Exam - Business and Financial Project Management

Which of these is NOT one of the constraints of a project?

• a) Scope
• b) Resources
• c) Team
• d) Budget

What is meant by RACI?

• a) Responsible, Accountable, Confirm, Inform
• b) Recommended, Accountable, Consulted, Inform
• c) Responsible, Accountant, Consulted, Inform
• d) Responsible, Accountable, Consulted, Inform

Which of the following statement is true about a Programme?

• a) A Program is a group of related projects
• b) A Program is a group of unrelated projects
• c) A Program is a part of a big project
• d) None of the above

All of the following are characteristics of a project EXCEPT:

• a) Temporary
• b) Definite beginning and end
• c) Interrelated activities
• d) Repeats itself every month

The project management typical process groups are:

• a) Initiating, planning, expediting, and control.
• b) Plan, organize, develop, and control.
• c) Plan, do, observe, commit.
• d) Initiating, planning, executing, monitoring/controlling, and closing.

A rough order of magnitude estimation for the Business Case is made during which project management process group?

• a) Project planning
• b) Project closing
• c) Project executing
• d) Project initiating

In Critical Path Method chart analysis, an activity means

• An event
• An item of project task
• A graphical representation of the project plan
• A task that consumes time and resources and has a beginning and an end

What is a schedule?

• A list of activities with associated durations, start and completions, and relationships to other activities
• A project document
• A tool to allow the project manager to schedule vacation
• A sequential list of project goals that allow the PM to allocate bonus structure

Purchasing insurance is considered an example of risk:

• Mitigation
• Transfer
• Acceptance
• Avoidance

A person who is involved in or may be affected by the activities or anyone who has something to gain or lose by the activity of the project is called a:

• Team member.
• Customer
• Stakeholder
• Supporter