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ISTM 630 -Exam Latest Questions with Correct/Verified Solutions Updated.

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Ten PM Knowledge Areas - Answer Time, Scope, Cost, Quality, HR, Communication, Risk, Procurement, Project integration, Stakeholder management Three main constraints - Answer Time, scope, cost Tools and techniques for scope - Answer WBS, Project charters, scope statements Tools and techniques for time - Answer Gantt charts, network diagrams, critical path analysis, critical chain scheduling Tools and techniques for cost - Answer Cost estimates, EVM (Earned value management) Project portfolio management - Answer Quadrants: High risk, high payoff; high risk, low payoff; etc Advantages of formal PM - Answer Control of resources, improved customer relations, shorter dev times, lower costs, higher quality and increased reliability, higher profit margins, improved productivity, better internal coordination, higher worker morale Project success factors - Answer Executive support, user involvement, experienced project manager, clear business objectives, minimized scope, standard software infrastructure, firm basic requirements, formal methodology, reliable estimates Role of PM - Answer planning, scheduling, coordinating, working with people to achieve goals PM job functions - Answer define scope, identify stakeholders, develop WBS, estimate time requirements, develop project management flow chart, identify required resources and budget, project requirements, evaluate risks, prepare contingency plan, identify interdependencies, identify and track milestones, participate in project phase review, secure needed resources, manage the change control process, report project status Skills for PM - Answer Communication, organization, team-building, leadership, coping, technology

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ISTM 630 -Exam Latest Questions with
Correct/Verified Solutions 2025-2026
Updated.
Ten PM Knowledge Areas - Answer Time, Scope, Cost, Quality, HR, Communication, Risk,
Procurement, Project integration, Stakeholder management



Three main constraints - Answer Time, scope, cost



Tools and techniques for scope - Answer WBS, Project charters, scope statements



Tools and techniques for time - Answer Gantt charts, network diagrams, critical path
analysis, critical chain scheduling



Tools and techniques for cost - Answer Cost estimates, EVM (Earned value management)



Project portfolio management - Answer Quadrants: High risk, high payoff; high risk, low
payoff; etc



Advantages of formal PM - Answer Control of resources, improved customer relations,
shorter dev times, lower costs, higher quality and increased reliability, higher profit margins,
improved productivity, better internal coordination, higher worker morale



Project success factors - Answer Executive support, user involvement, experienced project
manager, clear business objectives, minimized scope, standard software infrastructure, firm
basic requirements, formal methodology, reliable estimates



Role of PM - Answer planning, scheduling, coordinating, working with people to achieve
goals



PM job functions - Answer define scope, identify stakeholders, develop WBS, estimate time
requirements, develop project management flow chart, identify required resources and budget,
project requirements, evaluate risks, prepare contingency plan, identify interdependencies,
identify and track milestones, participate in project phase review, secure needed resources,
manage the change control process, report project status



Skills for PM - Answer Communication, organization, team-building, leadership, coping,
technology

, A leader - Answer focuses on long-term goals and big-picture objectives while inspiring
people to reach these goals



A manager - Answer deals with the day-to-day details of meeting specific goals



The PMO - Answer Project management organization, responsible for coordinating the
project management functions throughout the org



Project managers need to use ________ thinking - Answer systems



The term systems approach means - Answer a holistic and analytical approach to solving
complex problems



Three Sphere Model for Systems management - Answer Business, organization, technology



Organizational Frames - Answer Structural (org chart), HR (org v individual) Political (conflict
and power), Symbolic (culture, dress code)



3 basic organizational structures - Answer Functional, project, matrix



10 characteristics of org culture - Answer Member identity, group emphasis, people focus,
unit integration, control, risk tolerance, reward criteria, conflict tolerance, means-end
orientation, open-systems focus



Project life cycle - Answer collection of project phases that define what work will be
performed, what deliverables will be produced, who is involved, how mgmt will control and
approve work



A deliverable is a - Answer product or service produced or provided as part of the project



Predictive SDLC models - Answer Waterfall, spiral, incremental, RAD



Adaptive life cycle models - Answer Scrum, XP



Kill points or phase exists are - Answer management reviews



A process is - Answer a series of actions directed toward a particular result

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