PJM Final Exam Question and answers
verified to pass 2025/2026
Portfolio management. - correct answer ✔You are a manager at Chenco
LTD. Your job responsibility is to align components (projects, programs, or
related operations) to the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives, dependencies,
costs, timelines, benefits, resources, and risks. This is known as:
A temporary endeavor undertaken to create a unique product, service, or
result. - correct answer ✔Which of the following statements best describe a
project?
The centralized management of one or more portfolios to achieve strategic
objectives. - correct answer ✔The term portfolio management refers to:
The product life cycle is contained within the predictive project life cycle. -
correct answer ✔Which of the following statements about the project life
cycle and the product life cycle is NOT true?
Project life cycle - correct answer ✔The collection of generally sequential
and sometimes overlapping project phases, whose name and number are
determined by the management and control needs of the organization or
organizations involved in the project, is known as the:
Because of their temporary nature, projects cannot help achieve an
organization's long-term goals. Therefore, strategic activities in the
organization can be generally addressed within the organization's normal
operations. - correct answer ✔All of the following are true about projects and
operations, EXCEPT:
,What are the communication requirements? - correct answer ✔All of the
following are questions that the key stakeholders and project managers
should answer to develop the project success measures, EXCEPT:
A group of related projects, subsidiary programs, and program activities
managed in a coordinated manner. - correct answer ✔Which of the following
statements best describe the term program?
Managing most projects most of the time. - correct answer ✔The PMBOK®
Guide is the standard for:
Cost and staffing levels are generally steady throughout the project life cycle. -
correct answer ✔All of the following are true about project phases and the
project life cycle, EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing -
correct answer ✔The project management institute (PMI) groups project
management processes into five Project Management Process Groups, which
are:
Correct!
Cost and staffing levels are generally steady throughout the project life cycle. -
correct answer ✔All of the following are true about project phases and the
project life cycle, EXCEPT:
Portfolio management. - correct answer ✔You are a manager at Chenco
LTD. Your job responsibility is to align components (projects, programs, or
related operations) to the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives, dependencies,
costs, timelines, benefits, resources, and risks. This is known as:
, Because of their temporary nature, projects cannot help achieve an
organization's long-term goals. Therefore, strategic activities in the
organization can be generally addressed within the organization's normal
operations. - correct answer ✔All of the following are true about projects and
operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and
lessons learned. - correct answer ✔All of the following are potential
information in organizational knowledge repositories, EXCEPT
In project management, it is important to consider the difference between
outcome and output. - correct answer ✔Audrey is a project manager at
Chenco LTD. Because of her experience and education, she is often invited
by senior managers to examine how certain projects can create value for the
organization. Which of the following statements is true when examining the
value of a project?
Appling knowledge, skills, and processes within the Project Management
Process Groups uniformly to meet the project objectives. - correct answer
✔Project success means all of the following, EXCEPT
A temporary endeavor undertaken to create a unique product, service, or
result. - correct answer ✔Which of the following statements best describe a
project?
May be overlapping activities that occur throughout the project - correct
answer ✔Project management professionals agree that project management
processes:
The product life cycle is contained within the predictive project life cycle. -
correct answer ✔Which of the following statements about the project life
cycle and the product life cycle is NOT true?
verified to pass 2025/2026
Portfolio management. - correct answer ✔You are a manager at Chenco
LTD. Your job responsibility is to align components (projects, programs, or
related operations) to the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives, dependencies,
costs, timelines, benefits, resources, and risks. This is known as:
A temporary endeavor undertaken to create a unique product, service, or
result. - correct answer ✔Which of the following statements best describe a
project?
The centralized management of one or more portfolios to achieve strategic
objectives. - correct answer ✔The term portfolio management refers to:
The product life cycle is contained within the predictive project life cycle. -
correct answer ✔Which of the following statements about the project life
cycle and the product life cycle is NOT true?
Project life cycle - correct answer ✔The collection of generally sequential
and sometimes overlapping project phases, whose name and number are
determined by the management and control needs of the organization or
organizations involved in the project, is known as the:
Because of their temporary nature, projects cannot help achieve an
organization's long-term goals. Therefore, strategic activities in the
organization can be generally addressed within the organization's normal
operations. - correct answer ✔All of the following are true about projects and
operations, EXCEPT:
,What are the communication requirements? - correct answer ✔All of the
following are questions that the key stakeholders and project managers
should answer to develop the project success measures, EXCEPT:
A group of related projects, subsidiary programs, and program activities
managed in a coordinated manner. - correct answer ✔Which of the following
statements best describe the term program?
Managing most projects most of the time. - correct answer ✔The PMBOK®
Guide is the standard for:
Cost and staffing levels are generally steady throughout the project life cycle. -
correct answer ✔All of the following are true about project phases and the
project life cycle, EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing -
correct answer ✔The project management institute (PMI) groups project
management processes into five Project Management Process Groups, which
are:
Correct!
Cost and staffing levels are generally steady throughout the project life cycle. -
correct answer ✔All of the following are true about project phases and the
project life cycle, EXCEPT:
Portfolio management. - correct answer ✔You are a manager at Chenco
LTD. Your job responsibility is to align components (projects, programs, or
related operations) to the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives, dependencies,
costs, timelines, benefits, resources, and risks. This is known as:
, Because of their temporary nature, projects cannot help achieve an
organization's long-term goals. Therefore, strategic activities in the
organization can be generally addressed within the organization's normal
operations. - correct answer ✔All of the following are true about projects and
operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and
lessons learned. - correct answer ✔All of the following are potential
information in organizational knowledge repositories, EXCEPT
In project management, it is important to consider the difference between
outcome and output. - correct answer ✔Audrey is a project manager at
Chenco LTD. Because of her experience and education, she is often invited
by senior managers to examine how certain projects can create value for the
organization. Which of the following statements is true when examining the
value of a project?
Appling knowledge, skills, and processes within the Project Management
Process Groups uniformly to meet the project objectives. - correct answer
✔Project success means all of the following, EXCEPT
A temporary endeavor undertaken to create a unique product, service, or
result. - correct answer ✔Which of the following statements best describe a
project?
May be overlapping activities that occur throughout the project - correct
answer ✔Project management professionals agree that project management
processes:
The product life cycle is contained within the predictive project life cycle. -
correct answer ✔Which of the following statements about the project life
cycle and the product life cycle is NOT true?
