Tools like Gantt charts and Kanban boards help benefit team members in what three ways?

• They can translate project contracts like the statement of work (SOW) into number and dollar amounts

• They provide clear context about work project details

• They can illustrate when they need to complete their individual tasks

• They can demonstrate how their individual tasks connect to other tasks in the project

What are the benefits of Agile projects? Select all that apply.

• They embrace the reality that the world, markets, and users are uncertain and unpredictable.

• They help the customer realize—and receive—the product they really wanted.

• They deliver one product release at the end of the project, which helps save time and energy.

• They seek out ways to work more efficiently by streamlining processes without losing value.

As a project manager selecting a vendor, you first need to outline the details and requirements of your project in order to solicit bids. Which procurement document helps with this task?

• A request for proposal (RFP)

• A Statement of Work (SOW)

• A non-disclosure agreement (NDA)

• A work breakdown structure (WBS)

To create a well-organized budget, a project manager includes different types of expenditures. Which type of budget expense creates a future benefit for a company?

• Historical expenses

• Capital expenses (CAPEX)

• Indirect expenses

• Operating expenses (OPEX)

Fill in the blank: A Scrum Team should be _____, which means people with different skill sets in the organization work together to complete the project successfully.

• organized

• decisive

• self-disciplined

• cross-functional

Associate the project phase to core tasks in a typical project LC: Identify resources

• initiating

• planning

• executing

• closing

Imagine a project manager oversees their company’s transition to a new financial management system. They determine that the project goal is to make the financial portal easier for employees to use. They also identify key stakeholders and outline project objectives. During which phase of the project life cycle do these activities take place?

• Close the project

• Execute and complete tasks

• Initiate the project

• Make a plan

Which of the following are basic components of a risk management plan? Select all that apply.

• Mitigation plans

• A risk register

• A probability and impact matrix

• A Gantt chart

Which Scrum Role is primarily responsible for owning and updating the Product Backlog?

• High-Influence Stakeholder

• Development Team

• Scrum Master

• Product Owner

As a project manager, your team is creating a product that will require flexibility—changes are likely to occur. Also, tasks will overlap or happen at the same time as other tasks. Which project management methodology is the best for your project?

• Circular methodology

• Waterfall methodology

• Iterative methodology

• Linear methodology