Project Management Fundamentals Of Project Management 2 — Questions and Answers
Question 1: Which document formally authorizes a project and gives the project manager authority to apply organizational resources?
- Project Management Plan
- Project Charter (Correct answer)
- Scope Statement
- Business Case
Correct answer: Project Charter
The Project Charter formally authorizes the project's existence and grants the project manager authority to use resources.
Question 2: A project is BEST described as which of the following?
- Ongoing operational work producing recurring outputs
- A temporary endeavor undertaken to create a unique product, service, or result (Correct answer)
- A continuous process with no defined end date
- A routine business function performed repeatedly
Correct answer: A temporary endeavor undertaken to create a unique product, service, or result
By definition, a project is temporary (has a defined start and end) and produces a unique deliverable.
Question 3: What is the term for the approved version of the project scope, schedule, and cost that can only be changed through formal change control?
- Project Plan
- Baseline (Correct answer)
- Milestone
- Work Breakdown Structure
Correct answer: Baseline
A baseline is the approved snapshot of scope, schedule, or cost used to measure project performance.
Question 4: Which process group involves defining and authorizing a new project or project phase?
- Planning
- Executing
- Initiating (Correct answer)
- Monitoring and Controlling
Correct answer: Initiating
The Initiating process group formally starts a project or phase by defining objectives and getting authorization.
Question 5: The triple constraint in project management refers to balancing which three factors?
- Quality, Risk, and Procurement
- Scope, Schedule, and Cost (Correct answer)
- Resources, Communication, and Stakeholders
- Integration, Planning, and Execution
Correct answer: Scope, Schedule, and Cost
The triple constraint (iron triangle) states that scope, schedule, and cost are interdependent and changing one affects the others.
Question 6: Which project management role is responsible for providing resources and support for the project while championing its success at the executive level?
- Project Manager
- Project Sponsor (Correct answer)
- Functional Manager
- Stakeholder
Correct answer: Project Sponsor
The project sponsor is the senior executive who champions the project, provides funding, and removes organizational obstacles.
Question 7: What is a milestone in project management?
- A task that requires significant effort to complete
- A significant point or event in a project with zero duration (Correct answer)
- A resource assigned to a critical deliverable
- A document summarizing project progress
Correct answer: A significant point or event in a project with zero duration
Milestones mark significant events or achievements in a project and have no duration of their own.
Project Management Fundamentals Of Project Management 2
Which document formally authorizes a project and gives the project manager authority to apply organizational resources?