PMI Exam Questions And Verified Correct Answers |Guaranteed |Success/2024.

Project - correct answer a temporary endeavor undertaken to create a unique product, service, or result. it has a definite beginning and end and are undertaken to fulfill objectives by producing deliverables Deliverable - correct answer any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project Four qualities that characterize projects of all types - correct answer 1) creates a unique product, service, or result 2) is a temporary endeavor 3) drives change 4) enables business value (the benefit that results) creation Factors that cause a project to start - correct answer -meet regulatory, legal, or social requirements -satisfy stakeholder requests or needs -implement or change business or technological strategies -create, improve, or fix products, processes, or services Portfolio - correct answer a group of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives Portfolio Management - correct answer -facilitates the effective governance and management of the work that helps achieve organizational strategies and priorities -aligns portfolios with organizational strategies by selecting the right programs or projects, prioritizing the work, and providing the needed resources -focuses on doing the right programs and projects to align with the business strategy Program - correct answer a group of related projects, subsidiary programs, and/or program activities that accomplish a set of goals Program Management - correct answer -focuses on the interdependencies between projects and the program level to determine the optimal approach for managing them -a program is made up of subsidiary programs and projects -benefits can be obtained by managing them together, rather than individually programs should not be misinterpreted as large projects Project Management - correct answer -the application of knowledge, skills, tools, and techniques to project activities in order to meet the project requirements -accomplished through the appropriate application of the project management processes, as they pertain to that project -effective project management helps organizations meet business objectives, deliver products, resolve problems, and generate other such benefits Operations - correct answer -transform resource or data inputs into desired goods, services, or results, and delivers value to the customers -they are different from projects since they are ongoing and are managed by organizational managers-not project managers Operations Management - correct answer -ongoing production and continued efficency to meet customer demand -concepts and methodologies that pertain to project management may be useful for operational managers Project Life Cycles - correct answer -a series of phases that a project passes through from start to completion; a framework for managing the project -can be predictive or adaptive with phases that may be sequential,iterative, or overlapping Product Life Cycles - correct answer -a series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and retirement -phases in a product life cycle can include one or more project life cycles Project Management Processes - correct answer -a systematic series of activities where inputs are acted upon by tool and techniques to create outputs -an output can be a deliverable or another type of outcome -processes are linked by the outputs they produce and may contain overlapping actives that occur throughout the project -the output of one process generally results in an input to another process or deliverable of the project or phase Process Groups - correct answer -a logical grouping of project management processes to achieve specific project objectives -independent of process phases as well as the application area or industry focus -initiating, planning, executing, monitoring and controlling, closing Knowledge Areas - correct answer -an identified area of project management defined by its knowledge requirements and described in terms of its component processes, practices, inputs, outputs, tools, and techniques -project management processes are categorized by knowledge areas, which are interrelated and interdependent -integration, schedule, quality, communications, procurement, scope, cost, resources, risk, stakeholder Project Phase - correct answer -a collection of logically related project activities that, together, produces one or more deliverables -can be described by a variety of attributes that may be measurable and unique to a specific phase Phase Gate - correct answer -a review at the end of a phase in which a decision is made to continue, modify, or end a phase or project -the project's performance and progress are compared to the project and business documents Work Performance Data - correct answer the raw observations and measurements identified during activities performed to carry out the project work Project Charter - correct answer the document issued by the project sponsor that formally authorized the existence of a project and provides the project manager with the authority to apply organizational resources to project activities Enterprise Environmental Factors (EEFs) - correct answer -originate from the environment outside the project and often outside the enterprise -uncontrollable conditions that influence, constrain, or direct the project -internal or external to the organization -positive or negative influence on the outcome of the project -considered as inputs to project management process especially those around planning Organizational Process Assets (OPAs) - correct answer -internal to the organization, and may arise from the organization itself -the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization -these assets influence the management of the project -include any artifact, practice, or knowledge from any or all of the organizations involved in the project System - correct answer a collection of various components that produce results not obtainable by the individual components alone System Component - correct answer an identifiable element that provides a particular function or group of related functions