PMBOK Guide and its Foundational Concepts
About the Lecture
The lecture PMBOK Guide and its Foundational Concepts by Sean Whitaker is from the course PMP Training – Become a Project Management Professional (EN). It contains the following chapters:
- Project Management Framework
- Project Life Circle
- Organizational Process Assets
- The Basics
Included Quiz Questions
What is the best definition of a project?
- A temporary endeavor undertaken to create a unique product, service or result that is subject to progressive elaboration.
- The ongoing work an organization does year after year.
- Work that begins each calendar year and is completed within 12 months.
- A unique piece of work.
What is the best definition of a program?
- A program is a group of projects related in some way and managed together.
- A program is a temporary endeavor undertaken to create a unique product, service or result.
- A program includes all the projects that an organization is undertaking.
- A program is the ongoing repetitive work an organization must do.
What is the best definition of a portfolio?
- A collection of projects grouped together to take advantage of effective management to meet strategic business objectives.
- A group of related projects managed in a coordinated way.
- A collection of projects relating to a single business unit within an organization.
- A group of projects managed by a project director.
What sort of PMO would only provide basic project management assistance on demand and nothing else?
- Supportive.
- Controlling.
- Directive.
- Mature.
If you are managing your project in short bursts due to high levels of uncertainty, what sort of project life cycle is this?
- Adaptive.
- Incremental.
- Predictive.
- Portfolio.
Which is longer, the product or project life cycle?
- The product life cycle is longer than the project life cycle.
- The project life cycle is longer than the product life cycle.
- They are both the same length.
- It depends on the level of organizational maturity.
What sort of phase starts before the end of earlier phases?
- Overlapping.
- Sequential.
- Iterative.
- Supportive.
Is the project management methodology your organization has developed an example of an Enterprise Environmental Factor or an Organizational Process Asset?
- A project management methodology that your organization has developed is an example of an Organizational Process Asset.
- A project management methodology that your organization has developed is an example of an Enterprise Environmental Factor.
- It is both.
- It is neither.
Using the earned value technique to calculate cost variance is an example of which of the following?
- Work performance information.
- Work performance data.
- Work performance reports.
- Organizational process asset.
What is the best definition of a project baseline?
- The baseline is what you originally planned plus all approved changes.
- The baseline is a description of what you originally planned only.
- The baseline is a description of the product life cycle.
- The baseline is what you originally planned plus all requested changes.
What is the role that has high levels of responsibility and authority to manage a project?
- Project Manager.
- Project Sponsor.
- Project Coordinator.
- Project Expeditor.
Which role is responsible for providing political and financial support for the project?
- Project sponsor.
- Project Manager.
- Client.
- Stakeholder.
What are the four elements of the Shewhart and Deming cycle?
- Plan, Do, Check, Act.
- Plan, Do, Control, Action.
- Prepare, Do, Check, Act.
- Prepare, Do, Control, Action.
What is the link between project management and organizational strategic success?
- Organizations achieve strategic success by delivering successful projects.
- There is no link between the two concepts.
- An organizations strategy will produce successful projects.
- They are two ways of saying the same thing.
Author of lecture PMBOK Guide and its Foundational Concepts
Sean Whitaker
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