Project Management Concept 4

Question 1

What is a 'deliverable' in the context of project management?

Accepted Answer

Any unique and verifiable product, result, or capability produced to complete a process or project

Answer

A deliverable is any measurable, tangible outcome or result that must be produced to complete the project or a phase.

Question 2

Which concept describes the relationship where the cost of making changes increases significantly as a project progresses?

Accepted Answer

Cost of change curve

Answer

The cost of change curve shows that changes made early in a project are far cheaper than changes made during later phases.

Question 3

In project management, what does 'baseline' refer to?

Accepted Answer

The approved version of a plan used as a basis for comparison

Answer

A baseline is the approved version of scope, schedule, or cost against which actual project performance is measured.

Question 4

What is 'gold plating' in project management?

Accepted Answer

Adding extra features beyond what was specified without authorization

Answer

Gold plating occurs when the project team adds unauthorized features or enhancements beyond the agreed scope, even with good intentions.

Question 5

What is a 'project life cycle'?

Accepted Answer

The series of phases a project passes through from initiation to closure

Answer

The project life cycle represents all the phases a project goes through from start to finish, providing a structured framework for managing work.

Project Management Practice Test