What is the primary focus of the PMBOK Guide 7th Edition?

; The primary focus of the

PMBOK Guide 7th Edition is on project management principles.
What do principles serve as?; foundational guidelines for strategy, decision
making, and problem solving.
What are professional standards and methodologies often based on?; Principles
What do principles for project management provide guidance for?; the behavior of
people involved in projects
What does PMI Code of Ethics and Professional Conduct reflect?; Principles
What is a code of ethics related to?; Morals
How many values is PMI based on?; Four
What are the areas of overlap between project management principles and general
management principles?; Principles of project management can also have areas of
overlap with general management principles
What are the principles of general management?; General Management Principles
What is the first principle mentioned?; Be a diligent, respectful, and caring
steward
What is the second principle mentioned?; Create a collaborative project team
environment
What is the third principle mentioned?; Effectively engage with stakeholders
What is the fourth principle mentioned?; Focus on value
What is the fifth principle mentioned?; Recognize, evaluate, and respond to system
interactions
What is the sixth principle mentioned?; Demonstrate leadership behaviors
What is the seventh principle?; Tailor based on context
What is the eighth principle?; Build quality into processes and deliverables
What is the ninth principle?; Navigate complexity
What is the tenth principle?; Optimize risk responses
What is the eleventh principle?; Embrace adaptability and resiliency
What is the twelfth principle?; Enable change to achieve the envisioned future
state
What is the definition of stewardship?; The act of taking care of or managing
something, for example property, an organization, money or valuable objects
What do stewards act sensibly to carry out?; Actions with integrity, care, and
trustworthiness while keeping compliance with internal and external guidelines
What do stewards demonstrate a broad commitment to?; Financial, social, and
environmental impacts of the projects they support
Where do the responsibilities of stewardship lie?; Both within and external to the
company
What does stewardship include?; Integrity, care, trustworthiness, compliance
What facilitates alignment with other organizational cultures and guidelines?;
Collaborative project team environment
What are project teams made up of?; People with diverse skills, knowledge, and
experience
What does a collaborative project team environment facilitate?; Individual and team
learning and development, and optimal contributions to deliver desired outcomes
What will project teams be affected by?; Team agreements
What do team agreements represent?; A set of behavioral parameters and
organizational structures
What do project teams use, tailor, and implement?; Structures that help processes
What do project teams define to enable completion of tasks and work assignments?;
Processes
How can transparency on roles and responsibilities improve team cultures?;
Transparency on roles and responsibilities can improve team cultures by creating a
collaborative environment and promoting the free exchange of information and
individual knowledge.
What is authority in the context of project management?; Authority in project
management refers to the right, within a given context, to make relevant decisions,
establish or improve procedures, apply project resources, expend funds, or give
approvals.
What is accountability in project management?; Accountability in project management
refers to the condition of being answerable for an outcome, and it is not shared.
How is responsibility defined in the context of project management?; Responsibility
in project management refers to the condition of being obligated to do or fulfill
something, and it can be shared.
What is the importance of engaging with stakeholders in a project?; Engaging
stakeholders proactively and to the point needed to contribute to project success
and customer satisfaction.
How do stakeholders impact projects, performance, and outcomes?; Stakeholders
impact projects, performance, and outcomes.
How can stakeholder engagement proactively improve value delivery?; Stakeholder
engagement proactively improves value delivery.
What aspects of a project can stakeholders affect?; Scope/requirements, schedule,
cost, project team, plans, outcomes, culture, benefits realization, risk, quality,
success
What are some of the skills required to proactively engage with stakeholders?;
Interpersonal skills, including taking initiative, integrity, honesty,
collaboration, respect, empathy, and confidence
Why is it important for project teams to engage with stakeholders throughout the
project?; To minimize potential negative impacts and maximize positive impacts
What is the ultimate indicator of project success?; Value
How can value be realized throughout the project?; Value can be realized throughout
the project, at the end of the project, or after the project is complete.
How can value and benefits be defined?; Value, and the benefits that contribute to
value, can be defined in quantitative and/or qualitative terms.
What does a focus on outcomes allow project teams to do?; Support the intended
benefits that lead to value creation.
What do project teams do to maximize expected value?; Evaluate progress and adapt
to maximize the expected value.
What is the ultimate success indicator and driver of projects?; Includes outcomes
from the perspective of the customer or end user
What are the supporting and interrelated elements of a business case?; Business
need, Project justification, Business strategy
What is value in the context of project management?; Value is the worth,
importance, or usefulness of something. It is subjective and can have different
values for different people and organizations.
How can project teams support value realization from projects?; Project teams shift
focus from deliverables to the intended outcomes.
What does shifting focus from deliverables to intended outcomes allow project teams
to do?; Deliver on the vision or purpose of the project, rather than simply
creating a specific deliverable.
What is a system in the context of project management?; A set of interacting and
interdependent components that function as a unified whole.
