Project Management Framework

Question 1

Definition of “project”

Answer 1

Temporary, with beginning and end
Creates unique product/service/result

Question 2

Governance

Answer 2

Objective is to ensure delivery of specific benefits/value

Question 3

Operations vs. Project

Answer 3

Ops is ongoing work; project is temporary

Question 4

Portfolio management

Answer 4

Management of related programs, projects, and ops work

Question 5

Product management

Answer 5

Management of products, independent of project life cycles

Question 6

Program management

Answer 6

Management of related projects

Question 7

Project management

Answer 7

Systematically managing work efficiently and effectively, including tailoring
Using soft skills like influencing, organizing, strategizing, etc.

Question 8

Project Management Office (PMO)
[Types]

Answer 8

Supportive - provides tools & resources; low control
Controlling - provides tools & resources plus training, ensures compliance; medium control
Directive - manages & assigns PMs to projects; high control

Question 9

Value Delivery Office (VDO)

Answer 9

AGILE
Coaching/mentoring role to improve agile skills in organization

Question 10

Organizational structure

Answer 10

Matrix - “two managers”; combo of two; default type for test
Functional - “silo”; within single department
Project-Oriented - “no home”; central office

Question 11

Value delivery

Answer 11

Raison d’etre for organizations
Includes value to customer, social/envt’l change, increased efficiency/productivity

Question 12

Project life cycle

Answer 12

Plan-driven - predictive, traditional/waterfall mgmt
Change-driven - adaptive, iterative/incremental/agile mgmt
Incremental: complete usable portion of project each cycle
Iterative: complete concept built in increasing levels of detail
Hybrid - plan-driven + change driven, or multi adaptive types

Question 13

Inputs and outputs

Question 14

Project manager

Answer 14

(Project role) accountable for delivering project benefits

Question 15

Organizational Project Assets

Answer 15

Process, procedures, and policies
Organizational knowledge repositories

Question 16

Enterprise Environmental Factors

Answer 16

External factors, e.g. rules/regs, location, culture, etc.

Question 17

Assumption log

Answer 17

Assumptions
Constraints

Question 18

Work Performance Data, Information, and Reports

Answer 18

WP Data - gathered during Direct and Manage Project Work process (Executing)
WP Information - produced during Monitoring and Controlling from WP Data
WP Reports - distributed to stakeholders

Question 19

Project sponsor/initiator

Answer 19

(Project role) provides financial resources for project

Question 20

Agile coach

Answer 20

(Project role) servant leader; help manage backlog

Question 21

Product owner

Answer 21

(Project role) maximizes product value for customer and ROI to company

Question 22

Product manager

Answer 22

(Project role) lead of product owners

Question 23

Project team

Answer 23

(Project role) includes PM; does work of the project; also Development Team

Question 24

Project management team

Answer 24

(Project role) training in project management

Question 25

Stakeholders

Answer 25

(Project role) impacted by project, or can +/- affect project

Question 26

Functional or resource manager

Answer 26

manage human and physical resources

Question 27

Portfolio manager

Answer 27

(Project role) manage collection of projects, programs, and operations

Question 28

Business analyst

Answer 28

(Project role) helps org better achieve goals