Product Life Cycle Phases Quiz
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Questions and Answers

What is the end result or consequence of a process or a project in project management?

  • Operation
  • Deliverable
  • Benefit
  • Outcome (correct)
  • In project management, which component creates the deliverables used to produce outcomes?

  • Programs
  • Portfolios
  • Projects (correct)
  • Operations
  • What are gains realized by an organization as a result of project outcomes in project management?

  • Outcomes
  • Processes
  • Benefits (correct)
  • Deliverables
  • Which part of an organization's environment is subject to policies, procedures, and governance structures in project management?

    <p>Internal Environment</p> Signup and view all the answers

    What does focusing on outcomes, choices, and decisions emphasize in project management?

    <p>Long-range performance</p> Signup and view all the answers

    Which component in a value delivery system is responsible for creating deliverables used to produce outcomes in project management?

    <p>Operations</p> Signup and view all the answers

    What does the approach of 'Project management within a product life cycle' oversee?

    <p>Development and maturing of product capabilities</p> Signup and view all the answers

    In a very large or long-running product, what may be complex enough to merit a set of programs and projects working together?

    <p>One or more product life cycle phases</p> Signup and view all the answers

    What does the 'Product management within a program' approach apply within the purview and boundaries of a given program?

    <p>The full product life cycle</p> Signup and view all the answers

    Which component in product management incorporates related projects, subsidiary programs, and program activities?

    <p>Program management within a product life cycle</p> Signup and view all the answers

    What does the 'Portfolio governance' charter individual projects to do?

    <p>Enhancements and improvements</p> Signup and view all the answers

    In project management, what may be chartered by portfolio governance to perform enhancements or produce unique outcomes?

    <p>Projects only</p> Signup and view all the answers

    What is the main purpose of creating a new product, service, or result in project management?

    <p>Meeting the needs of customers and end users</p> Signup and view all the answers

    How do portfolios, programs, and projects together create value in project management?

    <p>By aligning with the organization's strategy</p> Signup and view all the answers

    How can operations contribute to the delivery of value in project management?

    <p>By directly supporting and influencing portfolios, programs, and projects</p> Signup and view all the answers

    What role do stand-alone projects play in the system for delivering value?

    <p>They can be independent of portfolios or programs</p> Signup and view all the answers

    In project management, what do portfolios, programs, and projects influence besides each other?

    <p>Other business functions like supply chain management</p> Signup and view all the answers

    What is one of the key aspects involved in creating positive social or environmental contributions through projects?

    <p>Improving efficiency and effectiveness</p> Signup and view all the answers

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