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Chapter 1 Introduction to Project Management | Study Guide, Practice Questions, Answers & Exam Review 2026/2027

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Chapter 1 Introduction to Project Management | Study Guide, Practice Questions, Answers & Exam Review 2026/2027

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Chapter 1_ INTRODUCTION TO PROJECT MANAGEMENT|| Latest Update




Chapter 1: INTRODUCTION TO PROJECT
MANAGEMENT
What is a project? - ANS--has a unique purpose
-is a temporary endeavor
-has a beginning and an end
-is developed using progressive elaboration
-requires resources, often from various areas
-should have a primary customer or sponsor

A project is a way to create... - ANS--a product
-an improvement
-a service
-a result

Portfolio - ANS-a collection of projects, programs, and operations managed as a group
to support strategic objectives

Program - ANS-is grouped within a portfolio

Project Management - ANS-The application of knowledge, skills, tools, and techniques
to project activities to meet the project requirements

The 5 process groups (Project life cycle) - ANS-1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing

the knowledge area of Project Integration Management - ANS-Ensure that all the
project's components are properly coordianted

the knowledge area of Project Scope Management - ANS-Define the processes that
limit and control the work included in a project

the knowledge area of Project time Management - ANS-Manage the activities to
complete the project within the allotted time




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