PJM Final Exam UPDATED ACTUAL
Questions and CORRECT Answers
Portfolio management. - CORRECT ANSWER✔✔- You are a manager at Chenco LTD.
Your job responsibility is to align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or subsidiary portfolios to optimize
project or program objectives, dependencies, costs, timelines, benefits, resources, and risks.
This is known as:
A temporary endeavor undertaken to create a unique product, service, or result. - CORRECT
ANSWER✔✔- Which of the following statements best describe a project?
The centralized management of one or more portfolios to achieve strategic objectives. -
CORRECT ANSWER✔✔- The term portfolio management refers to:
The product life cycle is contained within the predictive project life cycle. - CORRECT
ANSWER✔✔- Which of the following statements about the project life cycle and the
product life cycle is NOT true?
Project life cycle - CORRECT ANSWER✔✔- The collection of generally sequential and
sometimes overlapping project phases, whose name and number are determined by the
management and control needs of the organization or organizations involved in the project, is
known as the:
Because of their temporary nature, projects cannot help achieve an organization's long-term
goals. Therefore, strategic activities in the organization can be generally addressed within the
organization's normal operations. - CORRECT ANSWER✔✔- All of the following are true
about projects and operations, EXCEPT:
What are the communication requirements? - CORRECT ANSWER✔✔- All of the
following are questions that the key stakeholders and project managers should answer to
develop the project success measures, EXCEPT:
A group of related projects, subsidiary programs, and program activities managed in a
coordinated manner. - CORRECT ANSWER✔✔- Which of the following statements best
describe the term program?
, Managing most projects most of the time. - CORRECT ANSWER✔✔- The PMBOK®
Guide is the standard for:
Cost and staffing levels are generally steady throughout the project life cycle. - CORRECT
ANSWER✔✔- All of the following are true about project phases and the project life cycle,
EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing - CORRECT
ANSWER✔✔- The project management institute (PMI) groups project management
processes into five Project Management Process Groups, which are:
Correct!
Cost and staffing levels are generally steady throughout the project life cycle. - CORRECT
ANSWER✔✔- All of the following are true about project phases and the project life cycle,
EXCEPT:
Portfolio management. - CORRECT ANSWER✔✔- You are a manager at Chenco LTD.
Your job responsibility is to align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or subsidiary portfolios to optimize
project or program objectives, dependencies, costs, timelines, benefits, resources, and risks.
This is known as:
Because of their temporary nature, projects cannot help achieve an organization's long-term
goals. Therefore, strategic activities in the organization can be generally addressed within the
organization's normal operations. - CORRECT ANSWER✔✔- All of the following are true
about projects and operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and lessons learned. -
CORRECT ANSWER✔✔- All of the following are potential information in organizational
knowledge repositories, EXCEPT
In project management, it is important to consider the difference between outcome and
output. - CORRECT ANSWER✔✔- Audrey is a project manager at Chenco LTD. Because
of her experience and education, she is often invited by senior managers to examine how
certain projects can create value for the organization. Which of the following statements is
true when examining the value of a project?
Questions and CORRECT Answers
Portfolio management. - CORRECT ANSWER✔✔- You are a manager at Chenco LTD.
Your job responsibility is to align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or subsidiary portfolios to optimize
project or program objectives, dependencies, costs, timelines, benefits, resources, and risks.
This is known as:
A temporary endeavor undertaken to create a unique product, service, or result. - CORRECT
ANSWER✔✔- Which of the following statements best describe a project?
The centralized management of one or more portfolios to achieve strategic objectives. -
CORRECT ANSWER✔✔- The term portfolio management refers to:
The product life cycle is contained within the predictive project life cycle. - CORRECT
ANSWER✔✔- Which of the following statements about the project life cycle and the
product life cycle is NOT true?
Project life cycle - CORRECT ANSWER✔✔- The collection of generally sequential and
sometimes overlapping project phases, whose name and number are determined by the
management and control needs of the organization or organizations involved in the project, is
known as the:
Because of their temporary nature, projects cannot help achieve an organization's long-term
goals. Therefore, strategic activities in the organization can be generally addressed within the
organization's normal operations. - CORRECT ANSWER✔✔- All of the following are true
about projects and operations, EXCEPT:
What are the communication requirements? - CORRECT ANSWER✔✔- All of the
following are questions that the key stakeholders and project managers should answer to
develop the project success measures, EXCEPT:
A group of related projects, subsidiary programs, and program activities managed in a
coordinated manner. - CORRECT ANSWER✔✔- Which of the following statements best
describe the term program?
, Managing most projects most of the time. - CORRECT ANSWER✔✔- The PMBOK®
Guide is the standard for:
Cost and staffing levels are generally steady throughout the project life cycle. - CORRECT
ANSWER✔✔- All of the following are true about project phases and the project life cycle,
EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing - CORRECT
ANSWER✔✔- The project management institute (PMI) groups project management
processes into five Project Management Process Groups, which are:
Correct!
Cost and staffing levels are generally steady throughout the project life cycle. - CORRECT
ANSWER✔✔- All of the following are true about project phases and the project life cycle,
EXCEPT:
Portfolio management. - CORRECT ANSWER✔✔- You are a manager at Chenco LTD.
Your job responsibility is to align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or subsidiary portfolios to optimize
project or program objectives, dependencies, costs, timelines, benefits, resources, and risks.
This is known as:
Because of their temporary nature, projects cannot help achieve an organization's long-term
goals. Therefore, strategic activities in the organization can be generally addressed within the
organization's normal operations. - CORRECT ANSWER✔✔- All of the following are true
about projects and operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and lessons learned. -
CORRECT ANSWER✔✔- All of the following are potential information in organizational
knowledge repositories, EXCEPT
In project management, it is important to consider the difference between outcome and
output. - CORRECT ANSWER✔✔- Audrey is a project manager at Chenco LTD. Because
of her experience and education, she is often invited by senior managers to examine how
certain projects can create value for the organization. Which of the following statements is
true when examining the value of a project?
