Strategic Planning & Analysis 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 Strategic Planning & Analysis flashcards as text
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.
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.
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.
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.
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.
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.
How this page was made: written with AI tools and published by Nathan Beja, founder of Practice Test Geeks, who is responsible for its content. Exam facts are checked against the official sources listed below. Not reviewed by a subject-matter expert. Editorial policy
Sources & references
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