ISO 21502 LPM Quiz 1-2 D1

What does ISO 21502 provide?

• Guidance on the management of projects, programs, and portfolios
• Guidance on the organizational context and underlying concepts for undertaking project, program, and portfolio management
• Guidance on concepts and practices for project management

What is a characteristic of a waterfall methodology?

• Project activities are planned and delivered in a chronological order
• Project activities are planned and delivered according to their importance for the project
• Project activities are planned and delivered in parts, giving space for modification in the project life cycle

Which of the following statements regarding agile methodologies is NOT correct?

• Agile methodologies allow for the project to stop and take a reverse direction
• Agile methodologies do not allow for alterations, especially in the middle or the end of the project
• Agile methodologies allow for a firm relationship and permanent contract with the client

____________ is a project management methodology that allows organizations to follow a principle-based approach that focuses on process and productsustainability.

• PRINCE2
• PMBOK
• PRiSM

Which of the following is an ISO 21502 advantage?

• Organizations can plan effective projects based on the requirements of the standard
• Organizations can transfer ideas into tangible and intangible outcomes
• Organizations can use their ISO 21502 certificate to hire successful project managers

What is a project?

• A process with non-defined objectives that the organization implements in their operations for better performance and outputs
• A process established by the organization with the sole purpose of fulfilling policies and procedures of the country where they are operating
• A temporary endeavor aiming to achieve one or more objectives set by the organization and the project team

An organization is planning to implement a project as part of a portfolio. Is this compliant with ISO 21500 guidelines?

• Yes, a project can be integrated into a larger program or portfolio
• No, a project can be managed only as a stand-alone work
• No, a project can be integrated only into a larger program, not portfolio

What is the difference between projects and operations?

• There are new tasks each time in projects, whereas tasks are repeated in operations
• Projects have an ongoing organizational function, whereas operations have a temporary one
• Projects have long-term teams, whereas operations have temporary teams

What should be considered when identifying organizational opportunities and threats?

• The method used to identify opportunities and threats
• The report that should be developed after identification
• Potential outputs and outcomes

Which factors, among others, should be considered when selecting projects and programs?

• The project team members
• Acceptable level of risk and risk exposure
• The external and internal project environment