Project Management Fundamentals Flashcards
7 cards from real COM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Project Management Fundamentals flashcards as text
Which project management knowledge area involves identifying and managing individuals who may affect or be affected by the project?
Answer: Project Stakeholder Management
Project Stakeholder Management covers identifying stakeholders, understanding their interests, and engaging them appropriately throughout the project.
What does the term 'gold plating' mean in the context of project scope management?
Answer: Adding extra features beyond what was agreed in the scope
Gold plating occurs when the project team adds unauthorized extra features or enhancements that were not requested or approved by the client.
A project manager calculates the Estimate at Completion (EAC) assuming future work will be performed at the budgeted rate. Which formula applies?
Answer: EAC = AC + (BAC - EV)
When assuming future work proceeds at the planned rate, EAC equals actual cost to date plus the remaining budget (BAC minus EV).
Which technique involves systematically gathering expert opinions through multiple rounds of anonymous questionnaires to reach consensus?
Answer: Delphi technique
The Delphi technique uses iterative rounds of expert feedback to converge on consensus while minimizing the influence of dominant personalities.
What is the primary purpose of a project closure report?
Answer: To formally document project outcomes, lessons learned, and final acceptance
The project closure report documents final deliverable acceptance, performance against objectives, and lessons learned for organizational knowledge.
A project manager identifies that a risk could yield a positive outcome for the project. How should this type of risk be classified?
Answer: Opportunity
Risks with potentially positive impacts are classified as opportunities and can be exploited, enhanced, or shared rather than avoided or mitigated.
Which process involves monitoring and recording results of executing quality activities to assess performance and recommend changes?
Answer: Control Quality
Control Quality involves measuring project outputs and deliverables against quality standards to identify defects and verify compliance.