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Q:

Project Management - Introduction

What is Portfolio Management?

Answer

A Portfolio is a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.

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Subject: PMP Certification

Q:

Project Management - Introduction

What is program Management?

Answer

A program is a group of related projects managed in a coordinated way to obtain benefits and  control  not available from managing them individually. Programs may include elements of related work outside of the scope of the discrete projects in the program.


For example:


A New car model program can be broken up into projects  for the design and upgrades of each major component (transmission, engine, interior, exterior) while the ongoing manufacturing occurs on the assembly line

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Subject: PMP Certification

Q:

Project Management - Introduction

What is Project Management?

Answer

Project Management is the application of Knowledge, skills, tools and techniques to project activities to meet project requirements. Project Management is accomplished through the application and integraton of the project management processes of  initiating, planning, executing, monitoring and controlling , closing.

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Subject: PMP Certification

Q:

Project Management - Introduction

What is a Project? What are its Characteristics?

Answer

A Project is a temporary endeavour undertaken to create a unique product, service or result.


Characteristics:


1.Temporary 


    Temporary means that every project has a definite beginning and a definite end.


2. Unique Products, Services or Results


   Uniqueness is an important characteristic of project deliverables. For example, many thousands of office buildings have been developed, but each individual facility is unique - different owner, different design, different location, different contractors, and so on.


3. Progressive Elaboration


   Progressive elaboration means developing in steps, and continuing by increments . For example, the project scope will be broadly described early in the project and made more explicit and detailed as the project team develops a better and more complete understanding of the objectives and deliverables.

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Subject: PMP Certification

Q:

India was ranked at which of the following position out of 132 countries on the social progress index (SPI) 2014?

A) 92 B) 98
C) 102 D) 104
 
Answer & Explanation Answer: C) 102

Explanation:
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Filed Under: General Awareness

Q:

RBI has extended the timeline for full implementation of the Basel III capital regulations to which of the following date instead of 31 March, 2018?

A) 31 Jan, 2019 B) 31 Dec, 2018
C) 31 Mar, 2019 D) 1 Oct, 2018
 
Answer & Explanation Answer: C) 31 Mar, 2019

Explanation:
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Filed Under: General Awareness

Q:

Which of the following companies has received the Most Efficient Navratna Award for the year 2013?

A) GAIL B) SAIL
C) HAL D) BEL
 
Answer & Explanation Answer: C) HAL

Explanation:
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Filed Under: General Awareness

Q:

Which of the following will be the venue of the World Athletic Championship to be organized in 2017?

A) Tokyo B) Paris
C) New York D) London
 
Answer & Explanation Answer: D) London

Explanation:
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Filed Under: General Awareness