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

Question 77 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Layla Nair is conducting training on project management fundamentals at Paragon Projects. Match each term on the left with its correct definition on the right. Items: 1. Program 2. Portfolio 3. Project 4. Operations Which option correctly matches each item to its description?
Show answer & explanation

Correct answer: 1. Program → Related projects, subsidiary programs, and program activities managed in a coordinated way 2. Portfolio → Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives 3. Project → A temporary endeavor undertaken to create a unique product, service, or result 4. Operations → Ongoing work that sustains an organization and produces repetitive outputs

Explanation

A project is temporary and creates something unique. A program groups related projects and activities managed together for coordinated benefits. A portfolio is the highest level, grouping projects, programs, and operations aligned to strategic objectives. Operations are the ongoing, repetitive work that keeps the business running day-to-day.

**Why not A:** This option incorrectly assigns the program definition to portfolio, the portfolio definition to project, the project definition to operations, and the operations definition to program. Every single pairing is wrong, creating a complete mismatch of all four terms.

**Why not B:** This option incorrectly defines a program as a temporary endeavor (that is a project), a portfolio as ongoing repetitive work (that is operations), a project as coordinated related projects (that is a program), and operations as grouped strategic management (that is a portfolio).

**Why not D:** This option incorrectly defines a program as ongoing repetitive work (that is operations) and operations as coordinated related projects (that is a program). While portfolio and project are correctly matched, the swap between program and operations makes this option wrong.

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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