CPD CPD Project Governance & Compliance 1

Question 1

What is the primary purpose of a project governance framework in a CPD-managed program?

Accepted Answer

To define decision-making authority, accountability, and oversight structures

Answer

A project governance framework establishes clear decision-making authority, accountability, and oversight to ensure the project aligns with organizational objectives.

Question 2

Which governance document formally authorizes a project and gives the project director authority to use organizational resources?

Accepted Answer

Project Charter

Answer

The Project Charter formally authorizes the project and grants the project director authority to apply organizational resources to project activities.

Question 3

A CPD candidate must ensure regulatory compliance across multiple jurisdictions. What is the BEST approach?

Accepted Answer

Develop a compliance matrix mapping requirements to project deliverables

Answer

A compliance matrix systematically maps regulatory requirements to specific deliverables, ensuring no obligation is overlooked across jurisdictions.

Question 4

In project governance, what does the term 'separation of duties' primarily prevent?

Accepted Answer

Fraud and errors by ensuring no single person controls all aspects of a critical process

Answer

Separation of duties is a control mechanism that reduces the risk of fraud and errors by requiring multiple individuals to complete critical processes.

Question 5

Which body is typically responsible for approving major project changes in a formal governance structure?

Accepted Answer

Change Control Board (CCB)

Answer

The Change Control Board (CCB) reviews, approves, or rejects major change requests to maintain project scope, schedule, and cost integrity.

CPD - Certified Project Director Practice Test

CPD - Certified Project Director Practice Test

CPD CPD Project Governance & Compliance 1