PMP Certification Training - Summary - Project Management Framework

The video tutorial provides an overview of project management, defining key concepts such as projects, programs, and portfolios. It explains the project lifecycle, process groups, and the roles of project sponsors and managers. The tutorial also covers essential documents like the project business case, benefits management plan, project charter, and project management plan. The lesson concludes with a brief overview of the topics covered.

What is the primary goal of a project?

• To manage a group of related projects

• To produce a unique product, service, or result

• To generate ongoing services

• To create a temporary team

How are programs different from individual projects?

• Programs are temporary and have a definite end

• Programs are managed to achieve benefits not available from managing projects individually

• Programs are a collection of unrelated projects

• Programs focus on ongoing operations

What is the purpose of a project lifecycle?

• To establish the economic feasibility of a project

• To manage the ongoing production of goods

• To outline the phases a project goes through from start to completion

• To define the roles of the project team

Who is generally accountable for the development of the project business case?

• Stakeholders

• Project Team

• Project Sponsor

• Project Manager

What document formally authorizes the existence of a project?

• Project Charter

• Project Management Plan

• Project Benefits Management Plan

• Project Business Case