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CAPM Practice: Demonstrate an understanding of the various project life cycles and processes

Question 10 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Zoran Jeong is explaining project management concepts to new team members at Wavelength Biotech. Match each term on the left with its correct definition on the right. Items: 1. Program 2. Portfolio 3. Predictive approach 4. Adaptive approach Which option correctly matches each item to its description?
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Correct answer: 1. Program → Related projects managed together to obtain benefits not available from managing them individually 2. Portfolio → Projects grouped together to optimize resources and align with strategic objectives 3. Predictive approach → A development approach with defined scope, schedule, and cost determined early in the life cycle 4. Adaptive approach → An iterative approach that welcomes changing requirements throughout the project

Explanation

A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. A portfolio is a collection of projects, programs, and operations managed as a group to achieve strategic objectives. Predictive (or plan-driven) approaches determine scope, time, and cost early with changes carefully managed. Adaptive (or change-driven) approaches use iterative cycles and welcome changing requirements even late in development.

**Why not B:** This option assigns the program definition to a development approach and the portfolio definition to an iterative approach, completely confusing organizational structures with delivery methodologies. Programs and portfolios are organizational groupings, not development approaches.

**Why not C:** This option incorrectly defines a program as an iterative approach and assigns the adaptive approach definition to related projects managed together. It mixes organizational hierarchy concepts with delivery methodology concepts in every pairing.

**Why not D:** This option assigns the portfolio definition to programs and the predictive approach definition to portfolios, while swapping the adaptive and program definitions. None of the four matches correctly pair the term with its actual definition.

Key Concept

This question covers Demonstrate an understanding of the various project life cycles and processes under Demonstrate an understanding of the various project life cycles and processes (Project Management Fundamentals and Core Concepts).

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