CSET Project Planning & Execution 3 — Questions and Answers
Question 1: During which project phase are lessons learned most effectively documented?
- Initiating
- Planning
- Executing
- Closing (Correct answer)
Correct answer: Closing
While lessons learned should be captured throughout, they are formally documented and archived during the project closing phase.
Question 2: A project manager uses a probability-impact matrix primarily to:
- Assign tasks to team members
- Prioritize identified risks for response planning (Correct answer)
- Determine the project's critical path
- Allocate the project budget
Correct answer: Prioritize identified risks for response planning
A probability-impact matrix ranks risks by combining their likelihood and potential impact, helping prioritize which risks need response plans.
Question 3: Which estimating technique uses historical data from a similar past project to estimate the current project's duration or cost?
- Bottom-up estimating
- Analogous estimating (Correct answer)
- Parametric estimating
- Three-point estimating
Correct answer: Analogous estimating
Analogous estimating leverages actual duration or cost data from a similar previous project as the basis for the current estimate.
Question 4: In Agile project management, a 'velocity' metric measures:
- The speed of individual developer task completion
- The amount of work a team completes in a sprint (Correct answer)
- The project's overall progress against the timeline
- The number of defects found per sprint
Correct answer: The amount of work a team completes in a sprint
Velocity measures the average number of story points or work units completed by a team in a single sprint, used to forecast future output.
Question 5: What is the primary purpose of a project kickoff meeting?
- To finalize the project budget
- To align all stakeholders on project goals, roles, and expectations (Correct answer)
- To create the project schedule
- To perform the first project risk assessment
Correct answer: To align all stakeholders on project goals, roles, and expectations
A kickoff meeting brings together key stakeholders to establish shared understanding of project objectives, deliverables, roles, and processes.
Question 6: When a project manager applies 'fast tracking,' they are:
- Cutting project scope to meet a deadline
- Performing activities in parallel that were originally planned sequentially (Correct answer)
- Adding more resources to compress the schedule
- Using automated tools to speed up reporting
Correct answer: Performing activities in parallel that were originally planned sequentially
Fast tracking compresses the schedule by overlapping phases or tasks that would normally be done in sequence, which increases risk.
Question 7: A stakeholder register is used to:
- Track project expenses by department
- Document stakeholder information, interests, and engagement levels (Correct answer)
- Record meeting minutes for compliance
- Assign tasks to project team members
Correct answer: Document stakeholder information, interests, and engagement levels
The stakeholder register captures identifying information, roles, interests, expectations, and influence levels of all project stakeholders.
CSET Project Planning & Execution 3
During which project phase are lessons learned most effectively documented?