detailed solutions ||\\//||
portfolio - correct answer✔✔a group of related programs that support a long-term company
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goal or objective Pg 13
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program - correct answer✔✔a group of related projects Pg 13 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
project - correct answer✔✔an activity or group of activities to generate a new, unique
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product, service, or results to support that program Pg 13 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
charter - correct answer✔✔a document that, like a contract, is agreed upon by the sponsor
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and key stakeholders. It defines the project and authorizes the resources, roles,
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responsibilities, authorities, and scope for the project Pg 13 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Specific, measurable, attainable, relevant, timely - correct answer✔✔Criteria of specific
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objectives that are unique to a project are referred to as SMART which stands for what Pg ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
15
triple constraint - correct answer✔✔cost (budget), schedule (time), and scope (deliverables)
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Pg 17
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stakeholder analysis - correct answer✔✔analysis to define the relevant stakeholders, their ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
interests, and their communication needs Pg 19 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Change Control Board (CCB) - correct answer✔✔a group of people who track changes in a
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project and can be used as a governance tool Pg 19 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
,Work Breakdown Structures (WBS) - correct answer✔✔a key tool so that people
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understand what is expected of them and how they will be held accountable Pg 21 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Project Management Institute (PMI) - correct answer✔✔Founded in 1969, it's
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headquartered in Newton, PA, and has member chapters on every continent (except ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Antarctica). Publishes foundational and practice standards and is the largest in the world. ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Pg 22
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Association for Project Management (APM) - correct answer✔✔A UK-based charter ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
organization that is the largest professional body of its kind in Europe. Formed in 1972, it's ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
membership is primarily limited to the United Kingdom. Pg 22 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
International Project Management Association (IPMA) - correct answer✔✔the world's first ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
project management association, founded in 1965. The leading authority on competent
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project, programme, and portfolio management (PPPM) Pg 22
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AXELOS, Ltd - correct answer✔✔a joint venture between the government of the United
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Kingdom and Captia PLC. It was formed to manage and grow a number of standards and
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associated certifications developed by the Cabinet office, including ITIL (Information
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Technology Infrastructure Library), PRINCE2, and Managing Successful Programs (MSP). ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Pg 22
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Functional (Departmentalized) Organization pros/cons - correct answer✔✔Pros: Lines of
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authority are clear; work is easily prioritized by identified departmental authority
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Cons: Utilizing resources across functions can be difficult; project is not managed
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holistically
, Projectized Organization pros and cons - correct answer✔✔Pros: Clear lines of authority; ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
project is managed holistically; gain historical data from prior projects.
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Cons: Approach is expensive because of the duplication of personnel; SME assigned may
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not have the most appropriate knowledge or expertise for the project
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Matrix Organization pros and cons - correct answer✔✔Pros: Central focus is the project;
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issues are responded to quickly. ||\\//|| ||\\//|| ||\\//|| ||\\//||
Cons: Requires cooperation and coordination between and among functional departments
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and project managers; resource balancing between projects can lead to friction.
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project management office (PMO) - correct answer✔✔A process for determining if the level
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of documentation and best practices followed in project execution. Pg 26
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Project Management Maturity Level - correct answer✔✔Determined by the
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comprehensiveness of written procedures to accomplish tasks in each of the process areas ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
identified by PMI. Pg 26 ||\\//|| ||\\//|| ||\\//|| ||\\//||
alignment - correct answer✔✔Term used to describe connecting project outcomes to ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
company goals. Pg 30 ||\\//|| ||\\//|| ||\\//||
Realistic - correct answer✔✔Model is appropriate to the level of resources available, the
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operating environment, and capabilities of the company. Pg 31 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
Capable - correct answer✔✔The model is able to apply the pertinent factors of the
||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||
evaluation, including time, risk, cost, and internal and external environment. Pg 31 ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//|| ||\\//||