Portfolio and Operations Management Quiz

A project is temporary with a definite beginning and ending, while operations are ongoing and repetitive.

Project management is the application of knowledge, skills, tools, and techniques to satisfy project requirements.

A program is a group of related projects managed together to obtain benefits and control, while a project is a standalone temporary endeavor.

<p>Portfolio management aims to align projects and programs with an organization's strategic objectives.</p> Signup and view all the answers

<p>Managing projects as part of a program can provide added value and benefits that may not be achievable when managing them individually.</p> Signup and view all the answers

<p>Key activities in project management include preparing a business case, estimating resources, developing a management plan, leading the project team, managing risks, monitoring progress, and closing the project.</p> Signup and view all the answers

<p>Project life cycle, project management tools and techniques, processes and actors in project management, project stakeholders, project initiation, project planning, project execution, project monitoring and controlling, project closing</p> Signup and view all the answers

<p>Waterfall methodology, Agile methodology, PRINCE 2 methodology, PMBOK methodology</p> Signup and view all the answers

<p>Resource bottlenecks, scope creep bottlenecks, communication bottlenecks, technical bottlenecks, risk-related bottlenecks</p> Signup and view all the answers

<p>Project management software, project communication tools, collaboration and file sharing tools</p> Signup and view all the answers

<p>Arrive on time, avoid flimsy excuses, refrain from using cell phones and laptops unless instructed, no eating or drinking in class, no restroom breaks during class, avoid rushing to the back rows</p> Signup and view all the answers

<p>‘’Principles and Practice of Project Management’’ by Bayo Adeola</p> Signup and view all the answers

<p>Portfolio management focuses on achieving strategic objectives through a collection of projects, programs, and subsidiary portfolios, while operations management deals with the ongoing production of goods and services.</p> Signup and view all the answers

<p>Projects, programs, and subsidiary portfolios are all components of a portfolio managed as a group to achieve strategic objectives.</p> Signup and view all the answers

<p>Operations in operations management involve the day-to-day functions such as sales, marketing, finance, accounting, human resources, and IT.</p> Signup and view all the answers

<p>Portfolio management involves managing a collection of projects, programs, and subsidiary portfolios to achieve strategic objectives, while project management focuses on the management of individual projects.</p> Signup and view all the answers

<p>The overarching goal of portfolio management is to achieve strategic objectives through the coordinated management of projects, programs, and subsidiary portfolios.</p> Signup and view all the answers