Project Management Week 1 Assignment Answers

6 days ago
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1. An individual who might benefit from or be adversely affected by the project’s outcomes is called a:

  • Stakeholder
  • Customer
  • Sponsor
  • Collaborator
Answer : a

2. What is the correct sequence of Project Management Process Groups? A. B. C. D.

  • Initiating → Executing → Monitoring → Planning → Closing
  • Planning → Initiating → Executing → Controlling → Closing
  • Initiating → Planning → Executing → Monitoring & Controlling → Closing
  • Initiating → Planning → Monitoring → Executing → Closing
Answer : c

3. A document detailing what work needs to be done on the project is known as:

  • Work charter
  • Statement of work
  • Project schedule
  • Scope register
Answer : b

4. Which term best describes a structured effort with a finite timeline aimed at delivering a defined goal?

  • Process
  • Task
  • Project
  • Procedure
Answer : b

5. In managing the risk of the project schedule, we are managing the risk that the project will not be delivered or completed on time. If we assume that the project’s possible completion dates are normally distributed and we promise the client the most likely of the project’s possible completion dates, what is the probability that the project will be delivered late?

  • 40%
  • 50%
  • 60%
  • 70%
Answer : b

6. Which of the following is not considered a project?

  • Designing a new mobile application
  • Conducting a national census
  • Flying a commercial plane on its routine route
  • Organizing a tech conference
Answer : c

7. You notice that a task in the WBS has a cost estimate 15% higher than similar work done in past projects. As a project manager, your best course of action is to:

  • Lower the estimate and move the extra funds to the contingency reserve
  • Trust the team’s judgment and accept the estimate without question
  • Ask the estimator to justify the discrepancy with relevant documentation
  • Reduce the estimate and shift the difference to the management reserve
Answer : c

8. What is the primary goal of project management?

  • To minimize costs
  • To create routine operations
  • To avoid all risks
  • To achieve project objectives within scope, time, and budget
Answer : c

9. Operations and projects are the same because both are temporary in nature and aim for a unique outcome.

  • True
  • False
Answer : b

10. Stakeholders include anyone affected by or involved in the project.

  • True
  • False
Answer : a