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

Question 28 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Mila Dlamini at Dawnbreak Software is training new team members on organizational structures. Match each term on the left with its correct description on the right. Items: 1. Project 2. Program 3. Portfolio 4. Operations Which option correctly matches each item to its description?
Show answer & explanation

Correct answer: 1. Project → A temporary endeavor undertaken to create a unique product, service, or result 2. Program → A group of related projects managed together to obtain benefits not available from managing them individually 3. Portfolio → A collection of projects, programs, and operations managed as a group to achieve strategic objectives 4. Operations → Ongoing work that sustains the organization and produces repetitive outputs

Explanation

A project is temporary and unique. A program groups related projects for coordinated benefits. A portfolio manages all organizational initiatives to achieve strategic goals. Operations are ongoing activities that sustain the business.

**Why not A:** This option incorrectly assigns the project definition to a portfolio (collection of initiatives), the program definition to operations (ongoing work), the portfolio definition to a project (temporary endeavor), and operations to a program (related projects). Every pairing is scrambled.

**Why not B:** This option incorrectly assigns the project definition to operations (ongoing work) and operations to a project definition (temporary endeavor). While program and portfolio are correctly matched, swapping project and operations demonstrates a fundamental misunderstanding of the core distinction between temporary and ongoing work.

**Why not D:** This option incorrectly assigns the project definition to a program (related projects managed together), the program to a portfolio (collection of all initiatives), the portfolio to operations (ongoing work), and operations to a project (temporary endeavor). All four definitions are shifted to the wrong terms.

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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