Project management is _____.

• the application of knowledge, skills, tools, and techniques to meet the project requirements and achieve the desired outcome 

• the practice of decision-making that is carefully planned and designed to meet the project requirements

• the use of applications that can help you deliver your project on time, and with a successful outcome

• the series of tasks that need to be completed to reach a desired outcome

How do project charters add value to projects?

• Includes a plan to mitigate potential risks

• Set up a framework for what project work the team needs to do

• Help project managers communicate project details to others

• Allow project managers to get organized

Which of the following circumstances indicates that the project is approved to move forward?

• The project manager finishes the project’s deliverables and milestones.

• The finance department approves the budget and the team members have been selected.

• The project sponsor and key stakeholders sign off on the project charter.

• The stakeholders state the cost of the project outweighs the value it brings to the organization.

Fill in the blank: The four common ways to mitigate risk include _____.

• accept it, disregard it, reduce or control it, and transfer it

• accept it, ignore it, reduce or control it, and transfer it

• avoid it, accept it, reduce or control it, and transfer it

• avoid it, accept it, disregard it, and transfer it

Who on the Scrum Team is responsible for meeting customers’ needs and prioritizing the Product Backlog?

• Development Team

• Project Manager

• Scrum Master

• Product Owner

Fill in the blank: Project managers use tools to manage _____, which typically include the project's budget, people, and materials.

• project resources

• project charters

• project timelines

• project proposals

Fill in the blank: A cost-benefit analysis weighs the potential value of a project against money, resources, and _____.

• time

• deliverables

• risk

• difficulty

Which of the following is an example of a measurable goal? Select all that apply.

• Reduce employee turnover

• Achieve a 20% improvement in customer satisfaction ratings based on post-support survey results

• Increase market reach

• Increase product revenue by 5%

Fill in the blank: Risk management is the process of _____.

• identifying and avoiding projects that have a high potential for risk

• identifying and initiating projects that have a low potential for risk

• identifying and mitigating risks and issues that are already impacting a project

• identifying and evaluating potential risks and issues that could impact a project

Which of the following communication tools could a project manager use to create a project tracking report?

• Slack

• Zoom

• Asana

• Google Meet