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WorksheetsProject Management Fundamentals Quiz
Total questions: 33
Worksheet time: 27mins
What does the term "Outcome" refer to in project management?
The list of tasks to be completed in a project
The budget allocated for a project
The team members involved in a project
The result or consequence of a process of a project
Which of the following best describes a "Portfolio" in project management?
A collection of subsidiary portfolios, projects, and operations managed as a group
A single project with a defined outcome
A document listing project risks
A meeting to discuss project progress
What is a "Program" in the context of project management?
Related projects, subsidiary programs, and program activities managed in a coordinated manner
A single task within a project
The final report of a project
The financial plan for a project
Which term refers to an artifact that is produced, is quantifiable, and can be either an end item in itself or a component item?
(a)
What is the main responsibility of a "Project manager"?
Leading the team to achieve project objectives
Approving the project budget
Designing the company logo
Writing the project code
Which of the following is NOT a function of project management?
Applying knowledge, skills, tools, and techniques to project activities
Meeting project requirements
Using various approaches to deliver intended outcomes
Cooking meals for the team
What does the "Standard for Project Management" represent?
The progression of the profession and expectations for value delivery
The list of team members in a project
The financial statement of a company
The marketing plan for a product
What is a key concept in project management?
(a)
What does "Project management" involve?
The application of knowledge, skills, tools, and techniques to project activities to meet project requirements
The hiring of new employees
The design of office furniture
The creation of advertisements
Which 3 are mentioned as an approach to project management?
(a)
Government agencies, enterprises, contractual arrangements, joint ventures, and other arrangements; also creat value for stakeholders
(a)
What do the components in a value delivery system create?
(a)
What is the end result or consequence of a process or project?
(a)
What do outcomes create?
(a)
What are the 4 principles of project management?
(a)
What do the components in a value delivery system create?
(a)
Which system works alongside the value delivery system to enable smooth workflows, manage issues, and support decision making?
(a)
Which system provides an integrated structure for evaluating changes, issues, and risks associated with the environment and any component in the value delivery system?
(a)
Can enhance, constrain, or have a neutral influence on project outcomes. Examples include but are not limited to: marketplace outcomes, social and cultural influences and issues, regulatory environment, commercial databases, academic research, industry standards, financial considerations, and physical environment
Internal environment
External environment
What are the product life cycle phases?
introduction, growth, maturity, and decline/retirememt
Growth, maturity, introduction, and decline/retirement
This approach incorporates related projects, subsidiary programs, and program activities. For very large or long-running products, one or more product life cycle phases may be sufficiently complex to merit a set of programs and projects working together
Project management within a product life cycle
Program management within a product life cyle
Product management within a program
This approach oversees development and maturing of product capabilities as an ongoing business activity. Portfolio governance charters individual projects as needed to perform enhancements and improvements or to produce other unique outcomes
Project management within a product life cycle
Program management within a product life cycle
Product management within a program
This approach applies the full product life cycle within the purview and boundaries of a given program. A series of subsidiary programs or projects will be chartered to achieve specific benefits for a product. Those benefits can be enhanced by applying product management competencies like competitive analysis, customer acquisition, and customer advocacy
Program management within a product life cycle
Project management within a product life cycle
Product management within a program
Can be individuals, groups, or orca may affect, be affected by, or perceive themselves to be affected by a decision, activity, or outcome of a portfolio, program, or project
(a)
What is the ultimate indicator of project success?
(a)
This explains why the business need is worth the investment and why it should be addressed at this time
(a)
Provides the rationale for the project, explaining why the project is undertaken
(a)
Is the reason for the project and all needs are related to the strategy to achieve the value
(a)
To support value realization from projects, project teams shift focus from _______ to the intended _________.
(a)
A set of interacting and interdependent components that function as a unified whole
(a)
What entails taking a holistic view of how project parts interact with each other and with external systems?
(a)
The position of control given to individuals within an organization to foster overall effective and efficient function
(a)
Promotes project success and contributes to positive project outcomes
(a)
