Project Management Fundamentals Flashcards
7 cards from real BMS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Management Fundamentals flashcards as text
A BMS project manager is preparing a lessons learned register. At what point(s) in the project lifecycle should lessons learned IDEALLY be captured?
Answer: Throughout the entire project lifecycle
Lessons learned should be captured continuously throughout the project to ensure timely documentation and application to the current project.
Which type of project organizational structure gives the BMS project manager the MOST authority over team members?
Answer: Projectized organization
In a projectized organization, team members report directly to the project manager, giving the PM full authority over resources.
A BMS project stakeholder analysis reveals a group with HIGH interest but LOW power. What engagement strategy should the PM use?
Answer: Keep informed with regular, targeted communication
High interest/low power stakeholders should be kept informed through regular communication, as they can become influential advocates or disruptors.
During a BMS project review, the PM calculates Estimate at Completion (EAC) assuming future work will proceed at the current CPI of 0.85. If BAC is $500,000 and EV is $200,000 with AC of $235,000, what is the EAC?
Answer: $588,235
EAC = BAC / CPI = $500,000 / (200,000/235,000) = $500,000 / 0.851 ≈ $588,235.
What is the purpose of a kick-off meeting in a BMS certification project?
Answer: To formally introduce the project, align the team on objectives, and signal the start of execution
A kick-off meeting marks the official start of project execution and ensures all team members and stakeholders share a common understanding of goals.
A BMS project uses agile sprints for firmware development alongside traditional waterfall for hardware certification. This combined approach is known as:
Answer: Hybrid project management
Hybrid project management combines predictive (waterfall) and adaptive (agile) approaches to suit different aspects of a project.
Which process group in project management involves monitoring variances and implementing corrective actions for a BMS project?
Answer: Monitoring and Controlling
The Monitoring and Controlling process group tracks, reviews, and regulates project progress, implementing corrective actions when necessary.