Questions with Correct Answers
WhatMisMaMprojectM-MAnswerMAMtemporaryMeffortMwithMaMstartMandMendMdate
ProjectMexamplesM-MAnswerMBuildingMaMbridge,MbuildingMaMnewMsoftware
WhatMisMaMprogramM-
MAnswerMAMgroupMofMprojectsMthatMworksMtowardsMaMcommonMobjective
ExplainMtheMrelationshipMbetweenMtheMmultipleMprojectsM-
MAnswerMTheyMareMinterdependent
WhatMareMprogramMexamplesM-
MAnswerMGovernmentMinfrastructureMprogram,McompanyMemployeeMtrainingMprogram
WhatMisMaMportfolioM-
MAnswerMCollectionMofMprojects,Mprograms,MandMoperationsMthatMalignMwithMstrategicM
objectives
WhatMisMaMportfolioMusedMtoMmanageM-
MAnswerMManageMandMprioritizeMprojectsMandMprograms
WhatMareMexamplesMofMaMportfolioM-
MAnswerMCompanyMproductMportfolio,MgovernmentMagencyMportfolio
ExplainMtheMscopeMbetweenMaMproject,Mprogram,MandMportfolioM-MAnswerMProject-
limitedMscope
Program-largerMscope
Portfolio:MbroadMscope
WhatMisMtheMadvantageMofMaMprojectM-
MAnswerMAgile,MresponseMtoMchange,MfocusedMonMspecificMgoals
, WhatMisMtheMadvantageMofMaMprogramM-
MAnswerMEfficient,McostMeffective,McoordinationMofMmultipleMprojects
WhatMisMtheMadvantageMofMaMportfolioM-
MAnswerMstrategic,MalignmentMwithMlongMtermMgoals
WhatMisMtheMdisadvantageMofMaMprojectM-MAnswerMRisky,MpotentialMforMfailure
WhatMisMtheMdisadvantageMofMaMprogramM-
MAnswerMComplex,McoordinationMchallenges,MlongerMtimeline
WhatMisMtheMdisadvantageMofMaMportfolioM-
MAnswerMDifficultyMinMmanagingMandMaligningMwithMchangingMpriorities
WhatMareMoperationsM-
MAnswerMOngoingMworkMofManMorganizationMthatMproducesMgoodsMorMservices
WhatMareMexamplesMofMoperationsM-MAnswerMAccounting,MITMsales
ExplainMtheMfinancialMdifferenceMbetweenMaMprojectMandMoperationsM-
MAnswerMProject:MDefinedMbudget
Operations:MHaveMongoingMcosts
ProjectMmanagerMvs.MOperationsMManagerM-
MAnswerMProjectMmanagersMmanageMprojects,MoperationsMmanagersMoverseeMoperations
WhatMcanMyouMassumeMwithMaMpredictiveMprojectM-
MAnswerMAssumptionMthatMtheMfutureMcanMbeMbasedMonMtheMbasedMtrendsMandMdat
a
WhatMdoesMaMpredictiveMprojectMinvolveM-MAnswerMLong-
termMplanning,MdetailedMplansMandMbudgets
WhatMdoesMaMpredictiveMprojectMallowMfor?M-
MAnswerMAllowsMforMmoreMaccurateMforecastingMandMplanning