1. Introduction - PMBOK Guide 6th
Edition. Study guide Questions with
answers. 100% comprehensive.
2022/2023
PMI Code of Ethics - ✔✔The values that the global project management community defined as most
important were responsibility, respect, fairness, and honesty.
Project - ✔✔A temporary endeavor undertaken to create a unique product, service, or result.
___ are undertaken to fulfill objectives by producing deliverables. - ✔✔Projects
Project objective - ✔✔Project ___ is defined as an outcome toward which work is to be directed, a
strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be
produced, or a service to be performed.
Project deliverable - ✔✔Project ___ is defined as any unique and verifiable product, result, or capability
to perform a service that is required to be produced to complete a process, phase, or project. They may
be tangible or intangible.
Fulfillment of project objectives may produce one or more of the following deliverables: - ✔✔1. A
unique product that can be either a component of another item, an enhancement or correction to an
item, or a new end item in itself (e.g., the correction of a defect in an end item);
2. A unique service or a capability to perform a service (e.g., a business function that supports
production or distribution);
3. A unique result, such as an outcome or document (e.g., a research project that develops knowledge
that can be used to determine whether a trend exists or a new process will benefit society); and
4. A unique combination of one or more products, services, or results (e.g., a software application, its
associated documentation, and help desk services).
,Temporary endeavor - ✔✔The temporary nature of projects indicates that a project has a definite
beginning and end. Temporary does not necessarily mean a project has a short duration.
End of a project - ✔✔The ___ is reached when one or more of the following is true:
• The project's objectives have been achieved;
• The objectives will not or cannot be met;
• Funding is exhausted or no longer available for allocation to the project;
• The need for the project no longer exists (e.g., the customer no longer wants the project completed, a
change in strategy or priority ends the project, the organizational management provides direction to
end the project);
• The human or physical resources are no longer available; or
• The project is terminated for legal cause or convenience.
Projects are ___, but their ___ may exist beyond the end of the project. Projects may produce
deliverables of a social, economic, material, or environmental nature. For example, a project to build a
national monument will create a deliverable expected to last for centuries. - ✔✔temporary; deliverables
Projects drive ___ in organizations. - ✔✔change
From a business perspective, a project is aimed at moving an organization from ____. - ✔✔one state to
another state in order to achieve a specific objective
Before the project begins, the organization is commonly referred to as being in the __ state. The desired
result of the change driven by the project is described as the __ state. - ✔✔current; future
The successful completion of a project results in the organization moving to the ___ state and achieving
the specific ___. - ✔✔future; objective
Projects enable ___ creation. - ✔✔business value
, PMI defines business value as ___. - ✔✔the net quantifiable benefit derived from a business endeavor
Business value in projects refers to the benefit that the results of a specific project provide to its ___.
The benefit may be tangible, intangible, or both. - ✔✔stakeholders
Examples of tangible elements include: - ✔✔Monetary assets, stockholder equity, utility, fixtures, tools,
and market share.
Example of intangible elements include: - ✔✔Goodwill, brand recognition, public benefit, trademarks,
strategic alignment, and reputation.
Organizational leaders initiate projects in response to factors acting upon their organizations. There are
four fundamental categories for these factors, which illustrate the context of a project. These factors
influence an organization's ongoing operations and business strategies. Leaders respond to these factors
in order to keep the organization viable. Projects provide the means to successfully make the changes
necessary to deal with these factors. The factors ultimately should link to strategic objectives of the
organization and the business value of each project. - ✔✔Meet regulatory, legal, or social requirements;
Satisfy stakeholder requests or needs;
Implement or change business or technological strategies; and
Create, improve, or fix products, processes, or services.
___ is the application of knowledge, skills, tools, and techniques to project activities to meet the project
requirements. ___ is accomplished through the appropriate application and integration of the project
management processes identified for the project. ___ enables organizations to execute projects
effectively and efficiently. - ✔✔Project management
Effective project management helps individuals, groups, and public and private organizations to: - ✔✔•
Meet business objectives;
• Satisfy stakeholder expectations;
• Be more predictable;
• Increase chances of success;
• Deliver the right products at the right time;
Edition. Study guide Questions with
answers. 100% comprehensive.
