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project management exam 1 Questions & answers

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project management exam 1
project - ANS-a temporary endeavor undertaken
to create a unique product, service, or result

Operations - ANS-work done to sustain the business

project sponsor - ANS-usually provides the direction and
funding for the project

project manager - ANS-works with project sponsors,
project team, and other people involved in a
project to meet project goals

program - ANS-group of related projects managed in a
coordinated way to obtain benefits and control not available from managing them
individually

program managers - ANS-provides leadership and direction
for the project managers heading the projects within the program

Project management - ANS-the application of knowledge, skills, tools and techniques to
project activities to meet project requirements

triple constraint - ANS-project scope, time, and cost goals

stakeholders - ANS-are the people involved in or affected by project activities

Knowledge areas - ANS-they describe the key competencies
that project managers must develop

10 knowledge areas - ANS-project integration, scope, time, cost, quality, human
resource, communications, risk, procurement, and stakeholder management

Project management tools and techniques - ANS-assist project managers and their
teams in various aspects of projects management, examples are:
◦ Project charter, scope statement, and WBS (scope)
◦ Gantt charts, network diagrams, critical path analysis,
critical chain scheduling (time)

, ◦ Cost estimates and earned value management (cost)

Super tools - ANS-tools that have high use and high potential for improving project
success,
such as:
◦ Software for task scheduling (such as project
management software)
◦ Scope statements
◦ Requirements analyses
◦ Lessons-learned reports

program - ANS-a group of related projects managed in
a coordinated way to obtain benefits and control not
available from managing them individually

project portfolio management, - ANS-organizations group and manage projects and
programs as a portfolio of investments that
contribute to the entire enterprise's success

best practice - ANS-an optimal way recognized by
industry to achieve a stated goal or objective

leader - ANS-focuses on long-term goals and bigpicture
objectives while inspiring people to reach
those goals

manager - ANS-deals with the day-to-day details of
meeting specific goals

Project Management Office (PMO) - ANS-is an organizational group responsible for
coordinating the project management function throughout an organization

Project Management Institute - ANS-is an
international professional society for project managers

Project
Management Professional (PMP) - ANS-A certification provided by the Project
Management Institute

Ethics - ANS-loosely defined, is a set of principles that guide

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