PMP

Chapter 1

Project Definition

Q: What is a project?

A: A temporary endeavor undertaken to create a unique product, service, or result.

Project vs. Operations

Q: What is the key difference between a project and operations?

A: Projects are temporary with specific goals, while operations are ongoing and repetitive activities.

Project Management Definition

Q: What is project management?

A: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

12 Principles of Project Management

Q: Name three of the 12 principles of project management.

A: Examples:

1. Stewardship

2. Value

3. Systems Thinking

4. Leadership

5. Tailoring

6. Quality

Stewardship Principle

Q: What does the stewardship principle emphasize?

A:The responsible management of project resources and stakeholder relationships.

Systems Thinking Principle

Q: What is systems thinking in project management?

A: holistic approach that considers the project as part of a larger system, focusing on interrelationships and interactions among components.

8 Performance Domains

Q: Name three of the 8 performance domains.

A: Examples:

1. Stakeholder

2. Team

3. Planning

4. Delivery

5. Measurement

6. Uncertainty

Stakeholder Performance Domain

Q: What is the focus of the stakeholder performance domain?

A: Engaging stakeholders effectively and ensuring their needs and expectations are met.

Tailoring

Q: What is tailoring in project management?

A: Adapting processes, tools, and techniques to fit the specific needs of the project, team, and organization.

Business Documents

Q: Name two key business documents used in project management.

A:

1. Business Case

2. Benefits Management Plan

Business Case

Q: What is the purpose of a business case?

A: To justify the project by outlining its benefits, costs, and alignment with organizational goals.

Benefits Management Plan

Q: What is the purpose of a benefits management plan?

A: To define how project benefits will be delivered, measured, and sustained.

Role of the Project Manager

Q: What is the primary role of a project manager?

A: To lead the team, manage stakeholders, and ensure the project delivers value.

Value Delivery System

Q: What is the value delivery system?

A: A system that includes portfolios, programs, and projects to deliver value to organizations and stakeholders.

Portfolios, Programs, and Projects

Q: How do portfolios, programs, and projects differ?

A:

• Portfolios: Collections of programs and projects aligned with strategic goals.

• Programs: Groups of related projects managed together.

• Projects: Temporary endeavors with unique outcomes.

Project Management and Organizational Strategy

Q: How do projects align with organizational strategy?

A: Projects are a means of achieving strategic objectives and delivering value to the organization.

Uncertainty Performance Domain

Q: What is the focus of the uncertainty performance domain?

A: Identifying, assessing, and managing risks and uncertainties throughout the project.

Leadership Principle

Q: What does the leadership principle emphasize?

A: Demonstrating leadership by inspiring and guiding the team to achieve project goals.

Team Performance Domain

Q: What is the focus of the team performance domain?

A: Building and managing a high-performing team to achieve project objectives.

Delivery Performance Domain

Q: What is the focus of the delivery performance domain?

A: Ensuring the project delivers the intended outcomes and benefits.

Measurement Performance Domain

Q: What is the focus of the measurement performance domain?

A: Tracking and evaluating project performance to ensure it meets objectives.

Adaptability and Resiliency Principle

Q: What does the adaptability and resiliency principle emphasize?

A: Being flexible and resilient in responding to changes and challenges during the project.

Complexity Principle

Q: What does the complexity principle emphasize?

A: Recognizing and managing the complexity of the project environment.

Change Management Principle

Q: What does the change management principle emphasize?

A: Effectively managing changes to ensure project success.

Quality Principle

Q: What does the quality principle emphasize?

A: Delivering results that meet stakeholder requirements and expectations.

Planning Performance Domain

Q: What is the focus of the planning performance domain?

A: Developing and maintaining a project management plan to guide project execution.

Development Approach and Life Cycle Performance Domain

Q: What is the focus of the development approach and life cycle performance domain?

A: Selecting and managing the project life cycle and development approach (e.g., predictive, agile, hybrid).

 Project Work Performance Domain

Q: What is the focus of the project work performance domain?

A: Executing the project work to produce deliverables and achieve objectives.

Stakeholder Engagement

Q: What is the key to effective stakeholder engagement?

A: Understanding stakeholder needs, expectations, and influence, and actively involving them in the project.

Value Focus

Q: What is the ultimate goal of project management?

A: To deliver value to stakeholders and the organization.