MEM Principles of Project Management 3

Question 1

An engineering project manager uses a tornado diagram. What project management process does this tool primarily support?

Accepted Answer

Quantitative risk analysis (sensitivity analysis)

Answer

A tornado diagram ranks risks by their potential impact on an objective, supporting quantitative sensitivity analysis.

Question 2

Float (slack) in a project network schedule is best defined as:

Accepted Answer

The amount of time an activity can be delayed without delaying the project finish date

Answer

Total float is the flexibility available in scheduling a non-critical activity before it affects the project end date.

Question 3

A project manager is applying 'fast tracking' to recover schedule. Which best describes this technique?

Accepted Answer

Performing critical path activities in parallel that were originally planned sequentially

Answer

Fast tracking overlaps activities to shorten the schedule but increases risk because dependencies may not be fully resolved.

Question 4

During a project retrospective, a team identifies that stakeholders received inconsistent status updates. Which planning artifact should be improved going forward?

Accepted Answer

Communications management plan

Answer

The communications management plan defines what information is communicated, to whom, by what method, and how frequently.

Question 5

In the context of project procurement, what is a 'statement of work' (SOW)?

Accepted Answer

A document describing the products, services, or results to be supplied by a vendor

Answer

A SOW provides a detailed description of the procurement item so potential sellers can determine whether they can provide it.

MEM - Master of Engineering Management Practice Test

MEM - Master of Engineering Management Practice Test

MEM Principles of Project Management 3