Exam (elaborations)
PJM Final Exam Questions and Answers 2024
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Exam of 11 pages for the course Pjm at Pjm (PJM Final Exam)
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PJM Final ExamPortfolio management. - answer You are a manager at Chencho 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. -
answer Which of the following statements best describe a project?
The centralized management of one or more portfolios to achieve strategic objectives. -
answer The term portfolio management refers to:
The product life cycle is contained within the predictive project life cycle. - answerWhich
of the following statements about the project life cycle and the product life cycle is NOT
true?
Project life cycle - answerThe 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. - answerAll of the following are
true about projects and operations, EXCEPT:
What are the communication requirements? - answerAll 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. - answerWhich of the following statements best describe the term
program?
Managing most projects most of the time. - answerThe PMBOK® Guide is the standard
for:
Cost and staffing levels are generally steady throughout the project life cycle. -
answerAll of the following are true about project phases and the project life cycle,
EXCEPT:
, Initiating, Planning, Executing, Monitoring and Controlling, and Closing - answerThe
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. -
answerAll of the following are true about project phases and the project life cycle,
EXCEPT:
Portfolio management. - answerYou 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. - answerAll of the following are
true about projects and operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and lessons
learned. - answerAll 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. - answerAudrey 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. - answerProject success means all of
the following, EXCEPT
A temporary endeavor undertaken to create a unique product, service, or result. -
answerWhich of the following statements best describe a project?
May be overlapping activities that occur throughout the project - answerProject
management professionals agree that project management processes:
The product life cycle is contained within the predictive project life cycle. - answerWhich
of the following statements about the project life cycle and the product life cycle is NOT
true?
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