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PMBOK® 6th Edition: Project Management Overview

Description

Project Management Professional (PMP)® (2018) | Chapter 1
Adam Odd
Quiz by Adam Odd, updated more than 1 year ago
Adam Odd
Created by Adam Odd over 6 years ago
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Resource summary

Question 1

Question
In the acronym PMBOK, what does BOK stand for?
Answer
  • Bored of Knowing
  • Beginning of Knowledge
  • Body of Knowledge
  • Beginner on Knowing

Question 2

Question
Project management standards in the PMBOK Guide come from _____.
Answer
  • ANSI
  • OSHA
  • NIST
  • SUASB

Question 3

Question
What does the PMBOK Guide help to define?
Answer
  • Professional conduct guidelines
  • All of these answers
  • Ethical guidelines
  • Common vocabulary

Question 4

Question
What does PMI define project management as?
Answer
  • 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

Question 5

Question
What is a key benefit of project management?
Answer
  • All of these answers
  • Meeting business objectives and goals
  • Addressing stakeholder needs
  • Resolving issues sooner

Question 6

Question
A _____ is a temporary endeavor undertaken to create a unique product, service, or result.
Answer
  • Goal
  • Deadline
  • Project
  • Standard

Question 7

Question
What is a legitimate sign of project completion?
Answer
  • Objectives being met
  • Termination for legal reasons
  • The early ending of a project
  • All of these answers

Question 8

Question
What is the difference between programs and portfolios?
Answer
  • 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.

Question 9

Question
What is the main purpose of projects?
Answer
  • To increase funding sources
  • To drive change in an organization
  • To increase efficiency
  • To spark creativity

Question 10

Question
_____ is the benefit derived from projects for a business venture.
Answer
  • Business improvement
  • Business value
  • Business benefit
  • Process change

Question 11

Question
Brand recognition, reputation, goodwill, and trademarks are examples of _____.
Answer
  • things that don’t impact business success
  • tangible elements
  • intangible elements
  • ways to improve revenue

Question 12

Question
By definition, projects are _____.
Answer
  • unique and haven’t been done before
  • challenging and large
  • complex and guarantee business growth
  • made up of several services

Question 13

Question
_____ are managed in a coordinated manner to obtain benefits not available from managing them individually.
Answer
  • Projects
  • Portfolios
  • Program groups
  • Programs

Question 14

Question
Managing risks, interdependencies, constraints, and issues that may arise from a large undertaking is called _____.
Answer
  • product management
  • program management
  • portfolio management
  • project management

Question 15

Question
Portfolio management is the _____ management of one or more portfolios to achieve strategic objectives.
Answer
  • collated
  • diversified
  • centralized
  • decentralized

Question 16

Question
If you visualized projects, programs, and portfolios as a vertical hierarchy, which would be at the top, encompassing the others?
Answer
  • Projects
  • Programs
  • Portfolios
  • None of these answers

Question 17

Question
_____ takes into account the relationships between many facets, including strategy, portfolio, programs and projects, and operations.
Answer
  • Organizational project management (OPM)
  • Operational project management (OPM)
  • Oppositional project management (OPM)
  • Operational program management (OPM)

Question 18

Question
Why might a project be initiated?
Answer
  • To satisfy stakeholder needs
  • To implement a technological strategy
  • To create, improve, or fix a product
  • All of these answers

Question 19

Question
What is characteristic of a project?
Answer
  • 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

Question 20

Question
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.
Answer
  • portfolio
  • project
  • program
  • all of these answers

Question 21

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

Question 22

Question
_____ is the centralized management of one or more portfolios to achieve strategic objectives and it focuses on doing the right programs and projects.
Answer
  • Portfolio management
  • Operations management
  • Program management
  • Project management

Question 23

Question
What is the chief objective of portfolio management?
Answer
  • 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

Question 24

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

Question 25

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