4
Q:

Importance of project life cycle? 

Answer:



Q:

An important tool for project scope management is

A) Fast tracking B) Work breakdown structure
C) Crashing D) A Gantt Chart
 
Answer & Explanation Answer: B) Work breakdown structure

Explanation:

Work breakdown structure is an important tool for project scope management.

 

Project Scope Management refers to the set of processes that ensure a project’s scope is accurately defined and mapped. Scope Management techniques enable project managers and supervisors to allocate just the right amount of work necessary to successfully complete a project—concerned primarily with controlling what is and what is not part of the project’s scope.

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5 2680
Q:

4 phases of project management are

Answer

The project management life cycle describes high-level processes for delivering a successful project.


The project management life cycle is usually broken down into four phases:


1. Initiation and Planning,


2. Execution,


3. Project Monitoring and Control, and


4. Project Closing.

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4 1535
Q:

Who Creates The Project Charter?

A) Sponser B) Stake holder
C) Customer D) None
 
Answer & Explanation Answer: D) None

Explanation:

The project initiator or sponsor should be at a level that is appropriate to funding the project. They will either create the project charter or delegate that duty to the project manager.

Projects are authorized by someone external to the project such as a sponsor, PMO or portfolio steering committee.

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Filed Under: PMP Certification
Job Role: Analyst , Project Manager

9 2545
Q:

What is the Purpose of a Project Charter?

Answer

 


1. Project Charter refers to a statement of objectives in a project.


 
2. It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager.


 
3. It serves as a reference of authority for the future of the project. The terms of reference are usually part of the project charter.

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4 1664
Q:

A project in PMP can be defined as a :

A) Permanent endeavor that produces repetitive outputs B) Temporary endeavor undertaken to create a unique product, service, or result
C) Permanent endeavor undertaken to create a unique product, service, or result D) Temporary endeavor that produces repetitive outputs
 
Answer & Explanation Answer: B) Temporary endeavor undertaken to create a unique product, service, or result

Explanation:
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6 2071
Q:

Typically not referred to as a buffer type in critical chain project management is ______.

A) Free Buffer B) Resource Buffer
C) Project Buffer D) Feeding Buffer
 
Answer & Explanation Answer: A) Free Buffer

Explanation:
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7 4003
Q:

Decomposing tasks into smaller activities can be helpful in reducing the amount of stress associated with overwhelmingly large milestones. What is a feature of the hierarchical nature of the WBS? 

A) A WBS hierarchy prevents duplication B) A WBS cab be rolled up or collapsed to provide information at the appropriate level for a particular audience.
C) The decomposition of tasks provides a detailed planning tool D) The depth of a WBS is restricted to three levels, which avoids overplanning
 
Answer & Explanation Answer: B) A WBS cab be rolled up or collapsed to provide information at the appropriate level for a particular audience.

Explanation:

Answer A is incorrect because the WBS hierarchy does not prevent duplication by itself. Answer C is incorrect because a WBS is focused on deliverables and components or work packages and not on tasks. Answer D is incorrect because a WBS can be sized appropriately to the project size with as many levels as necessary.

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2 5739
Q:

Why are CPM, GERT, and PERT not considered sufficient to create a project schedule?

A) All three are tools and techniques of schedule development, not the actual schedule B) As mathemetical analysis tools, they simply provide the dates that are posible, and do not consider resource pool limitations
C) They are sufficient. Each calculates early and late start and finish dates for each activity D) They are Monte Carlo techniques used to provide what-if analysis for adverse external factors on a project
 
Answer & Explanation Answer: B) As mathemetical analysis tools, they simply provide the dates that are posible, and do not consider resource pool limitations

Explanation:

Answer A is tempting because it is true by definition, but Answer B is correct because it properly answers the question, in that these techniques do not take into account resource pool constraints. Answer C is incorrect because it provides possible early and late start and finish dates, but not the actual schedules. Answer D is incorrect because none of the the three are simulation techniques. 

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2 10063