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Project Management questions and answers certified 2024
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Project Management questions and answers certified 2024
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Project Management- C722portfolio - correct answer ✔a group of related programs that support a long-
term company goal or objective Pg 13
program - correct answer ✔a group of related projects Pg 13
project - correct answer ✔an activity or group of activities to generate a new,
unique product, service, or results to support that program Pg 13
charter - correct answer ✔a document that, like a contract, is agreed upon by
the sponsor and key stakeholders. It defines the project and authorizes the
resources, roles, responsibilities, authorities, and scope for the project Pg 13
Specific, measurable, attainable, relevant, timely - correct answer ✔Criteria
of specific objectives that are unique to a project are referred to as SMART
which stands for what Pg 15
triple constraint - correct answer ✔cost (budget), schedule (time), and scope
(deliverables) Pg 17
stakeholder analysis - correct answer ✔analysis to define the relevant
stakeholders, their interests, and their communication needs Pg 19
Change Control Board (CCB) - correct answer ✔a group of people who track
changes in a project and can be used as a governance tool Pg 19
,Work Breakdown Structures (WBS) - correct answer ✔a key tool so that
people understand what is expected of them and how they will be held
accountable Pg 21
Project Management Institute (PMI) - correct answer ✔Founded in 1969, it's
headquartered in Newton, PA, and has member chapters on every continent
(except Antarctica). Publishes foundational and practice standards and is the
largest in the world. Pg 22
Association for Project Management (APM) - correct answer ✔A UK-based
charter organization that is the largest professional body of its kind in Europe.
Formed in 1972, it's membership is primarily limited to the United Kingdom.
Pg 22
International Project Management Association (IPMA) - correct answer ✔the
world's first project management association, founded in 1965. The leading
authority on competent project, programme, and portfolio management
(PPPM) Pg 22
AXELOS, Ltd - correct answer ✔a joint venture between the government of
the United Kingdom and Captia PLC. It was formed to manage and grow a
number of standards and associated certifications developed by the Cabinet
office, including ITIL (Information Technology Infrastructure Library),
PRINCE2, and Managing Successful Programs (MSP). Pg 22
Functional (Departmentalized) Organization pros/cons - correct answer
✔Pros: Lines of authority are clear; work is easily prioritized by identified
departmental authority
Cons: Utilizing resources across functions can be difficult; project is not
managed holistically
, Projectized Organization pros and cons - correct answer ✔Pros: Clear lines
of authority; project is managed holistically; gain historical data from prior
projects.
Cons: Approach is expensive because of the duplication of personnel; SME
assigned may not have the most appropriate knowledge or expertise for the
project
Matrix Organization pros and cons - correct answer ✔Pros: Central focus is
the project; issues are responded to quickly.
Cons: Requires cooperation and coordination between and among functional
departments and project managers; resource balancing between projects can
lead to friction.
project management office (PMO) - correct answer ✔A process for
determining if the level of documentation and best practices followed in project
execution. Pg 26
Project Management Maturity Level - correct answer ✔Determined by the
comprehensiveness of written procedures to accomplish tasks in each of the
process areas identified by PMI. Pg 26
alignment - correct answer ✔Term used to describe connecting project
outcomes to company goals. Pg 30
Realistic - correct answer ✔Model is appropriate to the level of resources
available, the operating environment, and capabilities of the company. Pg 31
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