Project Management Introduction

The six competing constraints on a project include:

• Fixed price

• Cost reimbursable

• Cost-Plus

• T&M

The five project management process groups include:

• initiating, planning, executing, monitoring and controlling
• integration, scope, time, cost, and quality
• initiating, planning, executing, monitoring and controllling, and closing
• concept, planning, execution, controlling, and closeout

The project becomes officially authorized through the:

• Fixed price

• Cost reimbursable

• Lump-sum

• Time & Material

Accepted deliverable are an input to which process group

• Initiating
• Planning
• Executing
• Closing

A temporary endeavor that creates a unique product or service is called a:

• Fixed price

• Cost reimbursable

• Lump-sum

• Time & Material

Which process involves subdividing project deliverables and project work into smaller, more manageable portions

• Develop Schedule
• Create WBS
• Estimate Activitiy Resources
• Define Scope

Which of the following contracts should you use for projects that have a degree of uncertainty and require a large investment early in the project life cycle?

• Fixed price

• Cost reimbursable

• Cost-Plus

• T&M

What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?

• 0.03
• 0.06
• 0.10
• 0.50

Which document defines how a project is executed, monitored and controlled, and closed?

• Strategic plan
• Project charter
• Project management plan
• Service level agreement

Which process develops options and actions to enhance opportunities and reduce threats to project objectives?

• Identify Risks
• Monitor Risks
• Plan Risk Management
• Plan Risk Response