PROJECT MANAGEMENT THE MANAGERIAL
PROCESS SOLUTION MANUAL 2026 STUDY
GUIDE REVISION SHEET CORE CONCEPT
BREAKDOWN
◉ program.
Answer: a group of related projects Pg 13
◉ project.
Answer: an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
◉ charter.
Answer: 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.
Answer: Criteria of specific objectives that are unique to a project
are referred to as SMART which stands for what Pg 15
,◉ triple constraint.
Answer: cost (budget), schedule (time), and scope (deliverables) Pg
17
◉ stakeholder analysis.
Answer: analysis to define the relevant stakeholders, their interests,
and their communication needs Pg 19
◉ Change Control Board (CCB).
Answer: a group of people who track changes in a project and can be
used as a governance tool Pg 19
◉ Work Breakdown Structures (WBS).
Answer: 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).
Answer: 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).
, Answer: 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).
Answer: 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.
Answer: 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.
Answer: 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
◉ Projectized Organization pros and cons.
PROCESS SOLUTION MANUAL 2026 STUDY
GUIDE REVISION SHEET CORE CONCEPT
BREAKDOWN
◉ program.
Answer: a group of related projects Pg 13
◉ project.
Answer: an activity or group of activities to generate a new, unique
product, service, or results to support that program Pg 13
◉ charter.
Answer: 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.
Answer: Criteria of specific objectives that are unique to a project
are referred to as SMART which stands for what Pg 15
,◉ triple constraint.
Answer: cost (budget), schedule (time), and scope (deliverables) Pg
17
◉ stakeholder analysis.
Answer: analysis to define the relevant stakeholders, their interests,
and their communication needs Pg 19
◉ Change Control Board (CCB).
Answer: a group of people who track changes in a project and can be
used as a governance tool Pg 19
◉ Work Breakdown Structures (WBS).
Answer: 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).
Answer: 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).
, Answer: 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).
Answer: 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.
Answer: 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.
Answer: 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
◉ Projectized Organization pros and cons.
