Project Management- C722 EXAM QUESTIONS WITH ANSWERS

Project Management- C722 EXAM |\ |\ |\ |\




QUESTIONS WITH ANSWERS |\ |\




portfolio - CORRECT ANSWERS ✔✔a group of related programs
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that support a long-term company goal or objective Pg 13
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program - CORRECT ANSWERS ✔✔a group of related projects Pg
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13


project - CORRECT ANSWERS ✔✔an activity or group of activities
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to generate a new, unique product, service, or results to support
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that program Pg 13
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charter - CORRECT ANSWERS ✔✔a document that, like a
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contract, is agreed upon by the sponsor and key stakeholders. It
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defines the project and authorizes the resources, roles,
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responsibilities, authorities, and scope for the project Pg 13 |\ |\ |\ |\ |\ |\ |\ |\




Specific, measurable, attainable, relevant, timely - CORRECT
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ANSWERS ✔✔Criteria of specific objectives that are unique to a
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project are referred to as SMART which stands for what Pg 15
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triple constraint - CORRECT ANSWERS ✔✔cost (budget), schedule
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(time), and scope (deliverables) Pg 17
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,stakeholder analysis - CORRECT ANSWERS ✔✔analysis to define |\ |\ |\ |\ |\ |\ |\ |\


the relevant stakeholders, their interests, and their
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communication needs Pg 19 |\ |\ |\




Change Control Board (CCB) - CORRECT ANSWERS ✔✔a group of
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people who track changes in a project and can be used as a
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governance tool Pg 19 |\ |\ |\




Work Breakdown Structures (WBS) - CORRECT ANSWERS ✔✔a key
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tool so that people understand what is expected of them and
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how they will be held accountable Pg 21
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Project Management Institute (PMI) - CORRECT ANSWERS
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✔✔Founded in 1969, it's headquartered in Newton, PA, and has |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


member chapters on every continent (except Antarctica).
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Publishes foundational and practice standards and is the largest
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in the world. Pg 22
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Association for Project Management (APM) - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\


✔✔A UK-based charter organization that is the largest
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professional body of its kind in Europe. Formed in 1972, it's |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


membership is primarily limited to the United Kingdom. Pg 22 |\ |\ |\ |\ |\ |\ |\ |\ |\




International Project Management Association (IPMA) - CORRECT |\ |\ |\ |\ |\ |\ |\


ANSWERS ✔✔the world's first project management association,
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founded in 1965. The leading authority on competent project,
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programme, and portfolio management (PPPM) Pg 22 |\ |\ |\ |\ |\ |\

, AXELOS, Ltd - CORRECT ANSWERS ✔✔a joint venture between
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the government of the United Kingdom and Captia PLC. It was
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formed to manage and grow a number of standards and
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associated certifications developed by the Cabinet office,
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including ITIL (Information Technology Infrastructure Library),
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PRINCE2, and Managing Successful Programs (MSP). Pg 22
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Functional (Departmentalized) Organization pros/cons - CORRECT
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ANSWERS ✔✔Pros: Lines of authority are clear; work is easily
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prioritized by identified departmental authority
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Cons: Utilizing resources across functions can be difficult; project
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is not managed holistically
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Projectized Organization pros and cons - CORRECT ANSWERS|\ |\ |\ |\ |\ |\ |\ |\


✔✔Pros: Clear lines of authority; project is managed holistically;
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gain historical data from prior projects.
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Cons: Approach is expensive because of the duplication of
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personnel; SME assigned may not have the most appropriate
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knowledge or expertise for the project |\ |\ |\ |\ |\




Matrix Organization pros and cons - CORRECT ANSWERS ✔✔Pros:
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Central focus is the project; issues are responded to quickly.
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Cons: Requires cooperation and coordination between and among
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functional departments and project managers; resource
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balancing between projects can lead to friction.
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