Final Review: LSUS - ISDS 715 - Module 1 Test with 100% Correct Answers

Final Review: LSUS - ISDS 715 - Module 1 Test with 100% Correct Answers Doing programs and projects the "right" way. *Ans* Program and project management focuses on... Project Management Institute (PMI) *Ans* The leading not-for-profit professional membership association for the project management profession Project *Ans* A temporary endeavor undertaken to create a unique product, service, or result. Project Management *Ans* The application of knowledge, skills, tools, and techniques to project activities to meet project requirements Program *Ans* A group of related projects...managed in a coordinated way to obtain benefits (and control) not available managing them individually. Project Management Process Groups (5) *Ans* Initiation, Planning, Executing, Monitoring and Controlling, Closing Doing the "right" programs and projects. *Ans* Portfolio management focuses on... Common language, Common processes, Singular methodology and training, benchmarking, Continuous improvement *Ans* What are the benefits of standardizing Project Management? Project Selection *Ans* One of the primary parts of Portfolio Management Project Life Cycle *Ans* Provides the basic sequence of work for the project. Four Major Categories of Project Life Cycles *Ans* Predictive (Plan-Driven), Iterative, Incremental, Adaptive (Change-Driven/Agile) Iterative or Incremental Life Cycle *Ans* If the project can be delivered in segments, then this approach may be in order. Agile Life Cycle *Ans* When a significant level of change in the project is projected and customers can be part of the team, then this approach would be appropriate. Predictive Life Cycle *Ans* When the project needs are clearly defined and well understood at the start, then this approach is a