Project Management- C722 Questions and Answers with complete solutions

Triple constraint - Answer-time, cost, scope Red light issues - Answer-things that will immediately impact the success of the project yellow light issues - Answer-things that may be impending issues arising for the future of the project, plus recommendations for how to avoid these issues from becoming problems program review - Answer-(monthly) multi project review for sponser and other senior managers; milestones 8 and 80 rule - Answer-avoid controlling tasks of less than 8 hours; don't let more than 80 hours (or two weeks) go by without checking in. best communication for widely dispersed virtual team - Answer-shared threaded discussion basic communication tenets - Answer-establish expectations, address conflict immediately, stay focused on goals, remember dealing with individuals, conflict is oppurtunity PMBOK - Answer-project managers book of knowledge PRINCE2 - Answer-PRojects IN a Controlled Environment v2 PMI - Answer-Project Management Institute APM - Answer-Association for Project Management IPMA - Answer-International Project Management Association AXELOS, Ltd - Answer-joint venture for UK and Captia PLCFunctional (Departmentalized) - Answeroldest and most basic form of organization; lines of authority are clear; organization does not focus on solving project business issues; PM has little influence; not managed holistically Projectized - Answer-Subject matter experts from different functional areas are assigned to directly report to the project manager; PM has full authority; cross functional collaboration; timely decision making; PM has high influence; clear lines of authority; duplication of personnel; SME assigned may not have most appropriate knowledge or expertise Matrix - Answer-has less clearly defined lines of reporting; administrative personnel are not duplicated; central focus is project; issues are responded to quickly; requires cooperation between functional and project managers level 1 Ad Hoc - Answer-no formal standards