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PMBOK Chapter 1 With Complete Solutions 100% Correct
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PMBOK Chapter 1 With Complete Solutions 100% Correctproject - ANSWER a temporary endeavour undertaken to create a unique product,
service or result
what a project can create - ANSWER 1. a component or another item, an enhancement
of an item, or an end item
2. a service or capably to perform a service
3. an improvement in the existing product or service lines
4. a result such as an outcome or document
Portfolio's Relationship among Portfolios, Programs and Projects - ANSWER Collection
of projects, programs, sub-portfolios, and operations manages as a group to achieve
strategic objectives
Program's Relationship among Portfolios, Programs and Projects - ANSWER Grouped
within a portfolio and are comprised of subprograms, projects or other work that are
managed in a coordinated fashion in support of the portfolio.
Although the projects or programs within the portfolio may not necessarily be
interdependent, they do relate with the organization's strategic plan through the
organization's portfolio.
Individual project relationship among portfolios, programs and projects - ANSWER Are
either in or out of a program falls under a portfolio.
Although the projects or programs within the portfolio may not necessarily be
interdependent, they are linked to the organization's strategic plan by means of the
organization's portfolio.
project management - ANSWER The application of the knowledge skills, tools and
techniques to project activities to meet the project requirements.
47 project management processes
Initiating
, Planning
Executing
Monitoring and Controlling
Closing
I Plan Every Moment of Christmas Cheer (IPEMCC) - ANSWER The five Process Groups
project constraints - ANSWER Budget, Quality, Resources, Risks, Schedule, and Scope,
Organizational Project Management (OPM) - ANSWER strategy, execution framework
utilizing project, program, and portfolio management as well as organizational enabling
practices to consistently and predictably deliver organizational strategy producing
better performance, better results and a sustainable competitive edge
Program The Answer: A group of related projects, subprograms, and program activities
that are managed in a coordinated way to obtain benefits and control not available from
managing them individually.
A project may or may not be part of a program but a program will always have projects.
These projects are related through the common outcome of collective capability.
program management - ANSWER Application of knowledge, skills, tools and techniques
to a program in order to meet the program requirements and to obtain benefits and
control not available by managing projects individually.
program management focus - ANSWER On project interdependencies and helps to
determine the optimal approach for managing them
portfolio - ANSWER The projects, programs, subportfolios, and operations managed as
a group to achieve strategic objectives. Projects or programs may not be
interdependent
portfolio management - ANSWER The centralized management of one or more portfolios
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