Project Management Project Governance and Compliance Questions and Answers

Question 1

A project is approaching the end of a major phase.
According to the project governance plan, a formal review is required where key stakeholders and the sponsor will decide whether to provide additional funding and authorize the start of the next phase.
This formal governance checkpoint is BEST known as a:

Accepted Answer

Phase Gate review

Answer

Sprint Retrospective

Answer

Project Kick-off Meeting

Answer

Lessons Learned Session

Question 2

Which of the following is a primary function of a project steering committee within a project governance framework?

Accepted Answer

Providing high-level strategic direction and making key go/no-go decisions.

Answer

Developing the detailed work breakdown structure (WBS).

Answer

Performing the daily project tasks and activities.

Answer

Managing the procurement of project resources and materials.

Question 3

A project manager is leading a project in the pharmaceutical industry. During execution, a new federal regulation concerning clinical trial data reporting is enacted. What should be the project manager's FIRST action to ensure compliance?

Accepted Answer

Immediately consult with the organization's legal and regulatory departments to assess the impact.

Answer

Continue with the project as planned and wait for formal guidance from the PMO.

Answer

Delegate the task of researching the new regulation to a junior team member.

Answer

Halt all project activities until the regulation is fully understood by the entire team.

Question 4

An organization has a Project Management Office (PMO) that provides project managers with templates, best practices, and training upon request. The PMO serves as a repository of information but does not enforce compliance with its methodologies. What type of PMO is this?

Accepted Answer

Supportive

Answer

Directive

Answer

Controlling

Answer

Hybrid

Question 5

During a post-project audit, it was discovered that a vendor was selected without following the mandatory three-bid process outlined in the organization's procurement policy. This represents a failure in which area of compliance?

Accepted Answer

Organizational compliance

Answer

Regulatory compliance

Answer

Ethical compliance

Answer

Contractual compliance

Question 6

Which of the following BEST describes the primary purpose of a project governance framework?

Accepted Answer

To establish the structure, processes, and decision-making models for managing and controlling the project.

Answer

To provide a detailed, day-to-day work plan for the project team.

Answer

To exclusively manage and log project risks and issues.

Answer

To replace the need for an assigned project manager through automation.