Mgmt 404 Study Guide exam questions
with correct answers
What are the five process groups - CORRECT ANSWER-✔✔✅1) Initiating
2) Monitoring & Controlling
3) Planning
4) Executing
5) Closing
1)Initiating purpose - CORRECT ANSWER-✔✔✅1. develop and gain approval of a general statement of
the goal and business value of the project
-defines and authorize a project
-officially launched through a project charter, which names the project manager
-objectives and deliverables develop initial scope
-define success criteria and identify project stakeholder
2)Planning Purpose - CORRECT ANSWER-✔✔✅2. identify work to be done and estimate time, cost, and
recourse requirements, and gain approval
(project manager and project teams)
-refine objectives, determine scope, determine actions to attain the objectives
-scope change mgmt project
-communication needs and techniques
-project lifestyle
-detailed budget and schedule approval
3)Executing purpose - CORRECT ANSWER-✔✔✅3. Recruit team and establish team operating rules
,-resources perform the work as schedule
-project manager coordinates people and resources
-ensure scope are met, along with approval changes
3)Processes in Executing - CORRECT ANSWER-✔✔✅-direct and manage project execution
-acquire project team
-perform quality assurance
-distribute information
-conduct procurements
-mgmt stakeholder expectations
4)Monitor and Controlling Purpose - CORRECT ANSWER-✔✔✅4. Respond to change requirements and
resolve problem situations to maintain project progress
-Monitor project through lifecycle
-monitor performance, changes, and risk
-verify scope projects
-controlling is action and problem solving is based upon what we have monitored
5)Closing purpose - CORRECT ANSWER-✔✔✅5. Assure attaining of client requirements and install
deliverables
-Formal acceptance of the project
-close any contracts
-disband or transition the project team
-celebrate
-we "close" for completed or terminated projects
, 10 Knowledge Areas - CORRECT ANSWER-✔✔✅Integration | Scope | Schedule | Resource | Cost |
Stakeholder | Communications | Quality | Risk | Procurement
What are types of enterprise environmental factors? - CORRECT ANSWER-✔✔✅-Facilities, equipment,
and the environment in which the project is conducted (constraints)
Internal EEF:
-Organization culture, structure governance
-Geographical distribution of facilities, resources
-Infrastructure
-IT software
-Resource availability
-Employee capability
External EEF:
- Market condition
-Social and cultural influences
- Legal restrictions
-Government and industry standards
-Physical environment considerations
-Financial considerations
-commercial databases
What are the types of Organizational process assets - CORRECT ANSWER-✔✔✅- Assets within the
organization that can save the project work (e.g., forms, templates, procedures that can be used on the
project)
1) Processes, Policies, and Procedures
2) Corporate Knowledge Base
with correct answers
What are the five process groups - CORRECT ANSWER-✔✔✅1) Initiating
2) Monitoring & Controlling
3) Planning
4) Executing
5) Closing
1)Initiating purpose - CORRECT ANSWER-✔✔✅1. develop and gain approval of a general statement of
the goal and business value of the project
-defines and authorize a project
-officially launched through a project charter, which names the project manager
-objectives and deliverables develop initial scope
-define success criteria and identify project stakeholder
2)Planning Purpose - CORRECT ANSWER-✔✔✅2. identify work to be done and estimate time, cost, and
recourse requirements, and gain approval
(project manager and project teams)
-refine objectives, determine scope, determine actions to attain the objectives
-scope change mgmt project
-communication needs and techniques
-project lifestyle
-detailed budget and schedule approval
3)Executing purpose - CORRECT ANSWER-✔✔✅3. Recruit team and establish team operating rules
,-resources perform the work as schedule
-project manager coordinates people and resources
-ensure scope are met, along with approval changes
3)Processes in Executing - CORRECT ANSWER-✔✔✅-direct and manage project execution
-acquire project team
-perform quality assurance
-distribute information
-conduct procurements
-mgmt stakeholder expectations
4)Monitor and Controlling Purpose - CORRECT ANSWER-✔✔✅4. Respond to change requirements and
resolve problem situations to maintain project progress
-Monitor project through lifecycle
-monitor performance, changes, and risk
-verify scope projects
-controlling is action and problem solving is based upon what we have monitored
5)Closing purpose - CORRECT ANSWER-✔✔✅5. Assure attaining of client requirements and install
deliverables
-Formal acceptance of the project
-close any contracts
-disband or transition the project team
-celebrate
-we "close" for completed or terminated projects
, 10 Knowledge Areas - CORRECT ANSWER-✔✔✅Integration | Scope | Schedule | Resource | Cost |
Stakeholder | Communications | Quality | Risk | Procurement
What are types of enterprise environmental factors? - CORRECT ANSWER-✔✔✅-Facilities, equipment,
and the environment in which the project is conducted (constraints)
Internal EEF:
-Organization culture, structure governance
-Geographical distribution of facilities, resources
-Infrastructure
-IT software
-Resource availability
-Employee capability
External EEF:
- Market condition
-Social and cultural influences
- Legal restrictions
-Government and industry standards
-Physical environment considerations
-Financial considerations
-commercial databases
What are the types of Organizational process assets - CORRECT ANSWER-✔✔✅- Assets within the
organization that can save the project work (e.g., forms, templates, procedures that can be used on the
project)
1) Processes, Policies, and Procedures
2) Corporate Knowledge Base
