General Project Management Fundamentals 5

Question 1

A project manager is crashing the schedule. Which activities should receive additional resources first?

Accepted Answer

Critical path activities with the lowest cost to accelerate

Answer

Crashing adds resources to critical path activities that provide the greatest schedule reduction for the least additional cost.

Question 2

What is the purpose of a RACI chart in project management?

Accepted Answer

Define roles and responsibilities for project activities

Answer

A RACI chart clarifies who is Responsible, Accountable, Consulted, and Informed for each project task or deliverable.

Question 3

Which type of dependency between activities is MOST common in project schedules?

Accepted Answer

Finish-to-Start (FS)

Answer

Finish-to-Start means a successor activity cannot start until the predecessor has finished, which is the most common logical relationship.

Question 4

A project is 50% complete, had a budget of $200,000, and has spent $120,000 so far. What is the Cost Variance (CV)?

Accepted Answer

-$20,000

Answer

EV = 50% × $200,000 = $100,000; AC = $120,000; CV = EV - AC = $100,000 - $120,000 = -$20,000 (over budget).

Question 5

What is a key characteristic that distinguishes a project from ongoing operations?

Accepted Answer

Projects are temporary and produce a unique result

Answer

A project is defined as a temporary endeavor undertaken to create a unique product, service, or result, unlike repetitive operational work.

General Practice Test