Project Management Quiz

Which of the following is NOT a key input for building a project schedule?

• Work Breakdown Structure (WBS)

• Effort Estimates

• Project Risk Responses

• Marketing Plan

What is the goal of the schedule development process?

• To define all project tasks

• To ensure a formal, realistic, and accepted schedule

• To focus on team management

• To communicate with stakeholders

Which step is NOT part of the schedule development process?

• Identifying the work tasks (WBS)

• Developing preliminary schedule

• Performing a 'reality' check

• Ignoring resource availability

What is a critical tool for managing project expectations regarding time, cost, and quality?

• Project Schedule

• Risk Management Plan

• Communication Plan

• Scope Statement

What does the term 'scope creep' refer to in project management?

• The gradual increase in project costs

• The increase in project scope without proper adjustments to time and cost

• The loss of stakeholder engagement

• The decrease in project timeline

What should the project budget ideally include?

• Only labor costs

• Only direct costs

• All possible project costs, including contingency reserves

• Only materials and equipment costs

The project budget should be considered as which of the following?

• A static document

• A performance measurement tool

• A task allocation guide

• A team communication document

Which of the following is NOT a common challenge when managing a project budget?

• Missing cost categories

• Overestimating labor costs

• No profit margin

• Preallocated budget

Which of the following is a principle of an effective project budget?

• Rigid allocation of costs

• Excluding unknown costs

• Time-phased budgeting

• No contingency planning

What is the purpose of the 'reality check' in schedule development?

• To adjust project tasks based on available resources

• To test whether the project schedule is feasible in real-world conditions

• To communicate with stakeholders

• To finalize the project budget