By: Prof. Dr. Fazal Rehman | Last updated: August 6, 2024
What is the primary goal of project management?
A) To maximize profits
B) To complete projects on time, within scope, and within budget
C) To increase employee satisfaction
D) To innovate new technologies
Answer: B) To complete projects on time, within scope, and within budget
Which of the following is a key component of project management?
A) Scope
B) Budget
C) Schedule
D) All of the above
Answer: D) All of the above
What is a “project scope” in project management?
A) The amount of time needed to complete the project
B) The specific goals, deliverables, and boundaries of the project
C) The total cost of the project
D) The list of stakeholders involved
Answer: B) The specific goals, deliverables, and boundaries of the project
Which document outlines the work required to complete a project and serves as a reference for project planning?
A) Project Charter
B) Project Schedule
C) Work Breakdown Structure (WBS)
D) Project Budget
Answer: C) Work Breakdown Structure (WBS)
What is a “Gantt Chart” used for in project management?
A) To track project costs
B) To visualize the project schedule and track progress
C) To define project scope
D) To assess project risks
Answer: B) To visualize the project schedule and track progress
Who is typically responsible for managing the day-to-day activities of a project?
A) Project Sponsor
B) Project Manager
C) Project Stakeholder
D) Project Team Member
Answer: B) Project Manager
Which of the following is a risk management process in project management?
A) Risk Identification
B) Risk Assessment
C) Risk Mitigation
D) All of the above
Answer: D) All of the above
What is the purpose of a “Project Charter”?
A) To list the project’s tasks and deadlines
B) To formally authorize the project and define its objectives and stakeholders
C) To allocate the project budget
D) To describe the project scope in detail
Answer: B) To formally authorize the project and define its objectives and stakeholders
What is “stakeholder management” in project management?
A) The process of managing project costs
B) The process of identifying, engaging, and communicating with individuals or groups affected by the project
C) The process of developing the project team
D) The process of creating the project schedule
Answer: B) The process of identifying, engaging, and communicating with individuals or groups affected by the project
Which of the following is a common method used to estimate project costs?
A) Expert Judgment
B) Monte Carlo Simulation
C) Analogous Estimating
D) All of the above
Answer: D) All of the above
What does “scope creep” refer to in project management?
A) The process of exceeding the project budget
B) The gradual expansion of project scope without adjustments to time, cost, and resources
C) The delay in project delivery
D) The increase in project team members
Answer: B) The gradual expansion of project scope without adjustments to time, cost, and resources
What is a “milestone” in project management?
A) A significant event or achievement in the project lifecycle
B) A document that outlines project requirements
C) A detailed task list
D) A cost estimate
Answer: A) A significant event or achievement in the project lifecycle
Which project management methodology emphasizes iterative progress through short cycles?
A) Waterfall
B) Agile
C) PRINCE2
D) Six Sigma
Answer: B) Agile
What is “resource leveling” in project management?
A) Adjusting the project schedule to address resource constraints and ensure availability
B) Allocating additional resources to meet project deadlines
C) Determining the project’s budget
D) Developing a detailed project plan
Answer: A) Adjusting the project schedule to address resource constraints and ensure availability
What does the term “Critical Path” refer to in project management?
A) The sequence of tasks that determine the shortest time to complete the project
B) The tasks that are least important for project completion
C) The list of stakeholders with the highest influence
D) The budgetary constraints of the project
Answer: A) The sequence of tasks that determine the shortest time to complete the project