Project Planning & Execution Flashcards

Which conflict resolution approach results in a win-win outcome by finding a solution that satisfies all parties?

Answer: Collaborating

Collaborating (also called problem solving) seeks a solution that fully satisfies all parties' concerns, producing the best long-term result.

A project has a Schedule Variance (SV) of -$15,000. This means:

Answer: The project is $15,000 behind schedule in terms of earned value

A negative Schedule Variance (EV - PV) indicates the project has completed less work than planned, meaning it is behind schedule.

Which document establishes the approved scope, schedule, and cost baselines that future performance will be measured against?

Answer: Project Management Plan

The Project Management Plan contains the performance measurement baselines (scope, schedule, cost) used to track and control project performance.

In project procurement, a Fixed-Price contract places cost risk primarily on the:

Answer: Seller

In a Fixed-Price contract, the seller agrees to deliver at a set price, so the seller bears the risk if actual costs exceed the agreed price.

A project manager is facilitating a meeting where team members independently generate ideas without criticism before evaluating them. This technique is called:

Answer: Brainstorming

Brainstorming encourages free generation of ideas in a judgment-free environment before evaluation begins, promoting creative thinking.

What is the primary purpose of an Integrated Change Control process in project management?

Answer: To review, approve, or reject proposed changes in a controlled manner

Integrated Change Control evaluates the impact of proposed changes on all project constraints before approving or rejecting them.

Which quality management tool maps the frequency of causes contributing to a problem in descending order to identify the most significant factors?

Answer: Pareto chart

A Pareto chart displays causes from most to least frequent, visually highlighting the vital few causes that produce most of the defects.