Exam (elaborations)
Project Management C783 Full Set Questions And Answers
- Course
- Institution
Project Management C783 Full Set Questions And Answers
[Show more]
Content preview
Project Management C783 Full SetQuestions And Answers
A Guide to the Project Management Body of Knowledge (PMBOK Guide) - answer-The PMI
b b b b b b b b b b b b b
b publication that defines widely accepted project management practices. The CAPM and the
b b b b b b b b b b b
b PMP exam are based on this book.
b b b b b b
Application areas - answer-The areas of expertise, industry, or function where a project is
b b b b b b b b b b b b b
b centered. Examples of application areas include architecture, IT, health care, and
b b b b b b b b b b
b manufacturing.
Business value - answer-A quantifiable return on investment. The return can be tangible,
b b b b b b b b b b b b
b such as equipment, money, or market share. The return can also be intangible, such as
b b b b b b b b b b b b b b
b brand recognition, trademarks, and reputation.
b b b b
Certified Associate in Project Management (CAPM) - answer-A person who has slightly less
b b b b b b b b b b b b
b project management experience than a PMP, but who has qualified for and then passed the
b b b b b b b b b b b b b b
b CAPM examination.
b
Cultural and social environment - answer-Defines how a project affects people and how
b b b b b b b b b b b b
b those people may affect the project. Cultural and social environments include the economic,
b b b b b b b b b b b b
,b educational, ethical, religious, demographic, and ethnic composition of the people affected
b b b b b b b b b b
b by the project.
b b
Deliverable - answer-A product, service, or result created by a project. Projects can have
b b b b b b b b b b b b b
b multiple deliverables. b
General management skills - answer-These include the application of accounting,
b b b b b b b b b
b procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning,
b b b b b b b b
b human resource management, standards and regulations, and information technology.
b b b b b b b b
International and political environment - answer-The consideration of the local and
b b b b b b b b b b
b international laws, languages, communication challenges, time zone differences, and other
b b b b b b b b b
b non-collocated issues that affect a project's ability to progress.
b b b b b b b b
Interpersonal skills - answer-The ability to interact, lead, motivate, and manage people
b b b b b b b b b b b
Iron Triangle of Project Management - answer-A triangle with the characteristics of time,
b b b b b b b b b b b b
b cost, and scope. Time, cost, and scope each constitute one side of the triangle; if any side of
b b b b b b b b b b b b b b b b b
b the Iron Triangle is not in balance with the other sides, the project will suffer. The Iron
b b b b b b b b b b b b b b b b
b Triangle of Project Management is also known as the Triple Constraints of Project
b b b b b b b b b b b b
b Management, as all projects are constrained by time, cost, and scope.
b b b b b b b b b b
,Physical environment - answer-The physical structure and surroundings that affect a
b b b b b b b b b b
b project's work b
Process groups - answer-A collection of related processes in project management. There are
b b b b b b b b b b b b
b five process groups and 49 project management processes. The five process groups are
b b b b b b b b b b b b
b Initiating, Planning, Executing, Monitoring and Controlling, and Closing
b b b b b b b
Program - answer-A collection of related projects working in unison toward a common
b b b b b b b b b b b b
b deliverable.
Progressive elaboration - answer-The process of gathering project details. This process uses
b b b b b b b b b b b
b deductive reasoning, logic, and a series of information-gathering techniques to identify
b b b b b b b b b b
b details about a project, product, or solution
b b b b b b
Project - answer-A temporary endeavor to create a unique product, service, or result. The
b b b b b b b b b b b b b
b end result of a project is also called a deliverable
b b b b b b b b b
Project benefits management plan - answer-A documented created and maintained by the
b b b b b b b b b b b
b project sponsor and the project manager. The project benefits management plan defines
b b b b b b b b b b b
b what benefits the project will create, when the benefits will be realized, and how the
b b b b b b b b b b b b b b
b benefits will be measured.
b b b
, Project business case - answer-Created and maintained by the project sponsor and shows
b b b b b b b b b b b b
b the financial validity of why a project is chartered and launched within the organization.
b b b b b b b b b b b b b
b Typically, the project business case is created before the launch of the project and may be
b b b b b b b b b b b b b b b
b used as a go/no-go decision point.
b b b b b
Project environment - answer-The location and culture of the environment where the
b b b b b b b b b b b
b project work will reside. The project environment includes the social, economic, and
b b b b b b b b b b b
b environmental variables the project must work with or around. b b b b b b b b
Project Management Institute (PMI) - answer-An organization of project management
b b b b b b b b b
b professionals from around the world, supporting and promoting the careers, values, and
b b b b b b b b b b b
b concerns of project managers b b b
Project life cycle - answer-The phases that make up the project. Project life cycles are unique
b b b b b b b b b b b b b b b
b to the type of work being performed and are not universal to all projects.
b b b b b b b b b b b b b
Project management office (PMO) - answer-A central office that oversees all projects within
b b b b b b b b b b b b
b an organization or within a functional department. A PMO supports the project manager
b b b b b b b b b b b b
b through software, training, templates, policies, communication, dispute resolution, and
b b b b b b b b
b other services. b
Project Management Professional (PMP) - answer-A person who has proven project
b b b b b b b b b b
b management experience and has qualified for and then passed the PMP examination.
b b b b b b b b b b b
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79650 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now