General Project Management Fundamentals 3 — Questions and Answers
Question 1: A stakeholder requests a deliverable not included in the agreed scope. This is an example of:
- Risk escalation
- Scope creep (Correct answer)
- Quality control
- Schedule compression
Correct answer: Scope creep
Scope creep is the uncontrolled expansion of project scope without adjustments to time, cost, or resources.
Question 2: What is the PRIMARY purpose of a Work Breakdown Structure (WBS)?
- Assign responsibilities to team members
- Decompose project scope into manageable components (Correct answer)
- Track project costs against the budget
- Sequence project activities
Correct answer: Decompose project scope into manageable components
A WBS decomposes the total project scope into smaller, more manageable work packages.
Question 3: Which conflict resolution technique results in a lose-lose outcome?
- Collaborate/Problem solve
- Compromise/Reconcile (Correct answer)
- Withdraw/Avoid
- Force/Direct
Correct 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.
Question 4: A project has a CPI of 0.85. What does this indicate?
- The project is getting $1.18 of value for every $1 spent
- The project is spending $1.18 for every $1 of value delivered (Correct answer)
- The project is 15% ahead of schedule
- The project is 15% under budget
Correct 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.
Question 5: Which type of project organizational structure gives the project manager the MOST authority?
- Functional
- Weak matrix
- Balanced matrix
- Projectized (Correct answer)
Correct answer: Projectized
In a projectized organization, the project manager has full authority over the project and team members report directly to them.
Question 6: What is a Monte Carlo simulation used for in project management?
- Identifying the critical path
- Analyzing schedule and cost risk through probabilistic modeling (Correct answer)
- Calculating earned value metrics
- Ranking risks by priority
Correct 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.
Question 7: Which project document records all identified risks, their analysis, and planned responses?
- Issue log
- Risk register (Correct answer)
- Change log
- Assumption log
Correct answer: Risk register
The risk register is the primary document for capturing identified risks, probability/impact assessments, risk owners, and response plans.
General Project Management Fundamentals 3
A stakeholder requests a deliverable not included in the agreed scope.
This is an example of: