Understanding Project Management Basics

What is the primary purpose of project execution in project management?

• To plan the project

• To complete the project work

• To close the project

• To monitor project progress

Which of the following is a key component of Earned Value Management (EVM)?

• Project Charter

• Scope Statement

• Planned Value (PV)

• Risk Register

In Earned Value Management, what does the acronym CPI stand for?

• Cost Performance Index

• Critical Path Indicator

• Cost Planning Information

• Current Project Index

Which of the following is a Key Performance Indicator (KPI) in project management?

• Number of team meetings

• Project completion time

• Employee satisfaction

• Budget variance

• 0.9

• 1.1

• 1.0

• 1.2

What does a Schedule Performance Index (SPI) of less than 1 indicate?

• The project is ahead of schedule

• The project is on schedule

• The project is behind schedule

• The project is over budget

Which of the following is NOT typically considered a Key Performance Indicator (KPI)?

• Customer satisfaction

• Employee attendance

• Net profit margin

• Project scope

In project management, what is the main goal of monitoring?

• To identify new project opportunities

• To ensure project objectives are met

• To create a project budget

• To develop a project schedule

• 0.875

• 1.143

• 1.0

• 0.95

Which of the following best describes Earned Value Management (EVM)?

• A method to calculate project costs

• A technique to measure project performance

• A tool for team communication

• A strategy for risk management