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Project Management Fundamentals Flashcards

6 cards from real OM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Project Management Fundamentals flashcards as text
  1. What are the five process groups in OM project management?

    Answer: Initiating, Planning, Executing, Monitoring & Controlling, Closing

    The five groups cover the lifecycle: Initiating, Planning, Executing, Monitoring & Controlling, and Closing.

  2. What is the critical path in OM project scheduling?

    Answer: The longest sequence of dependent tasks determining minimum duration

    The critical path identifies the longest chain of dependent tasks; delays on these directly delay project completion.

  3. What is scope creep in OM project management?

    Answer: Uncontrolled scope expansion without adjusting time, cost, or resources

    Scope creep adds requirements without formal evaluation, causing schedule delays and budget overruns.

  4. What is a work breakdown structure in OM practice?

    Answer: Hierarchical decomposition of deliverables into manageable work packages

    A WBS breaks total scope into progressively smaller components for easier estimation, scheduling, and tracking.

  5. What is the triple constraint in OM project management?

    Answer: The interdependent relationship between scope, time, and cost

    Scope, time, and cost are interdependent: changing one affects the others. Managers must balance all three.

  6. What is a milestone in OM project management?

    Answer: A significant event marking progress at a key point in the timeline

    Milestones are significant checkpoints marking completion of major deliverables or phase transitions.

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Sources & references

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  1. iaap-capstone.org — Registration · verified Oct 2026
  2. iaap-hq.org — Renewal, score validity, fees, test dates · verified Oct 2026