2- Foundational Elements

A unique combination of one or more products, services, or results, is known as what?

A project

Operations

Program management

A process

The number of process iterations and interactions between processes depends on what?

It varies based on the needs of the project.

It depends on the number of outputs from a process.

There are no iterations as processes only occur one time.

Process iterations and interactions never change and are always the same on every project.

According to the PMBOK® Guide, what is the correct sequence of execution for the five project management process groups?

Initiating, Planning, Executing, Monitoring & Controlling, and Closing

Initiating, Executing, Planning, Monitoring & Controlling, and Closing

Planning, Initiating, Monitoring & Controlling, Executing and Closing

Planning, Initiating, Monitoring and Controlling, Executing, and Closing

Kevin is managing a three-year telecommunications project. At the end of the three years, who will determine whether the project is successful or not?

The key stakeholders and the project manager.

Project sponsor

Project manager

Senior management

Net present value (NPV), return on investment (ROI), and benefit-cost ratio (BCR) are techniques used to, do what?

Measure project success.

Determine risks for a project.

Identify a project phase.

Identify which projects should be in program management.

The project benefits management plan describes what?

How and when the specified benefits of the project will be delivered and how to measure the benefits.

The five basic benefits for project success.

The project benefits management plan does not exist.

The contents of the project scope statement.

The raw observations and measurements that are identified from project activities known as?

Work performance data.

Work performance information.

Project management processes.

Project observations and measurements.

What document describes how and when the benefits of the project will be delivered and provides ways to measure those benefits?

Project benefits management plan

The project charter

The project management plan

The project scope statement

Which of the following terms describes any unique and verifiable product or result?

Deliverable

Project

Process

Phase

A portfolio is defined as?

Projects, programs, and operations

Only operations related work and no projects.

Projects that are grouped together based on their associated costs of over $500,000 USD.

Related projects and subsidiary programs.

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