1
PMI Exam
Project - -Correct Answer-a temporary endeavor undertaken to create a
unique product, service, or result.
it has a definite beginning and end and are undertaken to fulfill objectives by
producing deliverables
Deliverable - -Correct Answer-any unique and verifiable product, result, or
capability to perform a service that is required to be produced to complete a
process, phase, or project
Four qualities that characterize projects of all types - -Correct Answer-1)
creates a unique product, service, or result
2) is a temporary endeavor
3) drives change
4) enables business value (the benefit that results) creation
Factors that cause a project to start - -Correct Answer--meet regulatory, legal,
or social requirements
-satisfy stakeholder requests or needs
-implement or change business or technological strategies
-create, improve, or fix products, processes, or services
1
, 2
Portfolio - -Correct Answer-a group of projects, programs, subsidiary
portfolios, and operations managed as a group to achieve strategic objectives
Portfolio Management - -Correct Answer--facilitates the effective governance
and management of the work that helps achieve organizational strategies and
priorities
-aligns portfolios with organizational strategies by selecting the right
programs or projects, prioritizing the work, and providing the needed
resources
-focuses on doing the right programs and projects to align with the business
strategy
Program - -Correct Answer-a group of related projects, subsidiary programs,
and/or program activities that accomplish a set of goals
Program Management - -Correct Answer--focuses on the interdependencies
between projects and the program level to determine the optimal approach
for managing them
-a program is made up of subsidiary programs and projects
-benefits can be obtained by managing them together, rather than individually
programs should not be misinterpreted as large projects
Project Management - -Correct Answer--the application of knowledge, skills,
tools, and techniques to project activities in order to meet the project
requirements
-accomplished through the appropriate application of the project management
processes, as they pertain to that project
2
, 3
-effective project management helps organizations meet business objectives,
deliver products, resolve problems, and generate other such benefits
Operations - -Correct Answer--transform resource or data inputs into desired
goods, services, or results, and delivers value to the customers
-they are different from projects since they are ongoing and are managed by
organizational managers-not project managers
Operations Management - -Correct Answer--ongoing production and
continued efficency to meet customer demand
-concepts and methodologies that pertain to project management may be
useful for operational managers
Project Life Cycles - -Correct Answer--a series of phases that a project
passes through from start to completion; a framework for managing the
project
-can be predictive or adaptive with phases that may be sequential,iterative, or
overlapping
Product Life Cycles - -Correct Answer--a series of phases that represent the
evolution of a product, from concept through delivery, growth, maturity, and
retirement
-phases in a product life cycle can include one or more project life cycles
Project Management Processes - -Correct Answer--a systematic series of
activities where inputs are acted upon by tool and techniques to create
outputs
3
, 4
-an output can be a deliverable or another type of outcome
-processes are linked by the outputs they produce and may contain
overlapping actives that occur throughout the project
-the output of one process generally results in an input to another process or
deliverable of the project or phase
Process Groups - -Correct Answer--a logical grouping of project management
processes to achieve specific project objectives
-independent of process phases as well as the application area or industry
focus
-initiating, planning, executing, monitoring and controlling, closing
Knowledge Areas - -Correct Answer--an identified area of project
management defined by its knowledge requirements and described in terms
of its component processes, practices, inputs, outputs, tools, and techniques
-project management processes are categorized by knowledge areas, which
are interrelated and interdependent
-integration, schedule, quality, communications, procurement, scope, cost,
resources, risk, stakeholder
Project Phase - -Correct Answer--a collection of logically related project
activities that, together, produces one or more deliverables
-can be described by a variety of attributes that may be measurable and
unique to a specific phase
Phase Gate - -Correct Answer--a review at the end of a phase in which a
decision is made to continue, modify, or end a phase or project
4
PMI Exam
Project - -Correct Answer-a temporary endeavor undertaken to create a
unique product, service, or result.
it has a definite beginning and end and are undertaken to fulfill objectives by
producing deliverables
Deliverable - -Correct Answer-any unique and verifiable product, result, or
capability to perform a service that is required to be produced to complete a
process, phase, or project
Four qualities that characterize projects of all types - -Correct Answer-1)
creates a unique product, service, or result
2) is a temporary endeavor
3) drives change
4) enables business value (the benefit that results) creation
Factors that cause a project to start - -Correct Answer--meet regulatory, legal,
or social requirements
-satisfy stakeholder requests or needs
-implement or change business or technological strategies
-create, improve, or fix products, processes, or services
1
, 2
Portfolio - -Correct Answer-a group of projects, programs, subsidiary
portfolios, and operations managed as a group to achieve strategic objectives
Portfolio Management - -Correct Answer--facilitates the effective governance
and management of the work that helps achieve organizational strategies and
priorities
-aligns portfolios with organizational strategies by selecting the right
programs or projects, prioritizing the work, and providing the needed
resources
-focuses on doing the right programs and projects to align with the business
strategy
Program - -Correct Answer-a group of related projects, subsidiary programs,
and/or program activities that accomplish a set of goals
Program Management - -Correct Answer--focuses on the interdependencies
between projects and the program level to determine the optimal approach
for managing them
-a program is made up of subsidiary programs and projects
-benefits can be obtained by managing them together, rather than individually
programs should not be misinterpreted as large projects
Project Management - -Correct Answer--the application of knowledge, skills,
tools, and techniques to project activities in order to meet the project
requirements
-accomplished through the appropriate application of the project management
processes, as they pertain to that project
2
, 3
-effective project management helps organizations meet business objectives,
deliver products, resolve problems, and generate other such benefits
Operations - -Correct Answer--transform resource or data inputs into desired
goods, services, or results, and delivers value to the customers
-they are different from projects since they are ongoing and are managed by
organizational managers-not project managers
Operations Management - -Correct Answer--ongoing production and
continued efficency to meet customer demand
-concepts and methodologies that pertain to project management may be
useful for operational managers
Project Life Cycles - -Correct Answer--a series of phases that a project
passes through from start to completion; a framework for managing the
project
-can be predictive or adaptive with phases that may be sequential,iterative, or
overlapping
Product Life Cycles - -Correct Answer--a series of phases that represent the
evolution of a product, from concept through delivery, growth, maturity, and
retirement
-phases in a product life cycle can include one or more project life cycles
Project Management Processes - -Correct Answer--a systematic series of
activities where inputs are acted upon by tool and techniques to create
outputs
3
, 4
-an output can be a deliverable or another type of outcome
-processes are linked by the outputs they produce and may contain
overlapping actives that occur throughout the project
-the output of one process generally results in an input to another process or
deliverable of the project or phase
Process Groups - -Correct Answer--a logical grouping of project management
processes to achieve specific project objectives
-independent of process phases as well as the application area or industry
focus
-initiating, planning, executing, monitoring and controlling, closing
Knowledge Areas - -Correct Answer--an identified area of project
management defined by its knowledge requirements and described in terms
of its component processes, practices, inputs, outputs, tools, and techniques
-project management processes are categorized by knowledge areas, which
are interrelated and interdependent
-integration, schedule, quality, communications, procurement, scope, cost,
resources, risk, stakeholder
Project Phase - -Correct Answer--a collection of logically related project
activities that, together, produces one or more deliverables
-can be described by a variety of attributes that may be measurable and
unique to a specific phase
Phase Gate - -Correct Answer--a review at the end of a phase in which a
decision is made to continue, modify, or end a phase or project
4
