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

Question 55 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Match each project management concept 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?
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Correct answer: 1. Project → Temporary endeavor to create a unique deliverable 2. Program → Related projects managed together for benefits 3. Portfolio → Collection managed to achieve strategic objectives 4. Operations → Ongoing work that sustains the organization

Explanation

A project is temporary and creates something unique. A program groups related projects for coordinated benefits. A portfolio contains projects, programs, and operations aligned to strategy. Operations are ongoing activities that sustain business functions.

**Why not B:** This option assigns collection management to project and ongoing work to program, reversing two key definitions. A project is a temporary endeavor, not a collection of efforts. A program coordinates related projects, not sustains ongoing work.

**Why not C:** This option misassigns program characteristics to project and portfolio characteristics to program. A project is temporary with a unique deliverable, not a group of related projects. A portfolio is managed for strategic objectives, not sustains operations.

**Why not D:** This option reverses all four definitions. A project is not ongoing work, a program is not a collection for strategy, a portfolio is not a temporary endeavor, and operations are not related projects managed together.

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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