PJM Final Exam Questions And Verified
Detailed Answers
Portfolio management. - ANSWER You are a manager at Chenco LTD. Your job
responsibility is to align components-projects, programs, or related operations with
organizational strategy, organized into portfolios or sub-portfolios for optimal
management of project or program objectives, dependencies, costs, timelines, benefits,
resources and risks. This is known as:
A work temporary project set up in order to create something unique in the form of a
product, service or even a result. - ANSWER Which of the following provides the best
description of a project?
The centralized management of one or more portfolios to achieve strategic objectives. -
ANSWER The term portfolio management refers to:
The predictive project life cycle contains the product life cycle. - ANSWER Which of the
following statements about the project life cycle and the product life cycle is NOT true?
Project life cycle - ANSWER The sum 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:
Projects being temporary in nature cannot support the long-term objectives of the
organization. Hence, strategic activities in the organization can be generally addressed
within the organization's normal operations. - ANSWER All of the following are true
about projects and operations, EXCEPT:
What are the communications needs? - ANSWER All 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 that are
managed in a coordinated way. - ANSWER Which of the following statements best
describe the term program?
Managing most projects most of the time. - ANSWER The PMBOK® Guide is the standard
for:
Cost and staffing levels are generally level across the project life cycle. - ANSWER All of
the following are true about project phases and the project life cycle, EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing - ANSWER The
project management institute (PMI) groups project management processes into five
Project Management Process Groups, which are:
Correct!
Cost and staffing levels remain reasonably consistent during the project life cycle. -
ANSWER All of the following are true about project phases and the project life cycle,
EXCEPT:
Portfolio management. - ANSWER You 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 :
Projects, by their very temporary nature, cannot help achieve the long-term goals of an
organization. Hence, strategic activities in the organization can be generally addressed
within the organization's normal operations. - ANSWER All of the following are true
about projects and operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and lessons
learned. - ANSWER All of the following are potential information in organizational
knowledge repositories, EXCEPT
Detailed Answers
Portfolio management. - ANSWER You are a manager at Chenco LTD. Your job
responsibility is to align components-projects, programs, or related operations with
organizational strategy, organized into portfolios or sub-portfolios for optimal
management of project or program objectives, dependencies, costs, timelines, benefits,
resources and risks. This is known as:
A work temporary project set up in order to create something unique in the form of a
product, service or even a result. - ANSWER Which of the following provides the best
description of a project?
The centralized management of one or more portfolios to achieve strategic objectives. -
ANSWER The term portfolio management refers to:
The predictive project life cycle contains the product life cycle. - ANSWER Which of the
following statements about the project life cycle and the product life cycle is NOT true?
Project life cycle - ANSWER The sum 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:
Projects being temporary in nature cannot support the long-term objectives of the
organization. Hence, strategic activities in the organization can be generally addressed
within the organization's normal operations. - ANSWER All of the following are true
about projects and operations, EXCEPT:
What are the communications needs? - ANSWER All 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 that are
managed in a coordinated way. - ANSWER Which of the following statements best
describe the term program?
Managing most projects most of the time. - ANSWER The PMBOK® Guide is the standard
for:
Cost and staffing levels are generally level across the project life cycle. - ANSWER All of
the following are true about project phases and the project life cycle, EXCEPT:
Initiating, Planning, Executing, Monitoring and Controlling, and Closing - ANSWER The
project management institute (PMI) groups project management processes into five
Project Management Process Groups, which are:
Correct!
Cost and staffing levels remain reasonably consistent during the project life cycle. -
ANSWER All of the following are true about project phases and the project life cycle,
EXCEPT:
Portfolio management. - ANSWER You 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 :
Projects, by their very temporary nature, cannot help achieve the long-term goals of an
organization. Hence, strategic activities in the organization can be generally addressed
within the organization's normal operations. - ANSWER All of the following are true
about projects and operations, EXCEPT:
Tacit knowledge of previous projects such as project performance data and lessons
learned. - ANSWER All of the following are potential information in organizational
knowledge repositories, EXCEPT
