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 (D)</p>
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What does focusing on outcomes, choices, and decisions emphasize in project management?

<p>Long-range performance (B)</p>
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Which component in a value delivery system is responsible for creating deliverables used to produce outcomes in project management?

<p>Operations (A)</p>
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What does the approach of 'Project management within a product life cycle' oversee?

<p>Development and maturing of product capabilities (D)</p>
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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 (B)</p>
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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 (C)</p>
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Which component in product management incorporates related projects, subsidiary programs, and program activities?

<p>Program management within a product life cycle (A)</p>
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What does the 'Portfolio governance' charter individual projects to do?

<p>Enhancements and improvements (D)</p>
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In project management, what may be chartered by portfolio governance to perform enhancements or produce unique outcomes?

<p>Projects only (D)</p>
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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 (B)</p>
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How do portfolios, programs, and projects together create value in project management?

<p>By aligning with the organization's strategy (A)</p>
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How can operations contribute to the delivery of value in project management?

<p>By directly supporting and influencing portfolios, programs, and projects (A)</p>
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What role do stand-alone projects play in the system for delivering value?

<p>They can be independent of portfolios or programs (C)</p>
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In project management, what do portfolios, programs, and projects influence besides each other?

<p>Other business functions like supply chain management (C)</p>
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What is one of the key aspects involved in creating positive social or environmental contributions through projects?

<p>Improving efficiency and effectiveness (A)</p>
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Flashcards

What is an outcome?

The end result or consequence of a process or a project.

What are projects?

The component that creates the deliverables used to produce outcomes.

What are benefits?

Gains realized by an organization as a result of project outcomes.

What is the Internal Environment?

The part of an organization's environment subject to policies and governance structures.

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Focus on outcomes, choices, and decisions

Emphasizes long-range performance in project management.

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What are Operations?

Responsible for creating deliverables used to produce outcomes.

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Project management within product life cycle

Oversees the development and maturing of product capabilities.

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Product management within a program

The full product life cycle is applied within a given program's boundaries.

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Portfolio governance

Charters individual projects to produce enhancements and improvements.

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Purpose of new product creation

Meeting the needs of customers and end users.

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Value creation: portfolios, programs, and projects

By aligning with the organization's strategy.

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Stand-alone projects

They can be independent of portfolios or programs.

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Key aspects of positive contributions

Improving efficiency and effectiveness.

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