Project Management- C722
Exam Flashcards
(2025-2026)
Question and Answers
Expert Verified
(With A+ Grades Guarantee)
, portfolio a group of related programs that support a long-term company goal or objective Pg
13
program a group of related projects Pg 13
project an activity or group of activities to generate a new, unique product, service, or
results to support that program Pg 13
charter a document that, like a contract, is agreed upon by the sponsor and key
stakeholders. It defines the project and authorizes the resources, roles,
responsibilities, authorities, and scope for the project Pg 13
Specific, measurable, attainable, relevant, timely Criteria of specific objectives that are unique to a project are referred to as SMART
which stands for what Pg 15
triple constraint cost (budget), schedule (time), and scope (deliverables) Pg 17
stakeholder analysis analysis to define the relevant stakeholders, their interests, and their communication
needs Pg 19
Change Control Board (CCB) a group of people who track changes in a project and can be used as a governance
tool Pg 19
Work Breakdown Structures (WBS) a key tool so that people understand what is expected of them and how they will be
held accountable Pg 21
Project Management Institute (PMI) Founded in 1969, it's headquartered in Newton, PA, and has member chapters on
every continent (except Antarctica). Publishes foundational and practice standards
and is the largest in the world. Pg 22
Association for Project Management (APM) A UK-based charter organization that is the largest professional body of its kind in
Europe. Formed in 1972, it's membership is primarily limited to the United Kingdom.
Pg 22
International Project Management Association (IPMA) the world's first project management association, founded in 1965. The leading
authority on competent project, programme, and portfolio management (PPPM) Pg
22
AXELOS, Ltd a joint venture between the government of the United Kingdom and Captia PLC. It
was formed to manage and grow a number of standards and associated
certifications developed by the Cabinet office, including ITIL (Information
Technology Infrastructure Library), PRINCE2, and Managing Successful Programs
(MSP). Pg 22
Functional (Departmentalized) Organization pros/cons Pros: Lines of authority are clear; work is easily prioritized by identified
departmental authority
Cons: Utilizing resources across functions can be difficult; project is not managed
holistically
Exam Flashcards
(2025-2026)
Question and Answers
Expert Verified
(With A+ Grades Guarantee)
, portfolio a group of related programs that support a long-term company goal or objective Pg
13
program a group of related projects Pg 13
project an activity or group of activities to generate a new, unique product, service, or
results to support that program Pg 13
charter a document that, like a contract, is agreed upon by the sponsor and key
stakeholders. It defines the project and authorizes the resources, roles,
responsibilities, authorities, and scope for the project Pg 13
Specific, measurable, attainable, relevant, timely Criteria of specific objectives that are unique to a project are referred to as SMART
which stands for what Pg 15
triple constraint cost (budget), schedule (time), and scope (deliverables) Pg 17
stakeholder analysis analysis to define the relevant stakeholders, their interests, and their communication
needs Pg 19
Change Control Board (CCB) a group of people who track changes in a project and can be used as a governance
tool Pg 19
Work Breakdown Structures (WBS) a key tool so that people understand what is expected of them and how they will be
held accountable Pg 21
Project Management Institute (PMI) Founded in 1969, it's headquartered in Newton, PA, and has member chapters on
every continent (except Antarctica). Publishes foundational and practice standards
and is the largest in the world. Pg 22
Association for Project Management (APM) A UK-based charter organization that is the largest professional body of its kind in
Europe. Formed in 1972, it's membership is primarily limited to the United Kingdom.
Pg 22
International Project Management Association (IPMA) the world's first project management association, founded in 1965. The leading
authority on competent project, programme, and portfolio management (PPPM) Pg
22
AXELOS, Ltd a joint venture between the government of the United Kingdom and Captia PLC. It
was formed to manage and grow a number of standards and associated
certifications developed by the Cabinet office, including ITIL (Information
Technology Infrastructure Library), PRINCE2, and Managing Successful Programs
(MSP). Pg 22
Functional (Departmentalized) Organization pros/cons Pros: Lines of authority are clear; work is easily prioritized by identified
departmental authority
Cons: Utilizing resources across functions can be difficult; project is not managed
holistically
