Project Governance and Compliance 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 Project Governance and Compliance flashcards as text
A project manager receives a gift from a vendor seeking a contract award. According to PMI's Code of Ethics, what is the BEST course of action?
Answer: Decline the gift and disclose the situation to the appropriate party
PMI's Code of Ethics requires project managers to avoid conflicts of interest and situations that could compromise their impartiality, including receiving gifts from vendors.
What is the PRIMARY difference between project governance and project management?
Answer: Governance establishes the decision-making framework and accountability structures while management executes within that framework
Governance defines the authority, accountability, and oversight structures, while project management operates within those structures to deliver the project.
A company requires all IT projects to undergo a security review before go-live. The project manager skips this step due to schedule pressure. This MOST directly violates which concept?
Answer: Organizational governance and compliance requirements
Skipping a mandatory organizational review violates the governance and compliance requirements established by the organization's policies.
Which technique helps a project manager ensure all compliance requirements are tracked and met throughout the project?
Answer: Compliance requirements traceability matrix
A compliance requirements traceability matrix maps each regulatory or policy requirement to specific project deliverables, ensuring nothing is overlooked.
During a project health check, an auditor finds that change requests are being informally approved via email without going through the change control board. This indicates a failure in:
Answer: Project governance controls
Bypassing the change control board breaks down the governance controls designed to protect project baselines and ensure accountability for changes.
Which of the following is an example of a REGULATORY compliance requirement for a US-based construction project?
Answer: Adhering to OSHA safety standards on the job site
OSHA (Occupational Safety and Health Administration) sets legally mandated safety standards that all US construction projects must comply with.
A project governance framework includes escalation thresholds. What is the PRIMARY benefit of defining these thresholds?
Answer: Ensuring issues are resolved at the appropriate authority level without unnecessary escalation or delay
Escalation thresholds route issues to the right decision-maker efficiently, preventing both under-escalation of serious problems and over-escalation of minor ones.