Framework Project Concept Source – PMBOK®– 2008 Edition Project Management Professional Project Management Professional (P M P)

Framework Project Concept Source – PMBOK®– 2008 Edition The Question What is the definition of a project?

Framework Project Concept Source – PMBOK®– 2008 Edition A project is a temporary endeavor undertaken to create a unique product, service, or result.  Temporary  Unique  Progressively elaborated The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition The Question what is the definition of a Program?

Framework Project Concept Source – PMBOK®– 2008 Edition A program is defined as a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a product life cycle? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition The cycle of a product's life from conception to withdrawal The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a project life cycle? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition The Phases of a Project’s life from conception to withdrawal The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition The Question

Framework Project Concept Source – PMBOK®– 2008 Edition  Initiating  Planning  Executing  Monitoring and Controlling  Closing The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a project management office? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition A project management office (PMO) is an organizational unit to centralize and coordinate the management of projects under its domain. The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is Portfolio Management? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition A portfolio refers to a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What are the components of the "triple constraint"? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition  Cost  Time  Scope The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is Project management ? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition Who are stakeholders? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition Anyone whose interests may be positively or negatively impacted by the project, including:  Project manager  Customer  Sponsor  Performing organization  Team  Funding sources  End user  Society  PMO The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What should we do with stakeholders? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition  Identify all stakeholders  Determine all of their requirements  Determine all of their expectations  Communicate with them  Manage their influence The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What are three primary forms of organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition  Functional  Projectized  Matrix The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a functional organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition The company is grouped by areas of specialization (accounting, marketing) The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a projectized organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition The company is grouped by project. The team has no department to go to at project end. The project manager has total control of the resources. The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a matrix organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition A blend of functional and projectized organization where the team members have two bosses The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a strong matrix organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition A matrix organization where the balance of power rests with the project manager instead of the functional manager The Answer

Framework Project Concept Source – PMBOK®– 2008 Edition What is a weak matrix organization? The Question

Framework Project Concept Source – PMBOK®– 2008 Edition A weak matrix organization where the balance of power rests with the functional manager instead of the project manager. Project management roles include:  Project expediter  Project coordinator The Answer