2022/2023
PMI Code of Ethics - ✔✔The values that the global project management community defined as most
important were responsibility, respect, fairness, and honesty.
Project - ✔✔A temporary endeavor undertaken to create a unique product, service, or result.
___ are undertaken to fulfill objectives by producing deliverables. - ✔✔Projects
Project objective - ✔✔Project ___ is defined as an outcome toward which work is to be directed, a
strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be
produced, or a service to be performed.
Project deliverable - ✔✔Project ___ is defined as any unique and verifiable product, result, or capability
to perform a service that is required to be produced to complete a process, phase, or project. They may
be tangible or intangible.
Fulfillment of project objectives may produce one or more of the following deliverables: - ✔✔1. A
unique product that can be either a component of another item, an enhancement or correction to an
item, or a new end item in itself (e.g., the correction of a defect in an end item);
2. A unique service or a capability to perform a service (e.g., a business function that supports
production or distribution);
3. A unique result, such as an outcome or document (e.g., a research project that develops knowledge
that can be used to determine whether a trend exists or a new process will benefit society); and
4. A unique combination of one or more products, services, or results (e.g., a software application, its
associated documentation, and help desk services).
,Temporary endeavor - ✔✔The temporary nature of projects indicates that a project has a definite
beginning and end. Temporary does not necessarily mean a project has a short duration.
End of a project - ✔✔The ___ is reached when one or more of the following is true:
• The project's objectives have been achieved;
• The objectives will not or cannot be met;
• Funding is exhausted or no longer available for allocation to the project;
• The need for the project no longer exists (e.g., the customer no longer wants the project completed, a
change in strategy or priority ends the project, the organizational management provides direction to
end the project);
• The human or physical resources are no longer available; or
• The project is terminated for legal cause or convenience.
Projects are ___, but their ___ may exist beyond the end of the project. Projects may produce
deliverables of a social, economic, material, or environmental nature. For example, a project to build a
national monument will create a deliverable expected to last for centuries. - ✔✔temporary; deliverables
Projects drive ___ in organizations. - ✔✔change
From a business perspective, a project is aimed at moving an organization from ____. - ✔✔one state to
another state in order to achieve a specific objective
Before the project begins, the organization is commonly referred to as being in the __ state. The desired
result of the change driven by the project is described as the __ state. - ✔✔current; future
The successful completion of a project results in the organization moving to the ___ state and achieving
the specific ___. - ✔✔future; objective
Projects enable ___ creation. - ✔✔business value
, PMI defines business value as ___. - ✔✔the net quantifiable benefit derived from a business endeavor
Business value in projects refers to the benefit that the results of a specific project provide to its ___.
The benefit may be tangible, intangible, or both. - ✔✔stakeholders
Examples of tangible elements include: - ✔✔Monetary assets, stockholder equity, utility, fixtures, tools,
and market share.
Example of intangible elements include: - ✔✔Goodwill, brand recognition, public benefit, trademarks,
strategic alignment, and reputation.
Organizational leaders initiate projects in response to factors acting upon their organizations. There are
four fundamental categories for these factors, which illustrate the context of a project. These factors
influence an organization's ongoing operations and business strategies. Leaders respond to these factors
in order to keep the organization viable. Projects provide the means to successfully make the changes
necessary to deal with these factors. The factors ultimately should link to strategic objectives of the
organization and the business value of each project. - ✔✔Meet regulatory, legal, or social requirements;
Satisfy stakeholder requests or needs;
Implement or change business or technological strategies; and
Create, improve, or fix products, processes, or services.
___ is the application of knowledge, skills, tools, and techniques to project activities to meet the project
requirements. ___ is accomplished through the appropriate application and integration of the project
management processes identified for the project. ___ enables organizations to execute projects
effectively and efficiently. - ✔✔Project management
Effective project management helps individuals, groups, and public and private organizations to: - ✔✔•
Meet business objectives;
• Satisfy stakeholder expectations;
• Be more predictable;
• Increase chances of success;
• Deliver the right products at the right time;
