2026 COMPLETE QUESTIONS AND ANSWERS
‣ Project Scope is built. Answer: What is the result of Executing?
‣ Project Charter and Stakholders are Identified. Answer: What is the
result of Initiating?
‣ Corrective Action. Answer: What is the result of Monitoring and
Controlling?
‣ results in the product, service or result transition of the project.
Answer: What is the result of Closing?
‣ Characteristics of the PMO (3)
A centralized area for all 1.PM personnel to and be assigned. 2. for
documentation a process support 3. For Project mgmt support and
auditing of projects.. Answer: Characteristics of the PMO (3)
‣ Mgmt by Projects. Answer: Performing day to day operations by a
project Mgmt approach...
,‣ Project Initiation. Answer: The process that result in the
authorization of a project..
‣ Planning Process. Answer: The process required to develop the
activites to attain objective..
‣ Project Mgmt. Answer: Emcompasses project of similar work or
correlated activites managed in a coordinated way to attain benefits
that could not achieved separately
‣ Project Life Cycle. Answer: Process of completing work on the
Project. It is not the management of the work, but rather the work
process. Can be describe what work is done (and who does the work
) in each phase of the project, what the deliverables are, and the
approval for each phase
‣ Sub Project. Answer: A smaller piece of the project as a result of
decomposition; is usually created as a result of creating the work
breakdown structure
‣ Characterisitics of Project(5). Answer: Has a specific purpose
Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
,‣ Product Life Cycle. Answer: Involves the product or service from
concept to divestment (closure) This cycle typically begins with a
business plan end with a product or service
‣ Project Mgmt Life Cycle in 5 process group. Answer: Initating
Planning Executing Monitoring and Controlling
Closing
‣ Projects (or project selection) are typically authorized as result of
the following. Answer: Market Demand Strategic Opportunity
Customer Request
Technological Advance Legal requirements
‣ Program Management. Answer: A group of related projects
managed in a coordinated way to obtain benefits and control not
availble from managing the individually
‣ Strategic Planning. Answer: Practice by which a company looks into
the furture for products or services it must have, typically 3 to 5
years in the future. Projects are the tools that company will use to
implement the strategic goals
‣ Scope time cost. Answer: What is the triple contraints?
, ‣ Quality gurus HR gurus Comm Channels Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas. Answer: 10
things remember for a brain dump
‣ Process groups /Knowledge areas are number by. Answer: 2 - 20 -
8 - 10 - 2
‣ Portfolio. Answer: A group of programs of projects related and
managed in a coordinated way to achieve specific strategic business
goals
‣ Program. Answer: A group of related projected project that are
managed to obtain synergistic benefits and control
‣ Projectized Organization. Answer: An Organizational which
authorizes the project manager to assign resources to the project to
establish priorities and to direct the work of the project
‣ Portfolio Mgmt. Answer: Mgmt of various portfolios that include
the project and programs of which they consist can in prioritization,
authorization, mgmt