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Project Planning & Execution Flashcards

7 cards from real CED practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. A nonprofit executive director is launching a capital campaign. Which project planning tool best maps task dependencies and identifies the critical path?

    Answer: PERT/CPM network diagram

    PERT/CPM network diagrams explicitly model task dependencies and compute the critical path — the longest sequence that determines minimum project duration.

  2. Midway through a building renovation project, the contractor discovers unexpected structural damage. As executive director, your FIRST action should be to:

    Answer: Assess scope, cost, and schedule impact before escalating

    Before escalating or acting, the executive director should gather impact data so decisions and communications are informed rather than reactive.

  3. Which estimating technique involves averaging the optimistic, most likely, and pessimistic estimates using a weighted formula to produce a single duration estimate?

    Answer: Three-point (PERT) estimating

    Three-point (PERT) estimating uses the formula (O + 4M + P) / 6 to produce a weighted average that accounts for uncertainty.

  4. A project stakeholder map categorizes individuals by their level of interest and power. High-power, low-interest stakeholders should primarily be:

    Answer: Kept satisfied with targeted, high-level communication

    High-power, low-interest stakeholders should be kept satisfied — they can derail projects if neglected but don't need constant detail.

  5. An executive director sets a project baseline at kickoff. The primary purpose of the baseline is to:

    Answer: Provide a reference point for measuring project performance

    A project baseline — covering scope, schedule, and budget — is the approved reference against which actual performance is compared throughout the project.

  6. Which risk response strategy involves transferring the financial impact of a risk to a third party such as an insurer or contractor?

    Answer: Transfer

    Risk transfer shifts the financial consequence of a risk to another party — through insurance, warranties, or contractual clauses — without eliminating the risk itself.

  7. During project execution, earned value analysis shows a Cost Performance Index (CPI) of 0.82. This means the project is:

    Answer: Getting $0.82 of value for every $1.00 spent

    A CPI below 1.0 indicates cost overrun — the project is only delivering $0.82 of planned value for each dollar actually spent.