Exam 1: Introduction to Project Management

A project is a lasting endeavor undertaken to maintain a reliable product or service.

Integration Management,one of the 10 PMBOK Guide Knowledge Areas,represents the processes and activities to identify,define,combine,unify,and coordinate the various processes and project management activities.

Cost Management,one of the ten PMBOK Guide Knowledge Areas,includes the processes involved in planning,estimating,budgeting,financing,funding,managing and controlling costs so that the project can be completed within the approved budget.

Contrast project management with operations management.How do these differences impact the approach required to manage a project successfully?

Projects are subject to limitations of time and resources such as money and people.

The Project Management Body of Knowledge (PMBOK® Guide)published by the Project Management Institute identifies five process groups.Briefly identify and describe each of these five process groups.

Some projects are considered successful if they reap business benefits like increased profitability,even if completed late or over budget.

Typically,a steering team or leadership team is responsible for all of the following project related roles EXCEPT:​ 

Resource Management,one of the ten PMBOK Guide Knowledge Areas,is comprised of the processes to identify,acquire,and manage resources needed to successfully complete the project.

Projects are considered successful for all of the reasons below EXCEPT:​ 

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the activities of purchasing or acquiring products,services or results from outside the project team?​ 

A project manager in agile projects who serves and leads in a collaborative,facilitating manner is called a:​ 

Projects often require tradeoffs among all of the following EXCEPT:​ 

Project plans and goals become more specific as early work is completed.

A project manager needs to be concerned with achieving desired scope and quality (often called performance),subject to constraints of time and cost.

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure that the project includes all the work required,and only the work required,to complete the project successfully? 

In an adaptive or change - driven project life cycle: 

The only critical measures of project success are completing the project on schedule and on budget.

A project is a time-bound effort constrained by performance specifications,resources,and budget to create a unique product or service.

Which of the following examples is NOT a typical or appropriate situation to employ project management?​