CPD CPD Project Governance & Compliance 2

Question 1

What is the role of an audit trail in project governance and compliance?

Accepted Answer

It provides a chronological record of decisions and actions for accountability and review

Answer

An audit trail chronologically records decisions and actions, supporting accountability, regulatory compliance, and post-project review.

Question 2

Which governance principle ensures that project decisions are made by individuals with appropriate authority and expertise?

Accepted Answer

Delegation of authority

Answer

Delegation of authority ensures decisions are made at the correct organizational level by individuals with the requisite authority and competence.

Question 3

When managing a federally funded project in the US, which document governs allowable costs and administrative requirements?

Accepted Answer

FAR (Federal Acquisition Regulation)

Answer

The Federal Acquisition Regulation (FAR) establishes uniform policies for acquisition of supplies and services by federal agencies, including allowable costs.

Question 4

A project governance review reveals a conflict of interest involving a key decision-maker. What is the BEST response?

Accepted Answer

Disclose the conflict, recuse the individual from related decisions, and document the action

Answer

Proper governance requires disclosing conflicts of interest, recusing affected parties from related decisions, and documenting all actions taken.

Question 5

Which type of project review assesses whether a project should continue, be redirected, or be terminated based on strategic alignment?

Accepted Answer

Stage gate review

Answer

Stage gate reviews are formal checkpoints that assess project viability and strategic alignment before authorizing continuation to the next phase.

CPD - Certified Project Director Practice Test

CPD - Certified Project Director Practice Test

CPD CPD Project Governance & Compliance 2