Question: You are hired to manage a large construction project for a hierarchical organization. The project involves significant procurement …

Project Management Terminology

Baseline. The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.

Identify Stakeholders. The process of identifying project stakeholders regularly and analyzing and documenting relevant information regarding their interests, involvement, interdependencies, influence, and potential impact on project success.

Common Acronyms

EVM (english) : Earned Value Management

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Question to a Project Management Professional

Question Select the best option
You are hired to manage a large construction project for a hierarchical organization. The project involves significant procurement and is of great importance for your career. In such circumstances, what is the best thing you should do to develop the project charter?
  1. Include all the requirements provided by stakeholders.
  2. Have the sponsor sign the charter.
  3. Involve as many experts and stakeholders as possible.
  4. Involve stakeholders from the senior management team to ensure their inputs is considered.
Answer & Explanation
Right answer
  1. Include all the requirements provided by stakeholders.
  2. Have the sponsor sign the charter.
  3. Involve as many experts and stakeholders as possible.
  4. Involve stakeholders from the senior management team to ensure their inputs is considered.

Explanation : Organizational cultures have a direct influence on the project. Implementing a participative style may be difficult in a rigidly hierarchical organization.

See also PMBOK® Guide – Sixth Edition: Sec. 4.1

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  • Reason 1: Better opportunities for attractive positions
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  • Reason 4: Knowledge and ability up to date
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