Key Project Management Terms Flashcards
What is the primary goal of project management?
To achieve project objectives within defined constraints such as time, budget, and scope.
True or False: A project is a temporary endeavor undertaken to create a unique product, service, or result.
True
Fill in the blank: The __________ phase involves defining the project scope and objectives.
Initiation
What are the five process groups in project management?
Initiating, Planning, Executing, Monitoring and Controlling, Closing
Which document formally authorizes a project?
Project Charter
What is a stakeholder in project management?
Any individual or group that has an interest in the outcome of a project.
True or False: Risk management is a process that involves identifying, assessing, and responding to project risks.
True
What is the purpose of a Work Breakdown Structure (WBS)?
To break down a project into smaller, more manageable components.
Short Answer: What is a Gantt chart used for?
To visually represent the project schedule and track progress.
Multiple Choice: What is the critical path in project management?
The longest sequence of activities that must be completed on time for the project to finish on schedule.
What is scope creep?
The uncontrolled expansion of project scope without adjustments to time, cost, and resources.
True or False: Agile is a project management methodology that emphasizes flexibility and customer satisfaction.
True
Fill in the blank: The __________ process involves monitoring project performance and making adjustments as needed.
Monitoring and Controlling
What is a milestone in project management?
A significant point or event in a project timeline.
Multiple Choice: Which of the following is NOT a project constraint?
Quality
What is the purpose of a project management plan?
To outline how the project will be executed, monitored, and controlled.
Short Answer: What does the acronym SMART stand for in project objectives?
Specific, Measurable, Achievable, Relevant, Time-bound.
True or False: A project manager is responsible for the overall success of the project.
True
What is resource leveling?
A technique used to resolve resource conflicts by adjusting the project schedule.
Fill in the blank: The __________ phase involves finalizing all project activities and formally closing the project.
Closing
What is the difference between quality assurance and quality control?
Quality assurance focuses on processes, while quality control focuses on outputs.
Multiple Choice: Which tool is commonly used for risk analysis?
Risk Matrix
What is a project sponsor?
An individual who provides support and resources for the project and is accountable for its success.
