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Can you explain Program , Project and Portofolio Management from your point of view in your Organization or company?

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Question added by Saeed Saad Aziz Zaki , Project Coordination-EVA pharma-R&D building , ECE
Date Posted: 2015/09/09
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

1. 

A project is:

 

A.

A group of related projects managed in a coordinated way to obtain the benefits and control not available from managing them individually.

 

B.

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

 

C.

An organizational function performing the ongoing execution of activities that produce the same product or provide a repetitive service.

 

D.

A function of operations that focuses on sustaining business that may have a one-time configuration or ongoing processes.

 

E.

A seemingly insurmountable challenge that when approached in a systematic way makes it appear doable, if only temporarily.

 

2. 

Using project management methodology for each process area, a project manager needs to know the:

 

A.

People, equipment, processes, materials and facilities

 

B.

Information systems, and their inputs and outcomes.

 

C.

Monitoring and integration points of the systems.

 

D.

Initiatives and challenges.

 

E.

Inputs, tools, techniques and outputs.

 

3. 

Project management is:

 

A.

The centralized coordinated management of a program to achieve the program’s strategic objectives and benefits.

 

B.

The application of information systems to manage in a coordinated way a group of related projects.

 

C.

The centralized coordination of operations and programs to achieve the program’s strategic objectives and benefits.

 

D.

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

 

4. 

A matrix organization is:

 

A.

An organization where each employee has one clear superior, staff are grouped by areas of specialization, and managed by a person with expertise in that area.

 

B.

An organization structure in which the project manager has full authority to assign priorities, apply resources, and direct the work of persons assigned to the project.

 

C.

An organization structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.

 

D.

An organization structure with few or no levels of intervening management between staff and managers.

 

E.

An internal look at the external environment, requiring skilled labor to determine reality.

 

5. 

The five project management process groups are:

 

A.

Initiate, plan, control, execute, close

 

B.

Define, design, deploy, evaluate, refine

 

C.

Design, measure, analyze, improve, control

 

D.

Define, measure, destroy, design, verify

 

E.

Initiate, plan, evaluate, execute, close

 

6. 

The nine knowledge areas are:

 

A.

Scope, initiation, price, risk, communication, IT, procurement, schedule, and quality

 

B.

Procurement, integration, scope, cost, quality, time, risk, HR, and communication

 

C.

Integration, listerine, time, cost, quality, procurement, risk, HR, communication

 

D.

Integration, scope, schedule, budget, quality, IT, training, communication

 

E.

Scope, initiation, price, risk, communication, HR, procurement, schedule, and quality

 

7. 

When starting a project it is important to review which documents as apart of the inputs into initiation?

 

A.

SLA, SOW, contract and MSA

 

B.

USS enterprise environment factors, organization process assets, ADL, charter

 

C.

Contract, SOW, enterprise environmental factors, business case, organizational process assets

 

D.

Enterprise environmental factors, charter, organizational process assets, business case, project preliminary scope statement

 

E.

SLA, SOW, contract, business case and MSA

 

8. 

A charter:

 

A.

Allows everyone to understand why this project is important, how it fits within the organizational structure and authorizes the work.

 

B.

Determines whether there is an acceptable and cost-effective approach that can be found to address the business need.

 

C.

Produces a high level definition of the project deliverable requirements, product requirements, boundaries of the project methods of acceptance and high-level scope control.

 

D.

Determines the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified.

 

9. 

A stakeholder analysis:

 

A.

Produces an understanding of how the project is structured and if there is further milestones needed.

 

B.

Determines whether stakeholders feel the project is an acceptable and cost-effective approach to address the business need.

 

C.

Determines the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified.

 

D.

Produces an understanding of how best to manage individuals who have a vested interest in the outcome of the project.

 

10. 

To gain a better understanding of project management best practices, you should review:

 

A.

The PMBOK

 

B.

The PMI website

 

C.

Attend PMI chapter meetings

 

D.

None of the above - they would not be helpful.

 

E.

A, B and C may all be helpful

 

11. 

One of the most important characteristics of an effective project manager is to be able to:

 

A.

Communicate clearly and effectively with all stakeholders.

