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Group whose function is to review, approve or reject changes on the project as they relate to the
various areas of the represented bussiness ✔Correct Answer-Change Control Board
Used to asses the impact and consequnces of requested changes on the project ✔Correct Answer-
Change Control System
Factors that limits project options such as the number of people available, amount of time or money
available to finish the job or other resources or assest issues ✔Correct Answer-Contraints
General Closing Order of itmes for a project (6) ✔Correct Answer-1. Close out any contracts w/
outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects
What are Lessons Learned? ✔Correct Answer-Opportunity that allows the team to learn from past
experience and improve on the project as the complete it. LL can come along before the end on the
project . If they come at the end administrative procedures come into play
3 main goals of a configuration mgmt system ✔Correct Answer-1. To develop a consistent process
to evaluate changes
2. To create an environment in which you can review and approve appropiate changes to modify the
project for the better.
3. To set communication standards so the project team can communicate those changes to the
appropiate stakeholders
A cumulative document that contains all the documents used in the project mgmt apporach on the
project. It describes the steps associated w/ executing, monitoring and controlling and closing
✔Correct Answer-Project Managment Plan
Closing a Project Includes the Following (3) ✔Correct Answer-Product Verification Lesson Learned
Updating records - Project files, contract files
Reporting Archiving Formal Acceptance
Know Assumptions as they relate to a Project ✔Correct Answer-When you perform project mgmt
part of the concept of planning is to deal with items unkown, here you must make assumptions for
scheduling and budgeting. In most cases as the project evolves you learn more about it
Used for communication and information distribution on the project not necessarily a high tech
system but whatever is used for project communication on the project. Normally a mixture of
technology and non-technology. ✔Correct Answer-PMIS
,What is the result of Executing? ✔Correct Answer-Project Scope is built
What is the result of Initiating? ✔Correct Answer-Project Charter and Stakholders are Identified
What is the result of Monitoring and Controlling? ✔Correct Answer-Corrective Action
What is the result of Closing? ✔Correct Answer-results in the product, service or result transition
of the project
Characteristics of the PMO (3) ✔Correct Answer-Characteristics of the PMO (3)
A centralized area for all 1.PM personnel to and be assigned. 2. for documentation a process support
3. For Project mgmt support and auditing of projects.
Performing day to day operations by a project Mgmt approach... ✔Correct Answer-Mgmt by
Projects
The process that result in the authorization of a project.. ✔Correct Answer-Project Initiation
The process required to develop the activites to attain objective.. ✔Correct Answer-Planning
Process
Emcompasses project of similar work or correlated activites managed in a coordinated way to attain
benefits that could not achieved separately ✔Correct Answer-Project Mgmt
Process of completing work on the Project. It is not the management of the work, but rather the
work process. Can be describe what work is done (and who does the work ) in each phase of the
project, what the deliverables are, and the approval for each phase ✔Correct Answer-Project Life
Cycle
A smaller piece of the project as a result of decomposition; is usually created as a result of creating
the work breakdown structure ✔Correct Answer-Sub Project
Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn ✔Correct Answer-Characterisitics of Project(5)
Involves the product or service from concept to divestment (closure) This cycle typically begins with a
business plan end with a product or service ✔Correct Answer-Product Life Cycle
Initating Planning Executing Monitoring and Controlling
Closing ✔Correct Answer-Project Mgmt Life Cycle in 5 process group
Market Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements ✔Correct Answer-Projects (or project selection) are
typically authorized as result of the following
A group of related projects managed in a coordinated way to obtain benefits and control not availble
from managing the individually ✔Correct Answer-Program Management
, Practice by which a company looks into the furture for products or services it must have, typically 3
to 5 years in the future. Projects are the tools that company will use to implement the strategic goals
✔Correct Answer-Strategic Planning
What is the triple contraints? ✔Correct Answer-Scope time cost
10 things remember for a brain dump ✔Correct Answer-Quality gurus HR gurus Comm Channels
Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas
2 - 20 - 8 - 10 - 2 ✔Correct Answer-Process groups /Knowledge areas are number by
A group of programs of projects related and managed in a coordinated way to achieve specific
strategic business goals ✔Correct Answer-Portfolio
A group of related projected project that are managed to obtain synergistic benefits and control
✔Correct Answer-Program
An Organizational which authorizes the project manager to assign resources to the project to
establish priorities and to direct the work of the project ✔Correct Answer-Projectized Organization
Mgmt of various portfolios that include the project and programs of which they consist can in
prioritization, authorization, mgmt ✔Correct Answer-Portfolio Mgmt
What are Lessons Learned? ✔Correct Answer-Opportunity that allows the team to learn from past
experience and improve on the project as the complete it. LL can come along before the end on the
project . If they come at the end administrative procedures come into play
The original estimate plus any approve changes. it is the value against which the work results
(somtimes called actuals) are compared ✔Correct Answer-Baseline
Components of the project Mgmt Plan.. ✔Correct Answer-Anything that ends with a plan or
baseline
Process used to control product features and details through change control ✔Correct Answer-
Configuration Mgmt
Who creates a the Project Charter? ✔Correct Answer-1. Anyone whose has an authority to create a
charter. 2. even a PM - but it must be signed by someone who can invest authority for the project w/
the PM typically Senior Mgmt
Process of developing a document that formally authorizes a project or a phase and document initial
requirements that satisfy the stakeholders needs and expectations ✔Correct Answer-Develop
Project Charter
Formal or informal system used in project mgmt to ensure that work is done as planned. It ensures
that right work is done in the right order at the right time by the right people ✔Correct Answer-
Work Authorization System