Concept Flashcards
7 cards from real Project Management practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Concept flashcards as text
What is the difference between a 'project assumption' and a 'project constraint'?
Answer: Assumptions are factors considered true without proof; constraints are limiting factors that restrict options
Assumptions are believed to be true for planning purposes but carry risk if wrong, while constraints are actual limitations that restrict project choices.
Which concept refers to the total amount of work products and activities that the project will perform?
Answer: Project scope
Project scope encompasses all the work — and only the work — required to complete the project successfully.
What does 'portfolio management' involve in relation to projects?
Answer: Selecting and managing a collection of projects and programs aligned with strategic goals
Portfolio management focuses on selecting and prioritizing the right mix of projects and programs to achieve organizational strategic objectives.
In which process group does the project manager identify stakeholders for the first time?
Answer: Initiating
Stakeholder identification begins in the Initiating process group, alongside the development of the Project Charter.
What is the purpose of a 'kick-off meeting' in project management?
Answer: To formally signal the start of the project and align the team on objectives
A kick-off meeting formally launches the project, aligns all key stakeholders, and establishes shared understanding of goals and roles.
Which concept describes accepting a lesser short-term result to achieve a more beneficial long-term outcome in project management?
Answer: Trade-off analysis
Trade-off analysis involves consciously accepting compromise in one area (e.g., cost) to gain advantage in another (e.g., schedule) based on project priorities.
What is meant by 'project governance'?
Answer: The framework of rules, responsibilities, and processes that guide project decisions and accountability
Project governance provides the structure, processes, decision-making models, and accountability mechanisms that guide how projects are managed.