Project Management & Execution Flashcards

What is the main goal of the project closing process?

Answer: Formally complete all work and obtain final acceptance

Closing finalizes all activities, obtains acceptance, archives records, and releases resources.

A key resource suddenly leaves mid-project. This is best handled as:

Answer: A risk event requiring resource replan using the risk and resource plans

Loss of a resource is a risk event handled through contingency and resource management planning.

Which conflict resolution technique is considered most effective in producing a lasting resolution?

Answer: Collaborate/problem solve

Collaborating addresses the root problem and produces win-win outcomes.

Fast tracking a schedule means:

Answer: Performing activities in parallel that were originally sequential

Fast tracking overlaps activities to shorten duration, often increasing rework risk.

Which metric forecasts the total cost at completion if current cost efficiency continues, given BAC $100,000 and CPI 0.8?

Answer: $125,000

EAC = BAC ÷ CPI = 100,000 ÷ 0.8 = $125,000.

Validate Scope differs from Control Quality because it focuses on:

Answer: Customer acceptance of deliverables

Validate Scope is the formal acceptance of completed deliverables by the customer or sponsor.

Which document records identified risks, their owners, and planned responses?

Answer: Risk register

The risk register captures risks, probability, impact, owners, and response strategies.