Questions and Answers | Professional
Prep | Grade A+
• Triple constraint . CORRECT ANSWER: time, cost, scope
• Red light issues . CORRECT ANSWER: things that will immediately impact the
success of the project
• yellow light issues . CORRECT ANSWER: things that may be impending issues
arising for the future of the project, plus recommendations for how to avoid these
issues from becoming problems
• program review . CORRECT ANSWER: (monthly) multi project review for
sponser and other senior managers; milestones
• 8 and 80 rule . CORRECT ANSWER: avoid controlling tasks of less than 8
hours; don't let more than 80 hours (or two weeks) go by without checking in.
• best communication for widely dispersed virtual team . CORRECT ANSWER:
shared threaded discussion
• basic communication tenets . CORRECT ANSWER: establish expectations,
address conflict immediately, stay focused on goals, remember dealing with
individuals, conflict is oppurtunity
• PMBOK . CORRECT ANSWER: project managers book of knowledge
, • PRINCE2 . CORRECT ANSWER: PRojects IN a Controlled Environment v2
• PMI . CORRECT ANSWER: Project Management Institute
• APM . CORRECT ANSWER: Association for Project Management
• IPMA . CORRECT ANSWER: International Project Management Association
• AXELOS, Ltd . CORRECT ANSWER: joint venture for UK and Captia PLC
• Functional (Departmentalized) . CORRECT ANSWER: oldest and most basic
form of organization; lines of authority are clear; organization does not focus on
solving project business issues; PM has little influence; not managed holistically
• Projectized . CORRECT ANSWER: Subject matter experts from different
functional areas are assigned to directly report to the project manager; PM has full
authority; cross functional collaboration; timely decision making; PM has high
influence; clear lines of authority; duplication of personnel; SME assigned may not
have most appropriate knowledge or expertise
• Matrix . CORRECT ANSWER: has less clearly defined lines of reporting;
administrative personnel are not duplicated; central focus is project; issues are
responded to quickly; requires cooperation between functional and project
managers
• level 1 Ad Hoc . CORRECT ANSWER: no formal standards
• level 2 planned . CORRECT ANSWER: basic documentation exists