Quiz Questions Flashcards
Which project life cycle model is most appropriate for a project with a well-defined and unchanging scope, budget, and schedule?
Waterfall
The Waterfall project life cycle model is a traditional, linear approach to project management that is best suited for projects that have a well-defined scope, budget, and schedule and require a high degree of control and predictability. The Waterfall model is divided into distinct phases, such as planning, design, development, testing, and deployment, and each phase must be completed before the next one begins. It does not allow for much changes once the project is in progress and it is best for projects that are well understood and have clearly defined objectives.
Which of the following best describes the difference between a project, a program, and a portfolio?
The correct answer is that a project is a temporary endeavor to create a unique product or service, a program is a group of related projects, and a portfolio is a collection of programs and projects.
What is the main difference between a project and operations?
The best answer is that a project is unique and operations are ongoing and repetitive
Describes the difference between a predictive and an adaptive approach?
A predictive approach is focused on a fixed plan and an adaptive approach is focused on flexibility and change.
Describe the differences between an issue, a risk, an assumption, and a constraint?
An issue is a problem that has already occurred, a risk is a potential problem, an assumption is a condition that is believed to be true, and a constraint is a limitation on the project.
What are the key elements of scope in project management?
Project Scope Statement: Defines the project objectives, deliverables, boundaries, and exclusions.
Requirements: Specifies what is needed to meet stakeholder expectations.
Deliverables: Tangible or intangible outputs produced by the project.
Work Breakdown Structure (WBS): A hierarchical decomposition of project tasks and deliverables.
Scope Baseline: Includes the scope statement, WBS, and WBS dictionary; used for comparison during project execution.
Change Control: Processes for managing changes to the scope to prevent scope creep.
Acceptance Criteria: Conditions under which deliverables are accepted by stakeholders.
A project manager is in charge of a construction project and is offered a bribe from a supplier to award the contract to them. According to the Project Management Code of Ethics, what should the project manager do?
The PMI Code of Ethics and Professional Conduct states that project managers should report any illegal or unethical behavior to the appropriate authorities. Accepting bribes is considered unethical and illegal in most of the countries, so the project manager should report it to the relevant authorities.
How can a project be a vehicle for change?
A project can be a vehicle for change by creating a unique product or service, implementing new processes or technologies, and achieving specific objectives. These actions can bring changes to the organization, society or industry. Also, by providing new solutions or ways of working, a project can help to improve performance and productivity, increase efficiency and effectiveness, and create new opportunities.
A project manager is in charge of a software development project and discovers that one of the team members has been sharing confidential information about the project with a competitor. According to the PMI Code of Ethics and Professional Conduct, what should the project manager do?
The PMI Code of Ethics and Professional Conduct states that project managers should report any illegal or unethical behavior to their employer, as they are responsible for ensuring the integrity of the project and the well-being of the stakeholders. The project manager should report the situation to their employer and follow their company’s policy for handling such situations. The employer should then handle the situation accordingly, which might include reporting to the relevant authorities if required.
Which project management life cycle model is most appropriate for a project that requires a high degree of flexibility and adaptability?
The Agile project management life cycle model is a flexible, iterative and adaptive approach to project management that is best suited for projects that require a high degree of flexibility and adaptability. Agile methodologies, such as Scrum and Kanban, are designed to be responsive to change and to deliver value to the customer in an incremental and iterative manner.
