MBA 742 Module 1 Exam Questions and Answers 100% Correct

MBA 742 Module 1 Exam Questions
and Answers 100% Correct

a temporary endeavor undertaken to create a new product, service, or result -

CORRECT ANSWER-Project

the application of knowledge, skills, tools, and techniques to project activities to

meet the project requirements - CORRECT ANSWER-Project Management

5 Project Management Process Groups - CORRECT ANSWER-1. Initiation

2. Planning

3. Executing

4. Monitoring & Controlling

5. Closing

a group of related projects managed in a coordinated way to obtain benefits (and

control) not available managing them individually - CORRECT ANSWER-

Program

Program and project management focus on... - CORRECT ANSWER-...doing

programs and projects the "right" way.

, Portfolio Management focuses on... - CORRECT ANSWER-...doing the "right"

programs and projects.

________ is a huge part of project management. - CORRECT ANSWER-

Planning

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 -

CORRECT ANSWER-Progressive Elaboration (Rolling Wave Planning)

the formal progression of getting from Order of Magnitude estimation (aka

ballpark) to budgetary (where it needs to be before beginning execution) -

CORRECT ANSWER-Progressive Elaboration

__________ processes are used at the start of a project phase or life cycle phase. -

CORRECT ANSWER-Initiating

________ processes are used to further elaborate the information in the initiating

process. - CORRECT ANSWER-Planning

________ processes help ensure the project will achieve its objectives. -

CORRECT ANSWER-Planning

_________ processes are used to complete the project work. - CORRECT

ANSWER-Executing




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