Project Management Essentials

What is the purpose of a feasibility study in project management?

• To determine the project's potential profitability

• To assess the viability and practicality of a proposed project

• To create a detailed project schedule

• To finalise the project's marketing plan

What is a Gantt chart used for in project management?

• Tracking team performance

• Scheduling project tasks

• Budgeting project costs

• Communicating with stakeholders

Which of the following is a key benefit of using project scheduling tools?

• Increased project costs

• Improved time management

• Reduced team communication

• Decreased project scope

What does the scope of a project typically define?

• The project's budget and financial resources

• The project's objectives, deliverables, and boundaries

• The project's team size and structure

• The project's marketing strategy

What is the main purpose of stakeholder communication strategies? (2 marks)