Gemology Certification Project Management Fundamentals 3

Question 1

A gemology lab project is running over budget. The project manager performs Earned Value Analysis and finds CPI = 0.85. What does this indicate?

Accepted Answer

For every dollar spent, only $0.85 of value is being delivered

Answer

A CPI below 1.0 means the project is over budget, delivering less value per dollar spent than planned.

Question 2

Which project document formally authorizes a gemology certification project and names the project manager?

Accepted Answer

Project charter

Answer

The project charter officially authorizes the project and gives the project manager authority to apply resources.

Question 3

A gemology training project has a tight deadline. The project manager compresses the schedule by assigning additional gemologists to critical path tasks. This technique is called:

Accepted Answer

Crashing

Answer

Crashing adds resources to critical path activities to shorten duration, typically increasing cost.

Question 4

During a gem show project closeout, the project manager ensures all contracts are finalized and lessons learned are documented. This belongs to which process group?

Accepted Answer

Closing

Answer

The Closing process group includes finalizing all activities, closing contracts, and capturing lessons learned.

Question 5

A stakeholder analysis for a new gemstone grading lab project should identify stakeholders based on their:

Accepted Answer

Interest, influence, and impact on the project

Answer

Stakeholder analysis evaluates interest, influence, and potential impact to prioritize engagement strategies.

Gemology Certification Practice Test

Gemology Certification Practice Test

Gemology Certification Project Management Fundamentals 3