Understanding Project Management Concepts

What is the first phase of the project life cycle?

• Execution phase

• Initiation phase

• Planning phase

• Closure phase

What document outlines the objectives and scope of a project?

• Project Charter

• Business Case

• Scope Statement

• Project Plan

What is a stakeholder register used for?

• A stakeholder register is used to identify and manage stakeholders in a project.

• To assign tasks to team members

• To track project expenses

• To schedule project meetings

Which knowledge area focuses on defining and controlling what is included in the project?

• Project Time Management

• Project Cost Management

• Project Quality Management

• Project Scope Management

What is the primary goal of risk management in projects?

• To ensure project objectives are never met.

• To increase project costs and delays.

• To identify, assess, and mitigate risks to achieve project objectives.

• To avoid all risks regardless of impact.

What does activity management involve in project planning?

• Activity management is about team building and leadership skills.

• Activity management involves defining, scheduling, and monitoring tasks in project planning.

• Activity management only involves risk assessment and mitigation.

• Activity management focuses solely on budgeting and finance.

Which management area is concerned with organizing and leading project teams?

• Project Management

• Human Resources

• Operations Management

• Financial Management

What is the purpose of quality management in a project?

• To increase the project's timeline.

• To ensure team members are satisfied.

• To reduce the project's budget.

• The purpose of quality management in a project is to ensure that the project's deliverables meet the required quality standards.

What does process management ensure in project execution?

• Process management eliminates all risks in project execution.

• Process management guarantees maximum profit in project execution.

• Process management ensures efficiency and control in project execution.

• Process management focuses solely on team building in project execution.

How is project scope different from product scope?

• Project scope is only concerned with budget, while product scope is about timelines.

• Project scope focuses on the work needed to complete a project, while product scope defines the features and functions of the product.

• Project scope defines the features of the product, while product scope focuses on project completion.

• Project scope and product scope are interchangeable terms that mean the same thing.