+360-Questions-and-Answers-For-PMBOK-Guide-SIXTH -Edition

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PMBOK® Guide, page 11 , Section1.2.3- 1

ProgramManagement

Aprogramisdefinedasagroup ofrelatedprojects,subsidiaryprograms,andprogramactivities
managedinacoordinatedmannertoobtainbenefitsnotavailablefrommanagingthemindividually.
Programsarenotlargeprojects.

6.Answer: D.

PMBOK® Guide, page 11 - 13 , Section1.2.3- 1

Relationship between Project Management, Operations Management, and
OrganizationalStrategy

Operationsmanagementisresponsibleforoverseeing,directing,andcontrollingbusiness operations.
Operationsevolvetosupporttheday-to-daybusiness,andarenecessarytoachieve strategicand
tacticalgoalsofthebusiness.Examplesincludeproductionoperations,manufacturing operations,
accountingoperations,softwaresupport,andmaintenance.

Though temporaryin nature,projectscan helpachieve theorganizational goalswhen they are
alignedwiththeorganization’sstrategy.Organizationssometimeschangetheiroperations,products,
orsystemsbycreatingstrategicbusinessinitiativesthataredevelopedandimplementedthrough
projects.Projects requireproject management activities and skillsets, whileoperations require
businessprocessmanagement,operationsmanagementactivities,andskillsets.

Operations and Project Management

Changes inbusiness operationsmay be the focusofa dedicatedproject-especially if there are
substantialchangestobusinessoperationsasaresultofanewproductorservicedelivery.Ongoing
operationsareoutsideofthescopeofaproject;however,thereareintersectingpointswherethe
twoareascross.

Projects can intersect with operations at various points during the product life cycle, suchas:

 At each closeout phase;

 When developing a new product, upgrading a product, or expandingoutputs;

 While improving operations or the product development process;or

 Until the end of the product life cycle.

7.Answer:D.

PMBOK® Guide, page 15 , Section1.2.3.3

Portfoliomanagementalignscomponents(projects,programs,oroperations)totheorganizational
strategy,organizedintoportfoliosorsubsidiaryportfoliostooptimizeprojectorprogramobjectives,
dependencies,costs,timelines,benefits,resources,andrisks.Thisallowsorganizationstohavean
overallviewofhowthestrategicgoalsarereflectedintheportfolio,instituteappropriate governance
management, and authorizehuman, financial,or material resourcesto be allocated based on
expectedperformanceandbenefits.