 

B.

Be able to understand and do all of the technical work required to complete the project.

 

C.

Create quality quality plans.

 

D.

Lead dynamic presentations to the customer.

 

E.

Only B and D.

 

12. 

A project management plan is:

 

A.

A formal, approved document that defines how the project will be executed, monitored and controlled.

 

B.

The aggregation of the tools and techniques needed to manage a project.

 

C.

Contains only the plans for each of the triple constraints and their baselines.

 

D.

A document that graphically depicts the project team members and their interrelationships for a specific inter relational diagram to discover root causes.

 

13. 

A project plan is:

 

A.

A formal, approved document that defines how the project will be executed, monitored and controlled.

 

B.

The aggregation of the tools and techniques needed to manage a project.

 

C.

The plans for each of the triple constraints and their baselines.

 

D.

A document that graphically depicts the project team members and their interrelationships for a specific inter relational diagram to discover root causes.

 

14. 

The most often neglected and forgotten process group is:

 

A.

Integration

 

B.

Initiation

 

C.

Close out

 

D.

HR

 

E.

Inputs

 

15. 

When creating a WBS, you should use which method:

 

A.

Top-down

 

B.

Bottom-up

 

C.

Either A or B

 

D.

None of the above-you shouldn’t be creating a WBS, just use MS Project.

 

16. 

The most common type of activity relationship is (also the default on MS Project):

 

A.

Start-to-Finish

 

B.

Finish-to-Finish

 

C.

Start-to-Start

 

D.

Finish-to Start

 

E.

Huh?

 

17. 

Relationships that are inherent in the nature of work being done and often involve physical limitations are called:

 

A.

Mandatory dependencies

 

B.

Soft dependencies

 

C.

Discretionary dependencies

 

D.

External dependencies

 

E.

Co-dependencies

 

18. 

The activities you should do to manage project risk are:

 

A.

Plan your risk plan, then identify, quantify, analyze, develop plans, monitor and control.

 

B.

Throw a bunch of money in a risk slush fund and use it as needed, then if it isn’t used, you can throw a fantastic party!

 

C.

Some projects don’t have risks, so only make plans when absolutely necessary.

 

D.

Monitor risks and when applicable mitigate, transfer, avoid, or accept risks.

 

19. 

To create excitement, on-board team members and set the expectations of the project, as a project manager you should hold a:

 

A.

Tollgate review

 

B.

A rave

 

C.

Stakeholder drive

 

D.

Kickoff party

 

E.

Kaizen

 

20. 

The cure for scope creep is:

 

A.

To clearly identify what work will be completed and what work will not be included and then follow a scope change request process.

 

B.

To clearly document the scope of work to be done and then follow the integration change process.

 

C.

Use scope frequently and invest in Proctor and Gamble.

 

D.

To be sure to communicate with the customer the scope of the project and follow the project plans.

 

E.

Take a project management self-defense course.

 

21. 

Earned value is:

 

A.

The value of work performed expressed in terms of the approved budget assigned to that work for a schedule activity.

 

B.

The authorized budget assigned to the scheduled work to be accomplished for a schedule activity.

 

C.

The value of work performed to get the maximum benefit with the minimum effort.

 

D.

The amount of good will deposited in a stakeholders emotional bank account.

 

22. 

Which focuses on the centralized management to achieve specific strategic business objectives by identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work?

 

A.

Program management

 

B.

Project management

 

C.

Portofolio management

 

D.

Division management

 

E.

Department management

 

د Waleed
by د Waleed , Management - Leadership-Business Administration-HR&Training-Customer Service/Retention -Call Center , Multi Companies Categories: Auditing -Trade -Customer service -HR-IT&Internet -Training&Consultation

1. Program is a serial of steps that helps or guides management.

2. Project is a process of works/services or programs that the management is working on.

3. Portfolio is the guidelines/standards/strategies... about work process, project and other organization's procedures .

Yiting Sun
by Yiting Sun , Sales & Projects coordinator , Proclad

Project management is manage the one project ; Program management manage a group of projects together to achieve the internal and external stakeholder goal; Portfolio management aim to achieve the organization goal to manage the projects .

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