WITH 100% VERFIED SOLUTIONS 2024-2025-GRADED A+
Why are projects important to an organization? (Choose all that apply.)
*They improve existing products or services for the organization.
*They develop new products or services for the organization.
Integration management:
Includes processes and activities needed to identify, define, and coordinate various processes and
project management activities
Scope management:
Includes the processes that ensure that all the work required is identified to complete the project
successfully
Time management:
Includes the processes required to manage the timely completion of the project
Cost management:
Includes the processes involved in planning, estimating, budgeting, managing, and controlling costs so
that the project can be completed within the approved budget
Quality management:
Includes processes and activities that determine quality policies, objectives, and responsibilities
Human resource management:
Includes the processes that organize, manage, and lead the project team
Communication management:
Includes processes to ensure timely and appropriate planning, creation, distribution, management,
control, and monitoring of project information
Risk management:
Includes the processes of conducting risk management planning, identification, analysis, response
planning, and controlling risk on a project
Procurement management:
Includes the processes necessary to acquire products, services, or results needed from outside the
project team
,Stakeholder management
Includes the processes required to identify all people or organizations impacted by the project, analyze
stakeholder expectations, and develop appropriate strategies for effectively engaging stakeholders in
project decisions and execution
In addition to the triple constraints, what other considerations may determine if the project is
successful?
The requirements in the scope adequately define the project's objectives.
When it is determined that a project will not be in alignment with company strategic goals, what is the
best course of action?
Advise top management and seek direction from them.
Your company has just revised its long-term goals and objectives as well as its long-term strategic plans.
What is the impact on an existing project?
Reevaluate the project in view of the new long-term strategic plans.
Projects are important to organizations because they provide organizations with the opportunity to:
Create or improve products and services
____________ are temporary endeavors with a specified start and end date that exist to develop a
unique product, service, or result.
Projects
____________ are the on-going, daily activities of an organization that produces revenue and expense.
Operations
From the following list, select the item that is an example of a product that a project creates.
Buildings
A _____________ represents an important business need or issue and provides an opportunity for
others to create an appropriate, valuable solution.
Business Scenario
From the following list, select the item that is not a product that a project creates
Filing documents
____________ consists of the activities, methods, tactics, etc. that will be employed to meet business
goals.
A business strategy
A project is successful if it meets the triple constraints of scope, ________, and budget.
Schedule
,Strategy is determined by ____________ in the organization to improve the value of the company.
Senior management
A ____________ is a group of related programs which support a long term company goal or objective.
Portfolio
A ____________ is an activity or group of activities to generate a new, unique product, service, or
results to support a program.
Project
A ____________ is a group of related projects.
Program
The Project Management Institute defines ____________ as "the application of knowledge, skills, tools
and techniques to project activities."
Project management
Project objectives should be ____________, measurable, attainable, relevant, and timely.
Specific
Which of the following is a challenge to effective project management?
Lack of alignment can derail a project and create confusion throughout the project life cycle.
Every ____________ should be aware of the impact of project management challenges and anticipate
how to avoid them in order to ensure the success of their projects.
Project sponsor + manager
A(n) ___________ plan should include approved requirements, schedule resource plans, and budgeting
requirements.
Project Plan
If the product design manager is also responsible for the overall delivery of the product, the PM is
considered to be a __________ project manager
Working
What is the best description of a stakeholder?
Anyone who is involved with the project from inside or outside of the organization who is either a user
or contributor to the project and the organization
Who manages the varying interests of stakeholders?
Project manager
, A firm begins its strategic business initiative of developing a new business model that will allow the
firm to deliver an efficient, tailored service to its customers. To accomplish this, the firm initiates a
business management project.
Which aspect of project management applies to this firm’s project?
Interdependent tasks
A firm begins its strategic business initiative of developing a new business model to enhance its
competitiveness.
What can be identified as a strategic business initiative for this firm?
Improvement in product design
A firm begins a strategic business initiative of developing a new business model that will allow the
firm to deliver an efficient, tailored service to its customers.
Which stakeholder would have triggered this strategic business initiative?
Project sponsor
Which group is included in the five process groups?
Closing process group
What does PRINCE2 stand for?
PRojects IN a Controlled Environment
Which PMBOK process group is described as the delivery part of project management where the main
activity happens?
Executing
Which advantage does the functional (departmentalized) organizational structure provide for a firm with
multiple projects?
Lines of authority are clear.
Which two organizations are examples of organizations with the functional organizational structure?
Choose 2 answers
The U.S. Department of State
The U.S Department of Energy
An organization expects to use a project management office (PMO) to support multiple projects that
will be implemented within a projectized organizational structure.
Which implied effect is a benefit to this organization?
Project team members gain access to historical data from other projects.