Project Planning & Execution Flashcards

A project manager is using a responsibility assignment matrix (RAM). In a RACI chart, what does the 'C' stand for?

Answer: Consulted

In RACI, 'C' stands for Consulted, meaning those whose input is sought and with whom there is two-way communication.

During execution, the project team discovers a previously unidentified risk. Where should this risk be documented?

Answer: Risk register

All identified risks, including those discovered during execution, are documented in the risk register for tracking and response planning.

A project's Planned Value (PV) is $120,000 and its Earned Value (EV) is $100,000. What is the Schedule Variance (SV)?

Answer: -$20,000

Schedule Variance = EV − PV = $100,000 − $120,000 = −$20,000, indicating the project is behind schedule.

Which type of dependency occurs when one activity cannot start until another has finished, regardless of any other constraints?

Answer: Mandatory dependency

Mandatory dependencies are contractually or physically required relationships between activities and cannot be changed by the project team.

A project manager wants to identify which risks have the greatest potential impact on project objectives. Which tool is MOST appropriate?

Answer: Tornado diagram

A tornado diagram ranks risks by the range of their potential impact on the project objective, making it easy to identify the highest-priority risks.

Which document formally authorizes a project and gives the project manager authority to apply organizational resources?

Answer: Project charter

The project charter is the document that formally authorizes the project and grants the PM authority to use organizational resources.

A project manager is planning communication for a project with 8 stakeholders. How many potential communication channels exist?

Answer: 28

Communication channels = n(n−1)/2 = 8×7/2 = 28, where n is the number of stakeholders.