BSE Bachelor of Science in Engineering Management: Project Management Fundamentals 2

Question 1

Which project management process group is responsible for defining and authorizing a project or phase?

Accepted Answer

Initiating

Answer

The Initiating process group formally authorizes the project and defines its initial scope and resources.

Question 2

A project manager notices that the Earned Value (EV) is $50,000 and the Actual Cost (AC) is $65,000. What does this indicate?

Accepted Answer

The project is over budget

Answer

A negative cost variance (EV - AC = -$15,000) means the project has spent more than the budgeted value of work completed.

Question 3

What is the primary purpose of a project charter?

Accepted Answer

To formally authorize the project and grant the PM authority

Answer

The project charter formally authorizes the project and grants the project manager the authority to apply organizational resources.

Question 4

In the context of the Critical Path Method (CPM), what is 'float' (also called slack)?

Accepted Answer

The amount of time an activity can be delayed without delaying the project end date

Answer

Float or slack is the amount of time a non-critical activity can be delayed without affecting the project's overall completion date.

Question 5

Which conflict resolution technique involves finding a solution that satisfies all parties to some degree?

Accepted Answer

Compromising

Answer

Compromising seeks a solution where each party gives something up, resulting in a mutually acceptable outcome.

BSE - Mgt Bachelor of Science in Engineering Management Practice Test