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

Question 81 of 95 in Demonstrate an understanding of the various project life cycles and processes

Halima Fujimoto is explaining organizational structures to her team at Vector Aerospace. Match each organizational level with its correct description. 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 operational work managed as a group to achieve strategic objectives 4. Operations → Ongoing work that sustains the business and is repetitive in nature

Explanation

These definitions represent the fundamental organizational structures in project management. A project is temporary and creates something unique. A program groups related projects to gain coordinated benefits. A portfolio aligns projects, programs, and operations to strategic business objectives. Operations are the ongoing, repetitive activities that keep the business running.

**Why not A:** This option assigns operations (ongoing repetitive work) to project and project (temporary unique endeavor) to operations, reversing these two fundamental definitions. While program and portfolio are correctly matched, the project/operations swap makes this option wrong.

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

**Why not C:** This option assigns program to project, portfolio to program, operations to portfolio, and project to operations. All four pairings are mismatched, with each definition assigned to the wrong organizational level.

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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