PK0-005 Project Management Concepts Practice Question
A company is undertaking a one-time initiative to develop a new mobile application with a defined budget, schedule, and scope. Which term best describes this initiative?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Project
A project is a temporary endeavor with a defined beginning and end, specific scope, budget, and schedule. A program is a group of related projects, and a portfolio is a collection of projects or programs aligned to strategic objectives.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
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Operation
Why it's wrong here
Operations are ongoing activities that produce the same product or service repeatedly.
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Portfolio
Why it's wrong here
A portfolio is a collection of projects or programs aligned to strategic objectives.
- ✓
Project
Why this is correct
Correct. A project is a temporary endeavor with defined scope, schedule, and cost.
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Program
Why it's wrong here
A program is a group of related projects managed together, not a single initiative.
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