PMP Certification Training - Overview of Project, Project Management, Program Management, and Portfolio

The video tutorial explains the concept of a project as a temporary endeavor with unique outputs, distinguishing it from routine operations. It covers project completion criteria, initiation contexts, and the role of project management in achieving objectives. The tutorial also delves into program and portfolio management, highlighting the benefits of managing related projects collectively and aligning them with strategic business goals.

What distinguishes a project from routine operations?

• Projects are always intangible.

• Projects have definite start and end dates.

• Projects are ongoing and repetitive.

• Projects do not require stakeholder satisfaction.

Which of the following is NOT a reason for initiating a project?

• To implement business strategies

• To satisfy stakeholder needs

• To maintain routine operations

• To meet regulatory requirements

What is the primary role of a project manager?

• To execute routine tasks

• To manage project processes and apply tools

• To oversee only the planning phase

• To handle only the financial aspects

Which of the following is NOT one of the five process groups in project management?

• Executing

• Planning

• Budgeting

• Initiating

What is a program in the context of project management?

• A routine operational task

• A single large project

• A group of unrelated projects

• A group of related projects managed together

How are projects within a portfolio typically related?

• They are always directly related.

• They must have the same project manager.

• They are not necessarily directly related.

• They must be in the same industry.

What is the main objective of managing a portfolio?

• To complete projects faster

• To achieve strategic objectives

• To focus on a single project

• To reduce the number of projects