PMP Exam Questions and Answers
Three ways to run projects Correct Answer-1. Traditional
2. Agile
3. Hybrid
Project Correct Answer-A temporary endeavor that produces a unique
product, service or result
*Temporary in nature and has a definite beginning and ending
Unique, Temporary, Progress...
PMP Exam Questions and Answers
Three ways to run projects Correct Answer-1. Traditional
2. Agile
3. Hybrid
Project Correct Answer-A temporary endeavor that produces a unique
product, service or result
*Temporary in nature and has a definite beginning and ending
Unique, Temporary, Progressively elaborated
Progressively Elaborated Correct Answer-As time is progressing, things
become more elaborative
One of the elements of a project
You may not know much as you start a project, but as you work, you start to
know more as the project progresses. You get more information from
stakeholders, estimates become more precise, etc.
Project Management Correct Answer-The application of knowledge, skills,
tools and techniques to satisfy project requirements
Ex:
-Preparing a business case to justify the investment
, PMP Exam Questions and Answers
-Estimating resources and times
-Developing and implementing a management plan for the project
-Leading and motivating the project delivery team
-Managing the risks, issues, and changes on the project
-Monitoring progress against plan
-Closing the project in a controlled fashion when appropriate
Operations Management Correct Answer-Deals with the ongoing production
of goods and/or services
Considers the acquisition, development, and utilization of resources that firms
need to deliver the goods and services
*Different from a project in that it is ongoing, not temporary
Ex: something like sales; this is not a project, it is ongoing
Portfolio Management Correct Answer-A portfolio is a collection of projects,
programs, subsidiary portfolios, and operations managed as a group to achieve
strategic objectives.
Used to accomplish the long-term goal of an organization
Phase Correct Answer-A collection of logically related project activities that
culminates in the completion of one or more deliverables.
, PMP Exam Questions and Answers
Number of phases depends on the industry type and size and the complexity of
the project
Deliverable Correct Answer-Any unique and verifiable product, service or
result
May be tangible or intangible
Must be accepted by the customer or sponsor for the phase
Who accepts a deliverable? Correct Answer-A customer or a sponsor for the
phase
When does a phase finish/complete? Correct Answer-When a deliverable is
done, formally accepted by a customer or sponsor for the phase
Program Management Correct Answer--A group of related projects managed
in a coordinate way to obtain benefits and control not available from managing
them individually.
-Focuses on the project interdependencies and helps to determine the optimal
approach for managing them
Project Life Cycle Correct Answer-A representation of the phases that a
project typically goes through from start to finish
Can be either predictive or adaptive
, PMP Exam Questions and Answers
What is a predictive cycle? (life cycle) Correct Answer-Sometimes referred to
as waterfall
Very traditional
Plan-Driven/Predictive/Traditional
Set scope, cost, schedule, etc.
Not much customer interaction
Good for building a building
What is an adaptive cycle? (life cycle) Correct Answer-Changes are always
coming in, people are changing scope, cost, time, product, etc.
Adapt to need for stakeholder
Changes are welcome, sometimes build product in increments
*Iterative, Incremental, Adaptive
Good for building software
Falls into agile
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