PMP project management professional exam study guide (by Kim Heldman)Latest Update 2024

Project sponsor - ANSWERSAn executice in the orgnization with the authority to assign resources and enforce decisions regarding the project, is a stakeholder. Who approves the project charter - ANSWERSProject sponsor Who gives authority to project manager? - ANSWERSProject sponsor Who are stakeholders? - ANSWERSProject manager, project sponsor, customer, business partner, executive managers, organizational groups, vendors, functional managers, project management office. Conflicting interests - ANSWERSIt is the project managers responsibility to understand these conflicts and try to resolve them. Stakeholder expectations - ANSWERSIt's the project managers responsibility to manage stakeholder expectations. Project characteristics - ANSWERSUnique, temporary in nature and have a definite beginning and end date, projects are completed when the project goals are achieved or its's determined the project is no longer viable, a successful project is one that meets the expectations of your stakeholders, projects initiate change in the organization, projects bring about business value creation. What is project management? - ANSWERSProject management brings together s set of tools and techniques—performed by people—to describe, organize, and monitor the work of project activities. Project managers are - ANSWERSThe people responsible for managing the project processes and applying the tools and techniques used to carry out project activities. PMBOK project management defintion - ANSWER