BSE Bachelor of Science in Engineering Management: Project Management Fundamentals 3

Question 1

What does the acronym RACI stand for in project management?

Accepted Answer

Responsible, Accountable, Consulted, Informed

Answer

RACI defines roles in project tasks: who is Responsible, Accountable, Consulted, and Informed for each activity.

Question 2

An engineering manager is using the Delphi technique during risk identification. What is the main advantage of this approach?

Accepted Answer

It avoids groupthink by gathering anonymous expert opinions iteratively

Answer

The Delphi technique uses anonymous expert rounds to prevent dominant opinions and reduce bias in risk identification.

Question 3

Which contract type places the most financial risk on the buyer?

Accepted Answer

Cost-plus-fixed-fee contract

Answer

In a cost-plus-fixed-fee contract, the buyer reimburses all allowable costs plus a fixed fee, bearing the risk of cost overruns.

Question 4

In agile project management, what is a 'sprint retrospective' used for?

Accepted Answer

Reflecting on team processes to improve future sprints

Answer

The sprint retrospective is a team meeting focused on identifying what went well, what didn't, and how to improve the team's process.

Question 5

What is the purpose of a project baseline?

Accepted Answer

To serve as an approved reference point for measuring project performance

Answer

A project baseline is the approved version of the plan used to compare actual performance and identify variances.

BSE - Mgt Bachelor of Science in Engineering Management Practice Test