Project Management C783 Exam
Questions and Verified Answers |
Graded A+
IRR (internal rate of return) - ✔✔The discount rate when the present value of
the cash inflows equals the original investment. Projects with higher IRR values
are generally considered better than projects with lower IRR values. IRR
assumes that cash inflows are reinvested at the IRR value.
Operation - ✔✔Operation is a function that performs ongoing taks and
constitutes an organization's on-going, repetitive activities such as accounting or
production. It is used to run regular business models and is performed to
achieve business goal and sustain the business
Organization - ✔✔Organization is a process of dividing work into sections and
departments. It involves allocation of authority, responsibility, and duties
among all the members of an enterprise. It is a group of individuals organized to
work for some purpose or mission.
Payback period - ✔✔The length of time it takes a company to recover the initial
cost of producing a product or service of a project
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,Performing organization - ✔✔performing organization is referred to as the
specific enterprise or group that is viewed by all parties to be the one that is
most directly and explicitly involved in all phases and aspects of doing any and
all work of the given and respective project. It is the organization that is
performing the project.
Portfolio management - ✔✔Portfolio management is the centralized
management of one or more portfolios that help in identifying, authorizing,
prioritizing, managing, and controlling projects, programs, and other related
work for attaining particular business objectives in the strategic plan of the
organization
Process - ✔✔A process is defined as a set of related tasks performed for
managing a certain aspect of a project, such as cost.
program - ✔✔in management terms, a program is a group of related projects.
these projects are grouped to obtain benefits and control that is not available
from managing them individually. Programs are a means of achieving
organizational goals and objectives
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,Program management - ✔✔program management is the centralized,
coordinated management or a program to achieve the program's strategic
objectives and benefits. Program management involves the management
Project Management knowledge areas - ✔✔ten project management groups
that bring together common or related processes:
-Project Integration Management
-Project Scope Management
-Project Schedule Management
-Project Cost Management
-Project Quality Management
-Project Resource Management
-Project Communications Management
-Project Risk Management
-Project Procurement Management
-Project Stakeholder Management
Project phase - ✔✔combination of associated activities that represent a distinct
stage within a project. A project phase can have distinct start and finish dates
and include several stages of planning and work. It is a set of logically related
activities that usually complete one or more major deliverables of the project
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, Closing process group - ✔✔final stage of a project. It includes the formal
acceptance of the project and the ending thereof
Executing process group - ✔✔the executing process group is a stage or phase of
a project. It starts after the planning phase of a project is over. It consists of the
processes used to complete the work defined in the project management plan
to accomplish the project's requirements
Initiating - ✔✔Initiating is a process group or stage that occurs at the beginning
of the project. It determines the nature and scope of the development. If this
stage is not performed well, it is unlikely that the project will be successful in
meeting the business needs
Monitoring and Controlling Process group - ✔✔Monitoring and controlling
consists of those processes that are performed to observe project execution, so
that potential problems can be identified in a timely manner and corrective
action can be taken, when necessary, to control the execution of the project
Project management process groups - ✔✔the project management process
groups progress from initiating activities to planning activities, executing
activities, monitoring and controlling activities, and closing activities. The
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Questions and Verified Answers |
Graded A+
IRR (internal rate of return) - ✔✔The discount rate when the present value of
the cash inflows equals the original investment. Projects with higher IRR values
are generally considered better than projects with lower IRR values. IRR
assumes that cash inflows are reinvested at the IRR value.
Operation - ✔✔Operation is a function that performs ongoing taks and
constitutes an organization's on-going, repetitive activities such as accounting or
production. It is used to run regular business models and is performed to
achieve business goal and sustain the business
Organization - ✔✔Organization is a process of dividing work into sections and
departments. It involves allocation of authority, responsibility, and duties
among all the members of an enterprise. It is a group of individuals organized to
work for some purpose or mission.
Payback period - ✔✔The length of time it takes a company to recover the initial
cost of producing a product or service of a project
1|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Performing organization - ✔✔performing organization is referred to as the
specific enterprise or group that is viewed by all parties to be the one that is
most directly and explicitly involved in all phases and aspects of doing any and
all work of the given and respective project. It is the organization that is
performing the project.
Portfolio management - ✔✔Portfolio management is the centralized
management of one or more portfolios that help in identifying, authorizing,
prioritizing, managing, and controlling projects, programs, and other related
work for attaining particular business objectives in the strategic plan of the
organization
Process - ✔✔A process is defined as a set of related tasks performed for
managing a certain aspect of a project, such as cost.
program - ✔✔in management terms, a program is a group of related projects.
these projects are grouped to obtain benefits and control that is not available
from managing them individually. Programs are a means of achieving
organizational goals and objectives
2|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Program management - ✔✔program management is the centralized,
coordinated management or a program to achieve the program's strategic
objectives and benefits. Program management involves the management
Project Management knowledge areas - ✔✔ten project management groups
that bring together common or related processes:
-Project Integration Management
-Project Scope Management
-Project Schedule Management
-Project Cost Management
-Project Quality Management
-Project Resource Management
-Project Communications Management
-Project Risk Management
-Project Procurement Management
-Project Stakeholder Management
Project phase - ✔✔combination of associated activities that represent a distinct
stage within a project. A project phase can have distinct start and finish dates
and include several stages of planning and work. It is a set of logically related
activities that usually complete one or more major deliverables of the project
3|Page
©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Closing process group - ✔✔final stage of a project. It includes the formal
acceptance of the project and the ending thereof
Executing process group - ✔✔the executing process group is a stage or phase of
a project. It starts after the planning phase of a project is over. It consists of the
processes used to complete the work defined in the project management plan
to accomplish the project's requirements
Initiating - ✔✔Initiating is a process group or stage that occurs at the beginning
of the project. It determines the nature and scope of the development. If this
stage is not performed well, it is unlikely that the project will be successful in
meeting the business needs
Monitoring and Controlling Process group - ✔✔Monitoring and controlling
consists of those processes that are performed to observe project execution, so
that potential problems can be identified in a timely manner and corrective
action can be taken, when necessary, to control the execution of the project
Project management process groups - ✔✔the project management process
groups progress from initiating activities to planning activities, executing
activities, monitoring and controlling activities, and closing activities. The
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©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
