PJM 5900 Exam with all Correct & 100% Verified Answers
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tailoring ✔Correct Answer-necessary bc each project is unique; not every process, tool,
technique, input, or output identified is required on every project.
- this should address the competing constraints of scope, schedule, cost, resources, quality, risk
Project business case ✔Correct Answer-Created and maintained by the project sponsor and
shows the financial validity of why a project is chartered and launched within the organization.
Typically, this is created before the launch of the project and may be used as a go/no-go
decision point.
Project benefits management plan ✔Correct Answer-A documented created and maintained
by the project sponsor and the project manager. It defines what benefits the project will create,
when the benefits will be realized, and how the benefits will be measured.
Project Charter ✔Correct Answer-A document issued by the project initiator or sponsor that
formally authorizes the existence of a project and provides the project manager with the
authority to apply organizational resources to project activities.
Business Value ✔Correct Answer-A concept that is unique to each organization and includes
tangible and intangible elements. Through the effective use of project, program, and portfolio
management disciplines, organizations will possess the ability to employ reliable, established
processes to meet enterprise objectives and obtain greater business value from their
investments.
tangible element ✔Correct Answer-monetary assets, stockholder equity, utility, fixtures, tools
and market share
intangible element ✔Correct Answer-goodwill, brand recognition, public benefit, trademarks,
strategic alignment, and reputation
project management ✔Correct Answer-application of knowledge, skills, tools, and techniques
to project activities to meet project requirements
Program ✔Correct Answer-A group of related projects, subprograms, and program activities
managed in a coordinated way to obtain benefits not available from managing them
individually.
Portfolio ✔Correct Answer-projects, programs, subsidiary portfolios, and operations managed
as a group to achieve strategic objectives
|Latest Version |Already Graded A+
tailoring ✔Correct Answer-necessary bc each project is unique; not every process, tool,
technique, input, or output identified is required on every project.
- this should address the competing constraints of scope, schedule, cost, resources, quality, risk
Project business case ✔Correct Answer-Created and maintained by the project sponsor and
shows the financial validity of why a project is chartered and launched within the organization.
Typically, this is created before the launch of the project and may be used as a go/no-go
decision point.
Project benefits management plan ✔Correct Answer-A documented created and maintained
by the project sponsor and the project manager. It defines what benefits the project will create,
when the benefits will be realized, and how the benefits will be measured.
Project Charter ✔Correct Answer-A document issued by the project initiator or sponsor that
formally authorizes the existence of a project and provides the project manager with the
authority to apply organizational resources to project activities.
Business Value ✔Correct Answer-A concept that is unique to each organization and includes
tangible and intangible elements. Through the effective use of project, program, and portfolio
management disciplines, organizations will possess the ability to employ reliable, established
processes to meet enterprise objectives and obtain greater business value from their
investments.
tangible element ✔Correct Answer-monetary assets, stockholder equity, utility, fixtures, tools
and market share
intangible element ✔Correct Answer-goodwill, brand recognition, public benefit, trademarks,
strategic alignment, and reputation
project management ✔Correct Answer-application of knowledge, skills, tools, and techniques
to project activities to meet project requirements
Program ✔Correct Answer-A group of related projects, subprograms, and program activities
managed in a coordinated way to obtain benefits not available from managing them
individually.
Portfolio ✔Correct Answer-projects, programs, subsidiary portfolios, and operations managed
as a group to achieve strategic objectives
