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Project Management Professional (PMP)® (2018) | Chapter 1

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Adam  Odd
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PMBOK® 6th Edition: Project Management Overview

Question 1 of 25

1

In the acronym PMBOK, what does BOK stand for?

Select one of the following:

  • Bored of Knowing

  • Beginning of Knowledge

  • Body of Knowledge

  • Beginner on Knowing

Explanation

Question 2 of 25

1

Project management standards in the PMBOK Guide come from _____.

Select one of the following:

  • ANSI

  • OSHA

  • NIST

  • SUASB

Explanation

Question 3 of 25

1

What does the PMBOK Guide help to define?

Select one of the following:

  • Professional conduct guidelines

  • All of these answers

  • Ethical guidelines

  • Common vocabulary

Explanation

Question 4 of 25

1

What does PMI define project management as?

Select one of the following:

  • Industry-specific skills, tools, and techniques to manage an industry project

  • The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements

  • A lightweight process framework that embraces iterative and incremental practices to complete a project

  • Initiation, planning, execution, execution, control, and closeout of a project

Explanation

Question 5 of 25

1

What is a key benefit of project management?

Select one of the following:

  • All of these answers

  • Meeting business objectives and goals

  • Addressing stakeholder needs

  • Resolving issues sooner

Explanation

Question 6 of 25

1

A _____ is a temporary endeavor undertaken to create a unique product, service, or result.

Select one of the following:

  • Goal

  • Deadline

  • Project

  • Standard

Explanation

Question 7 of 25

1

What is a legitimate sign of project completion?

Select one of the following:

  • Objectives being met

  • Termination for legal reasons

  • The early ending of a project

  • All of these answers

Explanation

Question 8 of 25

1

What is the difference between programs and portfolios?

Select one of the following:

  • A program is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Portfolios are projects, programs, and operations managed as a group to achieve strategic objectives.

  • Programs are projects that are established by the PMO office, while portfolios are established by the C-suite officers in coordination with the company’s board of directors.

  • A portfolio is a group of related projects managed in a coordinated way to obtain benefits that would not be available from managing them separately. Programs are projects, programs, and operations managed as a group to achieve strategic objectives.

  • Programs are unrelated projects managed together to obtain strategic value. Portfolios are related programs managed to obtain benefits that would benefit from being managed as a group.

Explanation

Question 9 of 25

1

What is the main purpose of projects?

Select one of the following:

  • To increase funding sources

  • To drive change in an organization

  • To increase efficiency

  • To spark creativity

Explanation

Question 10 of 25

1

_____ is the benefit derived from projects for a business venture.

Select one of the following:

  • Business improvement

  • Business value

  • Business benefit

  • Process change

Explanation

Question 11 of 25

1

Brand recognition, reputation, goodwill, and trademarks are examples of _____.

Select one of the following:

  • things that don’t impact business success

  • tangible elements

  • intangible elements

  • ways to improve revenue

Explanation

Question 12 of 25

1

By definition, projects are _____.

Select one of the following:

  • unique and haven’t been done before

  • challenging and large

  • complex and guarantee business growth

  • made up of several services

Explanation

Question 13 of 25

1

_____ are managed in a coordinated manner to obtain benefits not available from managing them
individually.

Select one of the following:

  • Projects

  • Portfolios

  • Program groups

  • Programs

Explanation

Question 14 of 25

1

Managing risks, interdependencies, constraints, and issues that may arise from a large undertaking is
called _____.

Select one of the following:

  • product management

  • program management

  • portfolio management

  • project management

Explanation

Question 15 of 25

1

Portfolio management is the _____ management of one or more portfolios to achieve strategic
objectives.

Select one of the following:

  • collated

  • diversified

  • centralized

  • decentralized

Explanation

Question 16 of 25

1

If you visualized projects, programs, and portfolios as a vertical hierarchy, which would be at the
top, encompassing the others?

Select one of the following:

  • Projects

  • Programs

  • Portfolios

  • None of these answers

Explanation

Question 17 of 25

1

_____ takes into account the relationships between many facets, including strategy, portfolio,
programs and projects, and operations.

Select one of the following:

  • Organizational project management (OPM)

  • Operational project management (OPM)

  • Oppositional project management (OPM)

  • Operational program management (OPM)

Explanation

Question 18 of 25

1

Why might a project be initiated?

Select one of the following:

  • To satisfy stakeholder needs

  • To implement a technological strategy

  • To create, improve, or fix a product

  • All of these answers

Explanation

Question 19 of 25

1

What is characteristic of a project?

Select one of the following:

  • It is unique (it’s never been done before).

  • It’s temporary and has a start and end date.

  • It delivers a product, service, or result.

  • All of these answers

Explanation

Question 20 of 25

1

A _____ is when you manage a group of projects or subprograms together to reap some benefit that
you wouldn’t ordinarily get by managing them individually.

Select one of the following:

  • portfolio

  • project

  • program

  • all of these answers

Explanation

Question 21 of 25

1

True or False: A portfolio includes projects, programs, subportfolios, and operations that are managed
to achieve strategic objectives.

Select one of the following:

  • True
  • False

Explanation

Question 22 of 25

1

_____ is the centralized management of one or more portfolios to achieve strategic objectives and it
focuses on doing the right programs and projects.

Select one of the following:

  • Portfolio management

  • Operations management

  • Program management

  • Project management

Explanation

Question 23 of 25

1

What is the chief objective of portfolio management?

Select one of the following:

  • To guide organizations in making sound investment decisions

  • To ensure programs and projects align with business objectives,

  • To ensure proper allocation of resources to achieve the desired return on the investment

  • All of these answers

Explanation

Question 24 of 25

1

True or False: The high-level portfolio is comprised of all the projects, programs, sub-portfolios, and
operations that are below it.

Select one of the following:

  • True
  • False

Explanation

Question 25 of 25

1

True or False: Operations and project management never intersect during the product life cycle.

Select one of the following:

  • True
  • False

Explanation