Tools, Methods, Policies

Question 1

What is the purpose of a baseline in project management?

Answer 1

To provide a reference point for measuring project performance and progress

A baseline is typically established at the beginning of a project and includes the project’s scope, schedule, and cost.

Question 2

What does the term ‘stakeholder’ refer to?

Answer 2

Individuals or groups who have an interest in the outcome of a project

Stakeholders can include clients, team members, sponsors, and end users.

Question 3

Fill in the blank: The _______ is a tool used for prioritizing project requirements.

Answer 3

MoSCoW

MoSCoW stands for Must have, Should have, Could have, and Won’t have.

Question 4

What is the significance of the ‘Five Whys’ technique?

Answer 4

It is a problem-solving method used to identify the root cause of an issue

This technique involves asking ‘why’ five times to drill down to the underlying cause.

Question 5

True or False: Version control is only applicable to software development.

Answer 5

False

Version control can be applied to any project that requires tracking changes to documents, designs, and other work products.

Question 6

What does ‘MVP’ stand for in project management?

Answer 6

Minimum Viable Product

An MVP is the simplest version of a product that can be released to meet user needs.

Question 7

What does the term ‘change request’ refer to?

Answer 7

A formal proposal to modify any document, deliverable, or baseline

Change requests are essential for managing project scope and ensuring stakeholder approval.

Question 8

Fill in the blank: _______ is a process that involves tracking and managing changes to project requirements.

Answer 8

Configuration Management

Configuration management ensures that all aspects of a project are consistent and controlled.

Question 9

What is the role of prioritization in project management?

Answer 9

To determine the order in which project tasks should be completed

Prioritization helps allocate resources effectively and meet deadlines.

Question 10

What is the purpose of conducting an audit in a project?

Answer 10

To assess the project’s compliance with standards and regulations

Audits help identify areas for improvement and ensure accountability.

Question 11

List three types of stakeholders in a project.

Answer 11

• Clients
• Team members
• Sponsors

Each type of stakeholder may have different interests and levels of involvement in the project.

Question 12

SWOT

Question 13

VUCA

Question 14

ZOPA

Question 15

WBS
CBS
PBS