Project Management - HIMOLDE

What is a project according to PMI (Project Management Institute)?

• A permanent endeavor aimed at routine operations.

• A temporary endeavor designed to produce a unique product, service, or result.

• A sequence of tasks carried out without specific objectives.

• A business as usual operation with no end date.

Which of the following is NOT a characteristic of a project?

• Clear Goals

• Temporary

• Create Changes

• Unlimited resources

Which of the following is NOT one of the project life cycle phases?

• Initiation

• Execution

• Routine

• Closure

What is the purpose of project selection?

• To monitor project progress.

• To evaluate and choose projects that align with organizational goals.

• To create a detailed project schedule.

• To assign tasks to team members.

Which of these is a method used to rank project proposals?

• Brainstorming

• Payback Period

• Risk Avoidance

• Agile Workflow

What does the Payback Period NOT consider?

• Time value of money

• Project cost

• • Cash inflows

• Investment recovery time

What does a Gantt chart primarily show?

• • Stakeholder roles

• • Task scheduling and dependencies

• Team member communication

• Budget allocation

Which term describes the longest sequence of dependent tasks in a project schedule?

• Float

• Milestone

• Critical Path

• Slack

What is the primary difference between CPM (Critical Path Method) and PERT?

• CPM is for financial projects, while PERT is for construction projects.

• PERT uses probabilistic time estimates, while CPM uses deterministic time estimates.

• CPM focuses on team management, while PERT focuses on timelines.

• CPM uses graphical tools, while PERT does not.

Which leadership style in the Situational Leadership Model is appropriate for a skilled, confident, and committed team member?

• Directing

• Coaching

• Supporting

• Delegating