Project Management Project Governance and Compliance 4

Question 1

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?

Accepted Answer

Decline the gift and disclose the situation to the appropriate party

Answer

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.

Question 2

What is the PRIMARY difference between project governance and project management?

Accepted Answer

Governance establishes the decision-making framework and accountability structures while management executes within that framework

Answer

Governance defines the authority, accountability, and oversight structures, while project management operates within those structures to deliver the project.

Question 3

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?

Accepted Answer

Organizational governance and compliance requirements

Answer

Skipping a mandatory organizational review violates the governance and compliance requirements established by the organization's policies.

Question 4

Which technique helps a project manager ensure all compliance requirements are tracked and met throughout the project?

Accepted Answer

Compliance requirements traceability matrix

Answer

A compliance requirements traceability matrix maps each regulatory or policy requirement to specific project deliverables, ensuring nothing is overlooked.

Question 5

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:

Accepted Answer

Project governance controls

Answer

Bypassing the change control board breaks down the governance controls designed to protect project baselines and ensure accountability for changes.

Project Management Practice Test

Project Management Practice Test

Project Management Project Governance and Compliance 4