Principles of Project Management Exam Manual |UPDATED| Question and Answers #latest

Principles of Project Management Exam Manual |UPDATED| Question and Answers #latest 2 types of activities of organizations *Answer* operations & projects operations *Answer* Operations are the day-to-day activities in which organizations engage. The result of these activities might be a product or a service satisfying a need that a customer is willing to pay for projects *Answer* modifies the business or its products for future profitability; develops a new product or service: new technology features, an improved service, or cost reduction for the business in providing services, such as better accounting systems integration management *Answer* identify, define, and coordinate various processes and project management activities scope management *Answer* ensure that all the work required is identified to complete the project successfully time management *Answer* to manage the timely completion of the project cost management *Answer* planning, estimating, budgeting, managing, and controlling costs so that the project can be completed within the approved budget quality management *Answer* determine quality policies, objectives, and responsibilities human resource management *Answer* organize, manage, and lead the project team communication management *Answer* ensure timely and appropriate planning, creation, distribution, management, control, and monitoring of project information risk management *Answer* conducting risk management planning, identification, analysis, response planning, and controlling risk on a project procurement management *Answer* acquire products, services, or results needed from outside the project team stakeholder management *Answer* identify all people or organizations impacted by the project, analyzing stakeholder expectations, and developing appropriate strategies for effectively engaging stakeholders in proj