age 1 of 33
PJM FINAL EXAM STUDY GUIDE 2025/2026 COMPLETE
QUESTIONS WITH VERIFIED CORRECT SOLUTIONS ||
100% GUARANTEED PASS <RECENT VERSION>
Which of the following statements best describe a project?
.....Answer.......A temporary endeavor undertaken to create a
unique product, service, or result.
The term portfolio management refers to: .....Answer.......The
centralized management of one or more portfolios to achieve
strategic objectives.
Which of the following statements about the project life cycle
and the product life cycle is NOT true? .....Answer.......The
product life cycle is contained within the predictive project life
cycle.
,age 2 of 33
The collection of generally sequential and sometimes
overlapping project phases, whose name and number are
determined by the management and control needs of the
organization or organizations involved in the project, is known as
the: .....Answer.......Project life cycle
The PMBOK® Guide is the standard for:
.....Answer.......Managing most projects most of the time.
All of the following are true about project phases and the
project life cycle, EXCEPT: .....Answer.......Cost and staffing levels
are generally steady throughout the project life cycle.
The project management institute (PMI) groups project
management processes into five Project Management Process
Groups, which are:
,age 3 of 33
Correct! .....Answer.......Initiating, Planning, Executing, Monitoring
and Controlling, and Closing
All of the following are true about project phases and the
project life cycle, EXCEPT: .....Answer.......Cost and staffing levels
are generally steady throughout the project life cycle.
You are a manager at Chenco LTD. Your job responsibility is to
align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives,
dependencies, costs, timelines, benefits, resources, and risks. This
is known as: .....Answer.......Portfolio management.
All of the following are true about projects and operations,
EXCEPT: .....Answer.......Because of their temporary nature,
projects cannot help achieve an organization's long-term goals.
, age 4 of 33
Therefore, strategic activities in the organization can be
generally addressed within the organization's normal
operations.
All of the following are potential information in organizational
knowledge repositories, EXCEPT .....Answer.......Tacit knowledge
of previous projects such as project performance data and
lessons learned.
Audrey is a project manager at Chenco LTD. Because of her
experience and education, she is often invited by senior
managers to examine how certain projects can create value for
the organization. Which of the following statements is true when
examining the value of a project? .....Answer.......In project
management, it is important to consider the difference between
outcome and output.
PJM FINAL EXAM STUDY GUIDE 2025/2026 COMPLETE
QUESTIONS WITH VERIFIED CORRECT SOLUTIONS ||
100% GUARANTEED PASS <RECENT VERSION>
Which of the following statements best describe a project?
.....Answer.......A temporary endeavor undertaken to create a
unique product, service, or result.
The term portfolio management refers to: .....Answer.......The
centralized management of one or more portfolios to achieve
strategic objectives.
Which of the following statements about the project life cycle
and the product life cycle is NOT true? .....Answer.......The
product life cycle is contained within the predictive project life
cycle.
,age 2 of 33
The collection of generally sequential and sometimes
overlapping project phases, whose name and number are
determined by the management and control needs of the
organization or organizations involved in the project, is known as
the: .....Answer.......Project life cycle
The PMBOK® Guide is the standard for:
.....Answer.......Managing most projects most of the time.
All of the following are true about project phases and the
project life cycle, EXCEPT: .....Answer.......Cost and staffing levels
are generally steady throughout the project life cycle.
The project management institute (PMI) groups project
management processes into five Project Management Process
Groups, which are:
,age 3 of 33
Correct! .....Answer.......Initiating, Planning, Executing, Monitoring
and Controlling, and Closing
All of the following are true about project phases and the
project life cycle, EXCEPT: .....Answer.......Cost and staffing levels
are generally steady throughout the project life cycle.
You are a manager at Chenco LTD. Your job responsibility is to
align components (projects, programs, or related operations) to
the organizational strategy, organized into portfolios or
subsidiary portfolios to optimize project or program objectives,
dependencies, costs, timelines, benefits, resources, and risks. This
is known as: .....Answer.......Portfolio management.
All of the following are true about projects and operations,
EXCEPT: .....Answer.......Because of their temporary nature,
projects cannot help achieve an organization's long-term goals.
, age 4 of 33
Therefore, strategic activities in the organization can be
generally addressed within the organization's normal
operations.
All of the following are potential information in organizational
knowledge repositories, EXCEPT .....Answer.......Tacit knowledge
of previous projects such as project performance data and
lessons learned.
Audrey is a project manager at Chenco LTD. Because of her
experience and education, she is often invited by senior
managers to examine how certain projects can create value for
the organization. Which of the following statements is true when
examining the value of a project? .....Answer.......In project
management, it is important to consider the difference between
outcome and output.
