Project Management Fundamentals Flashcards

A stakeholder requests a deliverable not included in the agreed scope. This is an example of:

Answer: Scope creep

Scope creep is the uncontrolled expansion of project scope without adjustments to time, cost, or resources.

What is the PRIMARY purpose of a Work Breakdown Structure (WBS)?

Answer: Decompose project scope into manageable components

A WBS decomposes the total project scope into smaller, more manageable work packages.

Which conflict resolution technique results in a lose-lose outcome?

Answer: Compromise/Reconcile

Compromise requires both parties to give up something, making it a lose-lose approach, though it can be appropriate for temporary resolution.

A project has a CPI of 0.85. What does this indicate?

Answer: The project is spending $1.18 for every $1 of value delivered

A CPI below 1.0 means costs exceed the value delivered; CPI of 0.85 means $1.18 is spent for every $1 of work completed.

Which type of project organizational structure gives the project manager the MOST authority?

Answer: Projectized

In a projectized organization, the project manager has full authority over the project and team members report directly to them.

What is a Monte Carlo simulation used for in project management?

Answer: Analyzing schedule and cost risk through probabilistic modeling

Monte Carlo simulation runs thousands of iterations using probability distributions to predict the likelihood of different project outcomes.

Which project document records all identified risks, their analysis, and planned responses?

Answer: Risk register

The risk register is the primary document for capturing identified risks, probability/impact assessments, risk owners, and response plans.