Pmbok chapter 5 - Study guides, Class notes & Summaries

CompTIA Project+: Chapter 1 - Initiating the Project Questions and Answers Project - Correct Answer️️ -A temporary endeavor that has a definite beginning and ending dates, and it results in a unique product, service, or result. Program - Correct Answer️️ -A group of related projects that are managed together using coordinated processes and techniques. Portfolios - Correct Answer️️ -Collections of programs, sub portfolios, and projects that support strategic business goals or o...

Comptia Project+ Study Guide: Exam PK0-004, Chapter 1 Questions and Answers 100% Pass Project - Correct Answer️️ -A temporary endeavor that has a definite beginning and ending dates, and it results in a unique product, service, or result. Program - Correct Answer️️ -A group of related projects that are managed together using coordinated processes and techniques. Portfolios - Correct Answer️️ -Collections of programs, sub portfolios, and projects that support strategic busines...

A Guide to the Project Management Body of Knowledge (PMBOK Guide) - ANSWER-The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exam are based on this book. Application Areas - ANSWER-The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing. Business Value - ANSWER-A quantifiable return on investment. The return can be tangible, such as equ...

Contemporary Project Management, 3e Kloppenborg TB Contemporary Project Management, 3e Kloppenborg TestBank Completed correctly Contemporary Project Management, 3e Kloppenborg TB© 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Chapter 1 - Introduction to Project Management TRUE/FAL...

Questions BANK with accurate answers. PMP. 100% Verified. Rated A What is the earned value name for "How much you have spent to date?" - Actual Cost What are direct costs? - Costs incurred directly by the project What are fixed costs? - Costs that do not change with project activity What is a Management Reserve - An amount of time or money set aside to cover unforeseen risks What is the Cost Variance formula? How do you interpret the result? - CV = EV - AC Negative = over bud...

Summary of PMBOK 6TH EDITION with complete solutions. 1 Contents Chapter 1 (Introduction) ........................................................................................................1 Chapter 2 (Environment in Which Projects Operate) ............................................................6 Chapter 4 (Project Integration Management)........................................................................9 Develop Project Charter (Initiating Process Group) .....................

INST335 Exam 2 Review, With Complete Solution What are the four project life-cycle phases? The four phases are as follows: Initiation - This is when the project's brief description and other aspects are laid out and a determination of the solution's viability is made. Planning - This is where the project solution is further developed in as much detail as possible and the steps necessary to meet the project's objective are planned. Implementation - This is where the project plan is laid...

Chapter 4: Organizing and Staffing the Project Office and Team PMBOK® Guide Sixth Edition knowledge area Project Resource Management, and chapters 1 through 3. 1. List at least eight personal characteristics or skills a project manager should possess to be successful in managing a project team and achieving project objectives. Eight of any of the following: ● Honesty and integrity ● Understanding of personnel problems ● Understanding of project technology ● Business managemen...

Chapter 4: Organizing and Staffing the Project Office and Team PMBOK® Guide Sixth Edition knowledge area Project Resource Management, and chapters 1 through 3. 1. List at least eight personal characteristics or skills a project manager should possess to be successful in managing a project team and achieving project objectives. Eight of any of the following: ● Honesty and integrity ● Understanding of personnel problems ● Understanding of project technology ● Business managemen...

What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? What is the triple constraint? a. Answer: - A project is “a temporary endeavor undertaken to create a unique product, service, or result” (PMBOK Guide, 2008, p. 5). In addition to being temporary and unique, other attributes of projects are that they are developed using progressive elaboration, require resources from various areas, should have a primary cust...