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Questions and Answers
What is the primary goal of project management?
What is the primary goal of project management?
Which project management phase involves defining project objectives and deliverables?
Which project management phase involves defining project objectives and deliverables?
What is the critical path in a project network diagram?
What is the critical path in a project network diagram?
Which project document outlines the project's scope, objectives, and stakeholders' roles?
Which project document outlines the project's scope, objectives, and stakeholders' roles?
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What is the purpose of a Gantt chart in project management?
What is the purpose of a Gantt chart in project management?
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The process of identifying, analyzing, and responding to project risks is known as:
The process of identifying, analyzing, and responding to project risks is known as:
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What does RACI stand for in project management?
What does RACI stand for in project management?
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The SMART criteria for setting project objectives stands for:
The SMART criteria for setting project objectives stands for:
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Which project management tool is used to depict the sequence and dependencies of project activities?
Which project management tool is used to depict the sequence and dependencies of project activities?
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In project management, 'scope creep' refers to:
In project management, 'scope creep' refers to:
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The Project Management Triangle consists of which three constraints?
The Project Management Triangle consists of which three constraints?
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Which project management phase involves breaking down project deliverables into smaller, manageable components?
Which project management phase involves breaking down project deliverables into smaller, manageable components?
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What is the purpose of a lessons learned report in project management?
What is the purpose of a lessons learned report in project management?
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A project manager is responsible for:
A project manager is responsible for:
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Which project management technique uses statistical analysis to identify the most important factors in a project?
Which project management technique uses statistical analysis to identify the most important factors in a project?
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The process of documenting project procurement decisions, defining the approach, and identifying potential vendors is known as:
The process of documenting project procurement decisions, defining the approach, and identifying potential vendors is known as:
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A project manager is dealing with conflicting requirements from two stakeholders. What is the BEST approach to handle this situation?
A project manager is dealing with conflicting requirements from two stakeholders. What is the BEST approach to handle this situation?
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In Agile project management, what is the purpose of a 'sprint'?
In Agile project management, what is the purpose of a 'sprint'?
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Which project management document outlines how the project team will manage identified risks?
Which project management document outlines how the project team will manage identified risks?
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Which project management process involves identifying stakeholders, their interests, and potential impact on the project?
Which project management process involves identifying stakeholders, their interests, and potential impact on the project?
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The technique used to determine the cost and schedule variances in a project is known as:
The technique used to determine the cost and schedule variances in a project is known as:
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Which organizational structure allows the project manager to have the most authority and control over project resources?
Which organizational structure allows the project manager to have the most authority and control over project resources?
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What is the purpose of a change control board in project management?
What is the purpose of a change control board in project management?
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Which technique is used to determine the sequence and dependencies of activities in a project?
Which technique is used to determine the sequence and dependencies of activities in a project?
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What does the term 'float' mean in project scheduling?
What does the term 'float' mean in project scheduling?
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Which project management approach is best suited for projects with changing requirements and frequent collaboration with stakeholders?
Which project management approach is best suited for projects with changing requirements and frequent collaboration with stakeholders?
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The process of obtaining seller responses, selecting a vendor, and awarding a contract is known as:
The process of obtaining seller responses, selecting a vendor, and awarding a contract is known as:
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What does a responsibility assignment matrix (RAM) show in project management?
What does a responsibility assignment matrix (RAM) show in project management?
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Study Notes
Project Management Fundamentals
- Primary Goal: Completing projects successfully.
- Project Initiation Phase: Defines project objectives and deliverables.
- Agile Methodology: Employs adaptability and continuous improvement.
- Critical Path: Longest path in a project network, determining duration.
- Project Charter: Outlines scope, objectives, and stakeholder roles.
- Gantt Chart: Tool for project scheduling and progress tracking.
- Risk Management: Identifying, analyzing, and responding to project risks.
- RACI: Responsible, Accountable, Consulted, Informed (project roles).
Project Management Tools and Techniques
- SMART Objectives: Specific, Measurable, Achievable, Relevant, Time-bound.
- PERT Chart: Depicts project activity sequence and dependencies.
- Scope Creep: Addition of extra features/requirements beyond initial scope.
- Project Management Triangle: Constrained by time, cost, and quality.
- Work Breakdown Structure (WBS): Breaks project deliverables into manageable components.
- Lessons Learned Report: Provides recommendations for improving future projects.
Project Management Processes
- Change Control Board: Approves/rejects scope changes.
- Critical Path Method (CPM): Determines activity sequence and dependencies.
- Float (Project Scheduling): The time an activity can be delayed without delaying the overall project duration.
- Agile Sprints: Short iterations for project development and delivery.
- Risk Management Plan: Outlines risk handling strategies.
- Stakeholder Analysis: Identifies stakeholders, interests, and project impact.
- Responsibility Assignment Matrix (RAM): Shows project team member roles and responsibilities.
Project Procurement
- Source Selection: Process of obtaining seller responses, selecting vendors, and awarding contracts.
- Procurement Closure: Completion of the vendor contract process.
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Description
Test your knowledge on the key concepts and tools in project management, including the project initiation phase, Agile methodology, and the critical path. This quiz covers essential techniques like SMART objectives, Gantt charts, and risk management strategies to ensure project success.
