COMPLETE SOLVED QUESTIONS PRACTICE
REVISION PACK EXPERT REVIEW 400 ITEMS
◉ Application areas.
Answer: The areas of expertise, industry, or function where a project
is centered. Examples of application areas include architecture, IT,
healthcare, or manufacturing.
◉ Certified Associate in Project Management (CAPM).
Answer: A person who has slightly less project management
experience than a PMP, but who has qualified for and then passed
the CAPM examination.
◉ Cultural and social environment.
Answer: Defines how a project affects people and how those people
may affect the project. Cultural and social environments include the
economic, educational, ethical, religious, demographic, and ethnic
composition of the people affected by the project.
◉ Deliverable.
Answer: A product, service, or result created by a project. Projects
can have multiple deliverables.
,◉ General management skills.
Answer: These include the application of accounting, procurement,
sales and marketing, contracting, manufacturing, logistics, strategic
planning, human resource management, standards and regulations,
and information technology.
◉ International and political environment.
Answer: The consideration of the local and international laws,
languages, communication challenges, time zone differences, and
other non-collocated issues that affect a project's ability to progress.
◉ Interpersonal skills.
Answer: The ability to interact, lead, motivate, and manage people.
◉ Iron Triangle of Project Management.
Answer: A triangle with the characteristics of time, cost, and scope.
Time, cost, and scope each constitute one side of the triangle; if any
side of the Iron Triangle is not in balance with the other sides, the
project will suffer. The Iron Triangle of Project Management is also
known as the Triple Constraints of Project Management, as all
projects are constrained by time, cost, and scope.
◉ Physical environment.
,Answer: The physical structure and surroundings that affect a
project's work.
◉ Program.
Answer: A collection of related projects working in unison toward a
common deliverable.
◉ Progressive elaboration.
Answer: The process of gathering project details in steady, uniform
steps. This process uses deductive reasoning, logic, and a series of
information-gathering techniques to identify details about a project,
product, or solution.
◉ Project.
Answer: A short-term endeavor to create a unique product, service,
or result. The end result of a project is also called a deliverable.
◉ Project environment.
Answer: The location and culture of the environment where the
project work will reside. The project environment includes the
social, economic, and environmental variables the project must work
with or around.
◉ Project Management Institute (PMI).
, Answer: An organization of project management professionals from
around the world, supporting and promoting the careers, values, and
concerns of project managers.
◉ Project management office (PMO).
Answer: A central office that oversees all projects within an
organization or within a functional department. A PMO supports the
project management through software, training, templates, policies,
communication, dispute resolution, and other services.
◉ Project Management Professional (PMP).
Answer: A person who has proven project management experience
and has qualified for and then passed the PMP certification
examination.
◉ Project portfolio management.
Answer: The management and selection of projects, that support an
organization's vision and mission. It is the balance of project
priority, risk, reward, and return on investment. This is a senior
management process.
◉ Subprojects.
Answer: A smaller project managed within a larger, parent project.
Subprojects are often contracted work whose deliverable allows the
larger project to progress.