PMP Exam Prep

  1. What is the definition of a project?
    • Temporary.
    • Creates a unique product or service.
  2. What is the definition of a program?
    • A group of interrelated projects;
    • managed in a coordinated way.
  3. What is the definition of a portfolio?
    A group of programs to achieve a specific strategic business goal.
  4. What is a product life cycle?
    The cycle of a product's life from conception to withdrawal.
  5. What is a project life cycle?
    • What you need to COMPLETE the work.
    • It varies by industry and type of project.
  6. What is the project management process?
    What you need to MANAGE the work

    • Initiating
    • Planning
    • Executing
    • Monitoring and controlling
    • Closing
  7. What is a project management office?
    • A department that centralizes the management of projects
    • Provides the policies, methodologies, and templates for managing projects within the organization, or;
    • Provides support, guidance, and training to others in the organization on how to manage projects, or
    • Provides project managers for different projects, and is responsible for the results of those projects.
  8. What are project constraints?
    • Cost
    • Time
    • Scope
    • Quality
    • Risk
    • Resources
    • Customer satisfaction
    • Constraints are used to help evaluate competing demands
  9. Who are stakeholders?
    • Anyone whose interest may be positively or negatively impacted by the project, including:
    • Project manager
    • Customer
    • Sponsor
    • Performing organization
    • Team
    • Funding resources
    • End User
    • Society
    • PMO
  10. What should we do with stakeholders?
    • Identify all of them
    • Determine all of their requirements
    • Determine all of their expectations
    • Communicate with them
    • Manage their influence
  11. What are the three primary forms of organization?
    • Functional
    • Projectized
    • Matrix
  12. What is a functional organization?
    The company is grouped by aeas of specialization (eg accounting, marketing)
  13. What is a projectized organization?
    • The company is grouped by project.
    • the team has no department to go at project end.
    • The project manager has total control of the resources.
  14. What is a matrix organization?
    A blend of funvtional and projectized organization where the team members have two bosses (the project manager and functional manager)
  15. What is a strong matrix organization?
    A matrix organization where the balance of power rests with the project manager instead of the functional manager.
  16. What is a weak matrix organization?
    • A matrix organization where the balance of power rests with the functional manager instead of the project manager
    • The project manager's role may include:
    • Project expediter
    • Project coordinator
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PMP Exam Prep
Preparing for the PMP Exam