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Latest notes & summaries Yale University
What is the definition of a project? 
Temporary endeavor—with a beginning and an end 
Creates a unique product, service, or result 
 
 
 
What is operational work? 
Ongoing work to support the business and systems of the organization 
 
 
 
What is the definition of a program? What is the definition of a portfolio? 
Program: A group of related projects, managed in a coordinated way 
Portfolio: A group of programs, individual projects, and other related operational work that are prioritized and...
(33)* Question ID: 483 
As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? 
 
A. The project will be delayed because activity E is on the critical path. 
B. None, because activity E is not on the critical path. 
C. None, because activity E has float of four. 
D. The projec...
(1)* Question ID: 200 
Your project team has identified dependencies on six related projects that are providing major deliverables to your project. Some of these projects have a very similar scope and may overlap with your deliverables. In light of this, which of the following processes should you be most concerned about? 
 
A. Validate Scope 
B. Plan Risk Responses 
C. Plan Communications Management 
D. Control Scope 
The correct answer is B. 
 
The biggest concern must be the risks other proje...
Shadi is working as a project manager of a software development project. The project is following a Scrum methodology. In the daily scrum meeting, the development team always comes to meetings late. Which of the following is most likely to be the cause of this problem? 
A. The team resents the work that they're doing. 
 
B. The team is in the storming phase of team development. 
 
*C. The project manager was late to meetings himself, and this influenced the team.* 
 
D. The project manager need...
(33)* Question ID: 483 
As per the chart, the team member completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different person to activity E, but this will increase activity E's duration to seven months. What is the effect of this change? 
 
A. The project will be delayed because activity E is on the critical path. 
B. None, because activity E is not on the critical path. 
C. None, because activity E has float of four. 
D. The projec...
Select PM 
Initiating1 
 
 
 
Determine company culture and existing systems 
Initiating2 
 
 
 
Collect processes, procedures, and historical information 
Initiating3 
 
 
 
Divide large projects into phases 
Initiating4 
 
 
 
Understand the business case 
Initiating5 
 
 
 
Uncover initial requirements, assumptions, risks, constraints, and existing agreements 
Initiating6 
 
 
 
Assess project and product feasibility within the given contsraints 
Initiating7 
 
 
 
Create measurable objects 
...
1 Squadron Name, Flight, Colour, Mascot 
Hudson, Alpha, Navy Blue, Spider 
 
 
 
2 Squadron Name, Flight, Colour, Mascot 
Lasalle, Fighter, Red, Griffon 
 
 
 
3 Squadron Name, Flight, Colour, Mascot 
Pontiac, Grizzly, Forest Green, Grizzly Bear 
 
 
 
4 Squadron Name, Flight, Colour, Mascot 
Frontenac, Keable, Sky Blue, Shark 
 
 
 
5 Squadron Name, Flight, Colour, Mascot 
Brock, Papa, Maroon, Phoenix 
 
 
 
6 Squadron Name, Flight, Colour, Mascot 
Brant, Romeo, Gold, Pirate 
 
 
 
7 Squadron N...
Question: 1 
 
A project is approaching successful completion, and all stakeholders are really proud of the 
achieved results. The project management office 
(PMO) recommends the project manager to lead the next similar project. 
What should the project manager do next? 
A. Engage key stakeholders to complete and deliver lessons learned. 
B. Select the same stakeholders for the next project to avoid doing knowledge transfer. 
C. Present the project achievements and delegate knowledge transfer to...
Risk Register 
A risk register is a repository in which outputs of risk management processes are recorded. Information in a risk register can include the person responsible for managing the risk, probability, impact, risk score, planned risk responses, and other information used to get a high-level understanding of individual risks. 
 
 
 
Configuration Management Plan 
Describes how the information about the items of the project (and which items) will be recorded and updated so that the product...
(1) Question ID: 1026 
If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: 
 
A. $20,000 profit 
B. $60,000 loss 
C. $40,000 loss 
D. $100,000 profit 
The correct answer is A. 
 
Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 
0.6 × $100,000 = $60,000 
0.4 × ($100,000) = ($40,000) 
Expected...