International Project Management Association (IPMA) Practice Exam

What does managing by projects entail for an organization?

1. Using project management techniques on all tasks

2. Applying project management techniques to as much of the organization's work as possible

3. Limiting projects to large-scale endeavors

4. Only training select employees in project management

The correct answer is: Applying project management techniques to as much of the organization's work as possible

Managing by projects entails applying project management techniques to as much of the organization's work as possible. This approach recognizes that projects are a fundamental element of how modern organizations operate and aims to integrate project management into various aspects of the organization’s workflows. By applying project management techniques across a broad range of activities, an organization can improve efficiency, increase accountability, and enhance the ability to achieve strategic goals. This holistic application allows for better resource allocation, risk management, and the ability to adapt to changes, ultimately leading to higher success rates for the organization's initiatives. In contrast, restricting project management techniques to only select areas or limiting projects to significant endeavors would not enable the organization to harness the full benefits of project management. Additionally, focusing solely on training a limited number of employees would not instill a pervasive project management culture throughout the organization, which is essential for managing a multifaceted portfolio of projects effectively.