©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
MBA 742 Module 1 Exam Questions With
Correct Answers 100% Verified.
Project - Answer✔a temporary endeavor undertaken to create a new product, service, or result
Project Management - Answer✔the application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements
1. Initiation
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing - Answer✔5 Project Management Process Groups
Program - Answer✔a group of related projects managed in a coordinated way to obtain
benefits (and control) not available managing them individually
...doing programs and projects the "right" way. - Answer✔Program and project management
focus on...
...doing the "right" programs and projects. - Answer✔Portfolio Management focuses on...
Planning - Answer✔________ is a huge part of project management.
Progressive Elaboration (Rolling Wave Planning) - Answer✔the iterative process of increasing
the level of detail in a project management plan as greater amounts of information and more
accurate estimates become available
Progressive Elaboration - Answer✔the formal progression of getting from Order of Magnitude
estimation (aka ballpark) to budgetary (where it needs to be before beginning execution)
Initiating - Answer✔__________ processes are used at the start of a project phase or life cycle
phase.
, ©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
Planning - Answer✔________ processes are used to further elaborate the information in the
initiating process.
Planning - Answer✔________ processes help ensure the project will achieve its objectives.
Executing - Answer✔_________ processes are used to complete the project work.
Monitoring and Controlling - Answer✔__________ processes compare the planned work to the
accomplished work to determine if corrective or preventative action is required.
Monitoring and Controlling - Answer✔___________ processes are used to ensure the project is
performing as planned.
Monitoring and Controlling - Answer✔____________ processes ensure that any change to the
project is managed appropriately.
Project Integration Management - Answer✔the knowledge area that instructs us to consider all
of the other knowledge areas and the interrelationships amount them
Planning - Answer✔What process group has the highest number of processes?
Project Charter - Answer✔a document issued by the project initiator or sponsor that formally
authorizes the existence of a project and provides the project manager with the authority to
apply organizational resources to project activities
Business Case - Answer✔compilation of information that describes the business need, a cost-
benefit analysis, project feasibility, impact on the marketplace, and potential cost saving or
growth opportunities
Enterprise Environmental Factors - Answer✔conditions not under control of the project team
that influence, constrain, or direct the project, portfolio, or program
Organizational Process Assets - Answer✔plans, processes, policies, procedures, and knowledge
bases that are specific to and used by the performing organization
Expert Judgement - Answer✔judgement provided based upon the expertise in an application
area, knowledge area, discipline, industry, etc. as appropriate for the activity being performed
Project Sponsor - Answer✔a particularly important project stakeholder who provides resources
and support for the project, program, or portfolio and is accountable for enabling success
Change Request - Answer✔a formal proposal to modify any document, deliverable, or baseline
Work Performance Information - Answer✔the performance data collected from controlling
processes, analyzed in context and integrated based on relationships across knowledge areas
MBA 742 Module 1 Exam Questions With
Correct Answers 100% Verified.
Project - Answer✔a temporary endeavor undertaken to create a new product, service, or result
Project Management - Answer✔the application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements
1. Initiation
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing - Answer✔5 Project Management Process Groups
Program - Answer✔a group of related projects managed in a coordinated way to obtain
benefits (and control) not available managing them individually
...doing programs and projects the "right" way. - Answer✔Program and project management
focus on...
...doing the "right" programs and projects. - Answer✔Portfolio Management focuses on...
Planning - Answer✔________ is a huge part of project management.
Progressive Elaboration (Rolling Wave Planning) - Answer✔the iterative process of increasing
the level of detail in a project management plan as greater amounts of information and more
accurate estimates become available
Progressive Elaboration - Answer✔the formal progression of getting from Order of Magnitude
estimation (aka ballpark) to budgetary (where it needs to be before beginning execution)
Initiating - Answer✔__________ processes are used at the start of a project phase or life cycle
phase.
, ©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
Planning - Answer✔________ processes are used to further elaborate the information in the
initiating process.
Planning - Answer✔________ processes help ensure the project will achieve its objectives.
Executing - Answer✔_________ processes are used to complete the project work.
Monitoring and Controlling - Answer✔__________ processes compare the planned work to the
accomplished work to determine if corrective or preventative action is required.
Monitoring and Controlling - Answer✔___________ processes are used to ensure the project is
performing as planned.
Monitoring and Controlling - Answer✔____________ processes ensure that any change to the
project is managed appropriately.
Project Integration Management - Answer✔the knowledge area that instructs us to consider all
of the other knowledge areas and the interrelationships amount them
Planning - Answer✔What process group has the highest number of processes?
Project Charter - Answer✔a document issued by the project initiator or sponsor that formally
authorizes the existence of a project and provides the project manager with the authority to
apply organizational resources to project activities
Business Case - Answer✔compilation of information that describes the business need, a cost-
benefit analysis, project feasibility, impact on the marketplace, and potential cost saving or
growth opportunities
Enterprise Environmental Factors - Answer✔conditions not under control of the project team
that influence, constrain, or direct the project, portfolio, or program
Organizational Process Assets - Answer✔plans, processes, policies, procedures, and knowledge
bases that are specific to and used by the performing organization
Expert Judgement - Answer✔judgement provided based upon the expertise in an application
area, knowledge area, discipline, industry, etc. as appropriate for the activity being performed
Project Sponsor - Answer✔a particularly important project stakeholder who provides resources
and support for the project, program, or portfolio and is accountable for enabling success
Change Request - Answer✔a formal proposal to modify any document, deliverable, or baseline
Work Performance Information - Answer✔the performance data collected from controlling
processes, analyzed in context and integrated based on relationships across knowledge areas
