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

Question 32 of 95 in Demonstrate an understanding of the various project life cycles and processes

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Match each term on the left with its correct definition 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 → 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 is repetitive in nature

Explanation

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

**Why not A:** This option assigns the portfolio definition to project, the operations definition to program, the project definition to portfolio, and the program definition to operations. All four pairings are incorrect — every term is matched to the wrong definition.

**Why not B:** This option assigns the operations definition to project and the project definition to operations. While program and portfolio are correctly matched, swapping project and operations makes this option wrong since a project is temporary (not ongoing) and operations are ongoing (not temporary).

**Why not C:** This option assigns the program definition to project and the portfolio definition to program. It also assigns the operations definition to portfolio and the project definition to operations. All four pairings are mismatched.

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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