Project Management- C722 Questions
with Correct Answers
portfolio - ANSWERSa group of related programs that support a long-term company
goal or objective Pg 13
program - ANSWERSa group of related projects Pg 13
project - ANSWERSan activity or group of activities to generate a new, unique product,
service, or results to support that program Pg 13
charter - ANSWERSa 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 - ANSWERSCriteria of specific
objectives that are unique to a project are referred to as SMART which stands for what
Pg 15
triple constraint - ANSWERScost (budget), schedule (time), and scope (deliverables) Pg
17
stakeholder analysis - ANSWERSanalysis to define the relevant stakeholders, their
interests, and their communication needs Pg 19
Change Control Board (CCB) - ANSWERSa group of people who track changes in a
project and can be used as a governance tool Pg 19
Work Breakdown Structures (WBS) - ANSWERSa key tool so that people understand
what is expected of them and how they will be held accountable Pg 21
Project Management Institute (PMI) - ANSWERSFounded 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) - ANSWERSA 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) - ANSWERSthe world's first
project management association, founded in 1965. The leading authority on competent
project, programme, and portfolio management (PPPM) Pg 22
, AXELOS, Ltd - ANSWERSa 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 - ANSWERSPros: 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 - ANSWERSPros: 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 - ANSWERSPros: 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) - ANSWERSA process for determining if the level of
documentation and best practices followed in project execution. Pg 26
Project Management Maturity Level - ANSWERSDetermined by the
comprehensiveness of written procedures to accomplish tasks in each of the process
areas identified by PMI. Pg 26
alignment - ANSWERSTerm used to describe connecting project outcomes to company
goals. Pg 30
Realistic - ANSWERSModel is appropriate to the level of resources available, the
operating environment, and capabilities of the company. Pg 31
Capable - ANSWERSThe model is able to apply the pertinent factors of the evaluation,
including time, risk, cost, and internal and external environment. Pg 31
Flexible - ANSWERSModel should provide accurate measures across a reasonable
range of changing conditions. Pg 31
Easy to use - ANSWERSThe model is not difficult to learn and understand in a relatively
short time; provides results readily understandable to the user.. Pg 31
with Correct Answers
portfolio - ANSWERSa group of related programs that support a long-term company
goal or objective Pg 13
program - ANSWERSa group of related projects Pg 13
project - ANSWERSan activity or group of activities to generate a new, unique product,
service, or results to support that program Pg 13
charter - ANSWERSa 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 - ANSWERSCriteria of specific
objectives that are unique to a project are referred to as SMART which stands for what
Pg 15
triple constraint - ANSWERScost (budget), schedule (time), and scope (deliverables) Pg
17
stakeholder analysis - ANSWERSanalysis to define the relevant stakeholders, their
interests, and their communication needs Pg 19
Change Control Board (CCB) - ANSWERSa group of people who track changes in a
project and can be used as a governance tool Pg 19
Work Breakdown Structures (WBS) - ANSWERSa key tool so that people understand
what is expected of them and how they will be held accountable Pg 21
Project Management Institute (PMI) - ANSWERSFounded 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) - ANSWERSA 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) - ANSWERSthe world's first
project management association, founded in 1965. The leading authority on competent
project, programme, and portfolio management (PPPM) Pg 22
, AXELOS, Ltd - ANSWERSa 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 - ANSWERSPros: 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 - ANSWERSPros: 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 - ANSWERSPros: 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) - ANSWERSA process for determining if the level of
documentation and best practices followed in project execution. Pg 26
Project Management Maturity Level - ANSWERSDetermined by the
comprehensiveness of written procedures to accomplish tasks in each of the process
areas identified by PMI. Pg 26
alignment - ANSWERSTerm used to describe connecting project outcomes to company
goals. Pg 30
Realistic - ANSWERSModel is appropriate to the level of resources available, the
operating environment, and capabilities of the company. Pg 31
Capable - ANSWERSThe model is able to apply the pertinent factors of the evaluation,
including time, risk, cost, and internal and external environment. Pg 31
Flexible - ANSWERSModel should provide accurate measures across a reasonable
range of changing conditions. Pg 31
Easy to use - ANSWERSThe model is not difficult to learn and understand in a relatively
short time; provides results readily understandable to the user.. Pg 31
