
QUESTIONS WITH ACCURATE RIGHT
ANSWERS.
A Guide to the Project Management Body of Knowledge (PMBOK Guide) -
Correct Answer -The PMI publication that defines widely accepted project
management practices. The CAPM and the PMP exam are based on this book.
Application areas - Correct Answer -The areas of expertise, industry, or
function where a project is centered. Examples of application areas include
architecture, IT, health care, and manufacturing.
Business value - Correct Answer -A quantifiable return on investment. The
return can be tangible, such as equipment, money, or market share. The return
can also be intangible, such as brand recognition, trademarks, and reputation.
Certified Associate in Project Management (CAPM) - Correct Answer -A
person who has slightly less project management experience than a PMP, but
who has qualified for and then passed the CAPM examination.
Cultural and social environment - Correct Answer -Defines how a project
affects people and how those people may affect the project. Cultural and social
environments include the economic, educational, ethical, religious,
demographic, and ethnic composition of the people affected by the project.
Deliverable - Correct Answer -A product, service, or result created by a project.
Projects can have multiple deliverables.
General management skills - Correct Answer -These include the application of
accounting, procurement, sales and marketing, contracting, manufacturing,
1
,logistics, strategic planning, human resource management, standards and
regulations, and information technology.
International and political environment - Correct Answer -The consideration of
the local and international laws, languages, communication challenges, time
zone differences, and other non-collocated issues that affect a project's ability to
progress.
Interpersonal skills - Correct Answer -The ability to interact, lead, motivate,
and manage people
Iron Triangle of Project Management - Correct Answer -A triangle with the
characteristics of time, cost, and scope. Time, cost, and scope each constitute
one side of the triangle; if any side of the Iron Triangle is not in balance with
the other sides, the project will suffer. The Iron Triangle of Project Management
is also known as the Triple Constraints of Project Management, as all projects
are constrained by time, cost, and scope.
Physical environment - Correct Answer -The physical structure and
surroundings that affect a project's work
Process groups - Correct Answer -A collection of related processes in project
management. There are five process groups and 49 project management
processes. The five process groups are Initiating, Planning, Executing,
Monitoring and Controlling, and Closing
Program - Correct Answer -A collection of related projects working in unison
toward a common deliverable.
Progressive elaboration - Correct Answer -The process of gathering project
details. This process uses deductive reasoning, logic, and a series of
information-gathering techniques to identify details about a project, product, or
solution
2
,Project - Correct Answer -A temporary endeavor to create a unique product,
service, or result. The end result of a project is also called a deliverable
Project benefits management plan - Correct Answer -A documented created
and maintained by the project sponsor and the project manager. The project
benefits management plan defines what benefits the project will create, when
the benefits will be realized, and how the benefits will be measured.
Project business case - Correct Answer -Created and maintained by the project
sponsor and shows the financial validity of why a project is chartered and
launched within the organization. Typically, the project business case is created
before the launch of the project and may be used as a go/no-go decision point.
Project environment - Correct Answer -The location and culture of the
environment where the project work will reside. The project environment
includes the social, economic, and environmental variables the project must
work with or around.
Project Management Institute (PMI) - Correct Answer -An organization of
project management professionals from around the world, supporting and
promoting the careers, values, and concerns of project managers
Project life cycle - Correct Answer -The phases that make up the project.
Project life cycles are unique to the type of work being performed and are not
universal to all projects.
Project management office (PMO) - Correct Answer -A central office that
oversees all projects within an organization or within a functional department. A
PMO supports the project manager through software, training, templates,
policies, communication, dispute resolution, and other services.
3
, Project Management Professional (PMP) - Correct Answer -A person who has
proven project management experience and has qualified for and then passed
the PMP examination.
Project portfolio management - Correct Answer -The management and
selection of projects that support an organization's vision and mission. It is the
balance of project priority, risk, reward, and return on investment. This is a
senior management process.
Subprojects - Correct Answer -A smaller project managed within a larger,
parent project. Subprojects are often contracted work whose deliverable allows
the larger project to progress.
Triple Constraints of Project Management - Correct Answer -Also known as
the Iron Triangle. This theory posits that time, cost, and scope are three
constraints that every project has.
Work performance data - Correct Answer -Raw data, observations, and
measurements about project components. Work performance data is gathered
and stored in the project management information system
Work performance information - Correct Answer -Work performance
information is the processed and analyzed data that will help the project
manager make project decisions.
Work performance reports - Correct Answer -Work performance reports is the
formatted communication of work performance information. Work performance
reports communicate what's happening in the project through status reports,
memos, dashboards, or other modalities
Balanced matrix structure - Correct Answer -An organization where
organizational resources are pooled into one project team, but the functional
managers and the project managers share the project power.
4
