7/4/25, 10:06
PM
MBA 742 Module 1 Exam questions and answers with
complete solutions verified graded a++ latest
update 2025/2026
Terms in this set (80)
Project a temporary endeavor undertaken to create a new
product, service, or result
Project Management the application of knowledge, skills, tools, and
techniques to project activities to meet the
project requirements
1. Initiation 5 Project Management Process Groups
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing
Program a group of related projects managed in a
coordinated way to obtain benefits (and
control) not available managing them
individually
...doing programs and Program and project management focus on...
projects the "right" way.
...doing the "right" Portfolio Management focuses on...
programs and projects.
Planning ____is a huge part of project management.
1/
14
, 7/4/25, 10:06
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Progressive Elaboration the iterative process of increasing the level of detail
(Rolling Wave Planning) in a project management plan as greater amounts
of information and more accurate estimates
become available
Progressive Elaboration the formal progression of getting from Order of
Magnitude estimation (aka ballpark) to
budgetary (where it needs to be before
beginning execution)
Initiating _____processes are used at the start of a project phase
or life cycle phase.
Planning ____processes are used to further elaborate the
information in the initiating
process.
Planning ____processes help ensure the project will achieve its
objectives.
Executing ____processes are used to complete the project work.
Monitoring and _____processes compare the planned work to the
Controlling accomplished work to
determine if corrective or preventative action is
required.
Monitoring and _____processes are used to ensure the project is
Controlling performing as planned.
Monitoring and _____processes ensure that any change to the project is
Controlling managed appropriately.
Project Integration the knowledge area that instructs us to
Management consider all of the other knowledge areas and
the interrelationships amount them
Planning What process group has the highest number of
2/
14
PM
MBA 742 Module 1 Exam questions and answers with
complete solutions verified graded a++ latest
update 2025/2026
Terms in this set (80)
Project a temporary endeavor undertaken to create a new
product, service, or result
Project Management the application of knowledge, skills, tools, and
techniques to project activities to meet the
project requirements
1. Initiation 5 Project Management Process Groups
2. Planning
3. Executing
4. Monitoring & Controlling
5. Closing
Program a group of related projects managed in a
coordinated way to obtain benefits (and
control) not available managing them
individually
...doing programs and Program and project management focus on...
projects the "right" way.
...doing the "right" Portfolio Management focuses on...
programs and projects.
Planning ____is a huge part of project management.
1/
14
, 7/4/25, 10:06
PM
Progressive Elaboration the iterative process of increasing the level of detail
(Rolling Wave Planning) in a project management plan as greater amounts
of information and more accurate estimates
become available
Progressive Elaboration the formal progression of getting from Order of
Magnitude estimation (aka ballpark) to
budgetary (where it needs to be before
beginning execution)
Initiating _____processes are used at the start of a project phase
or life cycle phase.
Planning ____processes are used to further elaborate the
information in the initiating
process.
Planning ____processes help ensure the project will achieve its
objectives.
Executing ____processes are used to complete the project work.
Monitoring and _____processes compare the planned work to the
Controlling accomplished work to
determine if corrective or preventative action is
required.
Monitoring and _____processes are used to ensure the project is
Controlling performing as planned.
Monitoring and _____processes ensure that any change to the project is
Controlling managed appropriately.
Project Integration the knowledge area that instructs us to
Management consider all of the other knowledge areas and
the interrelationships amount them
Planning What process group has the highest number of
2/
14
