CBM Project Management 3

Question 1

What is the 'triple constraint' (Iron Triangle) in project management?

Accepted Answer

Scope, Schedule (Time), and Cost (Budget)

Answer

The triple constraint represents the three primary competing constraints of any project — scope, time, and cost — where changing one typically impacts the others.

Question 2

What is a project baseline?

Accepted Answer

The approved version of the scope, schedule, and cost plan used to measure project performance

Answer

A project baseline is the approved, time-phased plan against which project performance is measured and any deviations are tracked throughout execution.

Question 3

What does PMBOK stand for?

Accepted Answer

Project Management Body of Knowledge

Answer

PMBOK stands for Project Management Body of Knowledge, the standard guide published by PMI (Project Management Institute) that defines globally accepted project management practices.

Question 4

During project closing, lessons learned documentation primarily serves to:

Accepted Answer

Capture knowledge from the completed project to improve future project performance

Answer

Lessons learned documentation captures successes, challenges, and insights from a completed project, creating organizational knowledge that improves processes and decision-making on future projects.

Question 5

What is a project portfolio in the context of organizational project management?

Accepted Answer

A collection of projects, programs, and operations managed as a group to achieve strategic business objectives

Answer

A project portfolio is a collection of projects and programs grouped together and managed to facilitate alignment with organizational strategy and optimization of resources.

CBM - Certified Business Manager Practice Test

CBM - Certified Business Manager Practice Test

CBM Project Management 3