What is Process Management?

The use and application of a number of processes to achieve objectives

Waterfall Method is where......................

Each phase of the project cascades into the next.

A profit and loss account is.........

a financial report that summarizes a business's revenues and expenses

A supplier is................

A person or institution that is the source of goods or services

Scope management is the process ............

where outputs, outcomes and benefits are identified & controlled

A Project Management Triangle is..............

When each side of the triangle is a constraint

A Thought Shower is................

a discussion in which new ideas are made and discussed

What is a Vision Statement? A Statement ..................

Describing the clear and long term desired change from a business's work

Schedule Management is....................

Developing, maintaining and communicating schedules for resources and time.

What does the certification PMP stand for?

Project Management Professional

What is Stakeholder Analysis?

A project management tool to collect info about people impacted by a plan

Shareholders are people who.............

own one or more shares of a company, effectively becoming partial owners

SMART is an acronym for .............

Specific, Measurable, Agreed (or Achievable) Realistic and Timed

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Business Admin Glossary Quiz 7

22 termsStudBud Administration3 plays

Glossary of Terms for the NCFE L3 Business Administrator.

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Questions 22

Answers

1
What is a logical sequence of activities to accomplish a project's goals or objectives?
Project Life Cycle
Phased Project Managment
Positive Action
Process Management
2
What is Process Management?
The use and application of a number of processes to achieve objectives
The justification for undertaking a project or programme
3
What is A Method for Effective Project Management and is Process Driven?
Prince5 Practitioner
Prince2 Practitioner
Prince4 Practitioner
Prince3 Practitioner
4
What is the justification for undertaking a project or programme & provides a rationale for the preferred solution.
Project Business Condition
Project Business Competition
Project Business Case
Project Business Cycle
5
Waterfall Method is where......................
Each phase of the project ascends into the next
Each phase of the project cascades into the next.
6
A profit and loss account is.........
an account that represents the dealings of a person or entity
a financial report that summarizes a business's revenues and expenses
an account that is carried forward from one accounting period to another
a temporary account that is closed at the end of each accounting period
7
A supplier is................
A person or institution that buys goods to be resold
A person or institution that receives goods
A person or institution that sells goods on behalf of another company
A person or institution that is the source of goods or services
8
Scope management is the process ............
where a formal plan is executed
where a project management tool is used to collect information
where outputs, outcomes and benefits are identified & controlled
where the business's resources are developed
9
A Project Management Triangle is..............
When each side of the triangle is a condition
When each side of the triangle is a constant
When each side of the triangle is a concession
When each side of the triangle is a constraint
10
A Thought Shower is................
a discussion in which new ideas are made and discussed
a discussion in which a wide range of potential solutions are generated
a discussion in which a group of people work together to write down ideas
a discussion in which encourages imagination and innovative thinking
11
What is a Vision Statement? A Statement ..................
Describing the clear and long term desired change from a business's work
Describing the clear and long term desired change from a business' ideas
Describing the clear and long term desired change from a business' trading
Describing the clear and long term desired change from a business' mistakes
12
Schedule Management is....................
A process whereby outputs, outcomes & benefits are identified & controlled
Developing, maintaining and communicating schedules for resources and time.
Formal process that defines how a project is executed & controlled
The application of a number of processes
13
What does the acronym SME mean?
Small to Medium Endeavors
Small to Medium Exercise
Small to Medium Economics
Small to Medium Enterprise
14
What does the certification PMP stand for?
Project Management Professional
Project Management Personnel
Project Management Profession
Project Management Person
15
What is WBS?
Work Breakdown Structure
Work Breakdown Set-Up
Work Breakdown Source
Work Breakdown System
16
A work management tool for a key period that organises a team's work into manageable sections is...................
WBS (Work Betterment Structure)
WBS (Work Bonds Structure)
WBS (Work Breakdown Structure)
WBS (Work Benefit Structure)
17
What is Stakeholder Analysis?
Is a project management tool is used to collect data
A project management tool to collect info about people impacted by a plan
Where a formal plan is executed and delivered
Where the business's resources are developed
18
Stakeholders are a person that owns shares in a company
False
True
19
Shareholders are people who.............
own one or more shares of a company, effectively becoming partial owners
are ultimately responsible for taking managerial decisions
are responsible for the company's financial health and reporting
are individuals legally responsible for running and managing a company
20
What year were the Working Time Regulations published?
1998
1999
1991
1995
21
SMART is an acronym for .............
Specific, Meaningful, Agreed (or Achievable) Realistic and Timed
Special, Measurable, Agreed (or Achievable) Realistic and Timed
Specific, Measurable, Agreed (or Achievable) Realistic and Timed
Specific, Measurable, Agreed (or Achievable) Reliable and Timed
22
What is a fund of money deposited with another financial organisation for the sole purpose of financial speculation?
Non-Profit Account
Trading Account
Current Account
Spending Account

Business Admin Glossary Quiz 7 Flashcards | StudBud