MBA 742 Module 1 Practice Questions
All Solved Correctly.
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.
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
All Solved Correctly.
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.
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
