APM PMQ - PRINCIPLES OF PROJECT MANAGEMENT|
FINAL EXAM QUESTIONS & ANSWERS
Are all project management processes linear? e.g. completed once and
not repeated? - correct answer- No some may be constantly
repeated throughout the project e.g. estimation of project budget, or
updating of business case, re-baselining of requirements, ongoing risk
management.
Define a benefit - correct answer- The quantifiable and measurable
improvement resulting from completion of deliverables that is perceived
as positive by a stakeholder. It will normally have a tangible value,
expressed in monetary terms, that will justify the investment.
Define a project - correct answer- A unique , transient endeavor
undertaken to achieve planned objectives
Define a project review - correct answer- A review is a critical
evaluation of a deliverable, business case, or a project, programme, and
portfolio management process.
Define Governance or Governance of Project Management (GoPM) -
correct answer- Governance refers to the set of policies, regulations,
functions, processes, procedures, and responsibilities that define the
establishment, management and control of projects, programmes and
portfolios.
, i.e. everything involved in benevolently controlling how projects
operate.
Define portfolio management - correct answer- The selection,
prioritisation and control of an organisation's projects and programmes
in line with it's strategic objectives and capacity to deliver.
Define programme management - correct answer- The coordinated
management of projects and change management activities to achieve
beneficial change.
Define project management - correct answer- The application of
processes, methods, knowledge, skills and experience to achieve the
project objectives
Define Sponsorship (the role of the project sponsor) - correct answer-
An important senior management role. The sponsor is accountable for
ensuring that the work is governed effectively and delivers the objectives
that meet identified needs.
Define strategic management - correct answer- The identification,
selection and implementation of an organisations long term goals and
objectives.
Define the project environment.
FINAL EXAM QUESTIONS & ANSWERS
Are all project management processes linear? e.g. completed once and
not repeated? - correct answer- No some may be constantly
repeated throughout the project e.g. estimation of project budget, or
updating of business case, re-baselining of requirements, ongoing risk
management.
Define a benefit - correct answer- The quantifiable and measurable
improvement resulting from completion of deliverables that is perceived
as positive by a stakeholder. It will normally have a tangible value,
expressed in monetary terms, that will justify the investment.
Define a project - correct answer- A unique , transient endeavor
undertaken to achieve planned objectives
Define a project review - correct answer- A review is a critical
evaluation of a deliverable, business case, or a project, programme, and
portfolio management process.
Define Governance or Governance of Project Management (GoPM) -
correct answer- Governance refers to the set of policies, regulations,
functions, processes, procedures, and responsibilities that define the
establishment, management and control of projects, programmes and
portfolios.
, i.e. everything involved in benevolently controlling how projects
operate.
Define portfolio management - correct answer- The selection,
prioritisation and control of an organisation's projects and programmes
in line with it's strategic objectives and capacity to deliver.
Define programme management - correct answer- The coordinated
management of projects and change management activities to achieve
beneficial change.
Define project management - correct answer- The application of
processes, methods, knowledge, skills and experience to achieve the
project objectives
Define Sponsorship (the role of the project sponsor) - correct answer-
An important senior management role. The sponsor is accountable for
ensuring that the work is governed effectively and delivers the objectives
that meet identified needs.
Define strategic management - correct answer- The identification,
selection and implementation of an organisations long term goals and
objectives.
Define the project environment.
