General Project Management Fundamentals 4

Question 1

A project manager is using fast-tracking to compress the schedule. This means:

Accepted Answer

Performing activities in parallel that were originally sequential

Answer

Fast-tracking overlaps activities that would normally be done in sequence, which can reduce duration but increases risk.

Question 2

What is the difference between a risk and an issue in project management?

Accepted Answer

A risk is an uncertain future event; an issue is a current problem that has already occurred

Answer

A risk is a potential future event with uncertainty; once it occurs and requires action, it becomes an issue.

Question 3

Which stakeholder engagement level means a stakeholder is aware of the project but resistant to change?

Accepted Answer

Resistant

Answer

The Resistant engagement level describes stakeholders who know about the project but actively oppose it or the changes it brings.

Question 4

When is the cost of making changes LOWEST during a project lifecycle?

Accepted Answer

During the initiating and planning phases

Answer

Changes cost significantly less early in the project because little work has been done and fewer resources have been committed.

Question 5

A project manager wants to identify which risks deserve the most attention. Which technique produces a Heat Map or Probability-Impact Matrix?

Accepted Answer

Qualitative risk analysis

Answer

Qualitative risk analysis uses a Probability and Impact Matrix to prioritize risks based on their likelihood and potential effect.

General Practice Test