What should project teams acknowledge about a project?; a holistic view of the
project as a system with its own working parts
How does systems thinking apply to the project team?; applies to how the project
team views itself and its interactions within the project system
What does the project system bring together?; a diverse project team engaged in
working for a common objective
What should project teams recognize, evaluate, and respond to?; system interactions
What should be demonstrated to support individual and team needs?; leadership
behaviors
What is the difference between leadership and authority?; Authority is the right to
exercise power and control individuals, while leadership motivates people toward a
common goal and inspires collective effort.
What skills or techniques can team members practice to develop leadership wisdom?;
Focusing a project team around agreed goals, articulating a motivating vision for
the project, generating consensus on the best way forward, overcoming obstacles to
project progress, negotiating and resolving conflict, adapting communication style
and messaging to stakeholders, coaching and mentoring fellow project team members,
having self-awareness of one’s own bias and behaviors, managing and adapting to
change during the project
What can promote project success and contribute to positive project outcomes?;
Effective leadership
When do project teams flourish?; When project team members use suitable leadership
traits, skills, and characteristics that match the specific needs and expectations
of stakeholders
How can project team members or stakeholders motivate or influence the project
team?; By mixing styles and leveraging motivators
What is the key to project success according to the text?; Adapting to the unique
context of the project
What do project teams discuss and decide on a project-by-project basis?; Delivery
approach and resources
What can a tailored project approach produce?; Deeper commitment from project team
members, reduction in waste, customer-oriented focus, more efficient use of project
resources
What is quality in the context of project management?; Quality is about meeting the
acceptance criteria for deliverables and satisfying stakeholders' expectations and
fulfilling project and product requirements.
Why is it important to maintain a focus on quality in project management?;
Maintaining a focus on quality produces deliverables that meet project objectives
and align to the needs set forth by stakeholders.
What does project quality ensure in terms of processes?; Project quality ensures
processes are appropriate and as effective as possible.
What are some dimensions of quality in project management?; Performance,
Conformity, Reliability, Resilience, Satisfaction, Efficiency, Sustainability
What is complexity in project management?; Complexity is the outcome of human
behavior, system interactions, uncertainty, and ambiguity.
What are some common sources of complexity in projects?; Human behavior, System
behavior, Uncertainty and ambiguity, Technological innovation
What is a risk?; An uncertain event or condition that, if it occurs, can have a
positive or negative effect on one or more objectives.
What are the two types of risks?; Positive (opportunities) or negative (threats).
How do project teams seek to manage risks?; Maximize positive risks (opportunities)
and decrease exposure to negative risks (threats).
Why is it important to constantly evaluate exposure to risk?; To maximize positive
impacts and minimize negative impacts to the project and its outcomes.
How are risks addressed throughout the project?; Continually.
What is the goal of optimizing risk responses?; To maximize positive impacts and
minimize negative impacts on the project and its outcomes.
What should risk responses be optimized for?; Appropriate for the significance of
the risk, cost effective, realistic within the project context, agreed to by
relevant stakeholders, and owned by a responsible person
What influences how risk is addressed in an organization?; An organization’s risk
attitude, appetite, and threshold
What is adaptability?; The ability to respond to changing conditions
Define resiliency.; The ability to absorb impacts and to recover quickly from a
setback or failure
How can adaptability and resiliency be built into an organization's and project
team's approaches?; By focusing on outcomes rather than outputs
What are projects influenced by?; Internal and external factors—new requirements,
issues, stakeholder influences, among other factors—which exist in a system of
interactions
What should be embraced in projects?; Adaptability and resiliency
What capabilities support adaptability and resilience in a project environment?;
Short feedback loops to adapt quickly; Continuous learning and improvement; Regular
inspection and adaptation; Open and transparent planning that engages stakeholders;
Small-scale prototypes and experiments; Open organizational conversations; Diverse
project teams with broad skill sets, cultures, and experience; Understanding from
past learning; Embrace adaptability and resiliency
What does embracing adaptability and resiliency in a project help with?; It helps
project teams stay on track to the desired outcome when internal and external
factors change, and it helps them recover from setbacks.
How do adaptability and resiliency help project teams learn and improve?; They help
project teams quickly recover from failures or setbacks and continue making
progress toward delivering value.
What helps individuals, groups, and the organization transition from the current
state to a future desired state?; A structured approach
What can lead to change fatigue and/or resistance?; Attempting too much change in a
short time
What can be challenging as not all stakeholders embrace change?; Enabling change
Where can change originate from?; Internal influences or external sources
What assists in change adoption?; Stakeholder engagement and motivational
approaches
What is a fundamental challenge for all organizations in today's business
environment?; Remaining relevant
Where can change in an organization originate from?; Internal sources and external
sources
What strategy is used in effective change management?; Motivational strategy
How does addressing the needs of stakeholders help in change management?; Helps to
integrate the resulting change in the project work, making a successful outcome
more likely
What is the goal of enabling change in an organization?; To achieve the envisioned
future state