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PMP Framework
Chapter 1-2-3 PMBOK 4th Ed
| Question | Answer |
|---|---|
| What is Project | A project is a temporary endeavor undertaken to create a unique product, service or result. A temporary nature of project indicate a definite beginning and end. |
| What is Project Management? | Project Management is the application of knowledge, skills, tools, and techniques to meet the project requirements. |
| What are project Management process groups? | 1-Initiatng 2-Planning 3-Execution 4-Monitoring and controlling 5-Closing |
| Give some project constraints example? | 1-Scope 2-Quality 3-Scheduling 4-Budget 5-Resources 6-Risk |
| Is project management is iterative process? | Project Management plan is iterative and goes through progressive elaboration through out the project's life cycle. |
| What is progressive elaboration? | Progressive Elaboration allows a project management team to manage to a greater level of details as the project evolves. |
| What is Portfolio Management | A portfolio refers to a collection of projects or program and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. |
| Describe Portfolio Management in more detail? | Portfolio management refers to the centralized management of one or more portfolio which includes: Identifying, prioritizing, authorizing, managing and controlling. projects, program and other related work achieve specific strategic business objective. |
Created by:
hanifm
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