Project Management Fundamentals Flashcards

A project manager discovers that a key deliverable will be delayed by two weeks due to a supplier issue. Which document should be updated first?

Answer: Project schedule baseline

The project schedule baseline must be updated through formal change control to reflect the impact of the delay on project timelines.

What is the primary purpose of a Work Breakdown Structure (WBS)?

Answer: To decompose project scope into manageable work packages

A WBS decomposes the total project scope into smaller, manageable components called work packages.

During project execution, a team member raises a concern about a process that could affect product quality. What should the project manager do first?

Answer: Log the issue and assess its impact

The project manager should document the concern in the issue log and evaluate its potential impact before taking further action.

Which estimating technique uses historical data from similar past projects to estimate costs or durations?

Answer: Analogous estimating

Analogous estimating relies on actual data from previous similar projects as the basis for estimating the current project.

A project is 50% complete and has spent $60,000 against a budget of $100,000. The planned value at this point is $50,000. What does this indicate?

Answer: The project is over budget

With an earned value of $50,000 and actual cost of $60,000, the cost variance is negative, meaning the project is over budget.

Which conflict resolution technique is considered most effective for long-term resolution in project teams?

Answer: Collaborating (problem solving)

Collaborating addresses the root cause of the conflict by working together toward a mutually acceptable solution, making it most effective long-term.

What is the critical path in a project network diagram?

Answer: The longest path determining the minimum project duration

The critical path is the longest sequence of dependent activities that determines the earliest possible project completion date.