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Test Your Knowledge of Project Portfolio Management and Software Options

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Test Your Knowledge of Project Portfolio Management and Software Options

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Questions and Answers

What is the main purpose of project portfolio management?

To make decisions only about high-priority projects

To evaluate project selection in isolation

To collect and manage information about all projects (correct)

To allocate unlimited resources for all IT projects

Which software options are mentioned for project portfolio management?

QuickBooks and Xero

Adobe Photoshop and Illustrator

ProSight and Project.net (correct)

Microsoft Excel and Google Sheets

What are some ways to classify projects?

Color, shape, and texture

Size, cost, and purpose (correct)

Height, weight, and shoe size

Age, gender, and nationality

What is the role of project managers in project portfolio management?

To coordinate and control all projects Signup and view all the answers

What does SDLC stand for?

System Development Life Cycle Signup and view all the answers

Which project methodology options are mentioned?

Waterfall and V-model Signup and view all the answers

What is the special feature of RAD methodology?

It incorporates special techniques and tools to get a portion of the system developed quickly Signup and view all the answers

Study Notes

Organizations have limited resources for multiple IT projects.
Project portfolio management is critical for success.
Primavera systems’ ProSight and Project.net are software options.
Project selection should be evaluated in the context of the entire portfolio.
Ways to classify projects include size, cost, purpose, length, risk, scope, and economic value.
Project portfolio management software collects and manages information about all projects.
Project managers make decisions and coordinate and control the project.
The SDLC provides the foundation for implementing an information system.
Waterfall, V-model, and RAD are project methodology options.
RAD incorporates special techniques and tools to get a portion of the system developed quickly.

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Description

Test your knowledge of project portfolio management with this quiz! Learn about software options, project selection strategies, and classification methods. Explore the role of project managers and project methodologies such as SDLC, Waterfall, V-model, and RAD. Whether you're an IT professional or simply interested in project management, this quiz will challenge your understanding of these important concepts. Don't miss out on this opportunity to expand your knowledge!