PM 2.01 Review

What is the purpose of the project charter?

• To assess project risks

• To define the project budget

• To formally initiate the project and empower the project manager

• To create a detailed project schedule

What does the Project statement of work (SOW) include?

• Resource allocation, Procurement strategy, Change management process, Project closure criteria

• Risk assessment, Stakeholder analysis, Quality control measures, Communication plan

• Project manager responsibilities, Team member roles, Budget, Timeline

• Objectives, Scope, Schedule, Price, Key assumptions, Acceptance

What is included in the business case document?

• Business need and cost-benefit analysis

• Quality assurance metrics and performance indicators

• Project schedule and resource allocation

• Stakeholder communication plan

What is a contract in the context of project management?

• A mutually binding agreement between the seller and the buyer

• A document outlining project risks and mitigation strategies

• A formal report on project progress and deliverables

• A detailed analysis of project stakeholder interests

What are Enterprise Environmental Factors (EEF) in project management?

• External and internal factors that influence project success

• Risk management strategies and contingency plans

• Financial reports and budget forecasts

• Project management software and tools

What are Organizational Process Assets in project management?

• Process related assets from organizations involved in the project

• Financial assets and investment portfolios

• Human resource management strategies

• Marketing and advertising campaigns

What is Expert Judgment in project management?

• Relying solely on automated project management tools

• Assessment of inputs using specialized knowledge or training

• Random decision making without any expertise

• Trial and error approach to project management

What is the purpose of the project charter?

• To formally initiate the project and empower the project manager

• To define the project budget

• To create a detailed project schedule

• To assess project risks

What does the Project statement of work (SOW) include?

• Resource allocation, Procurement strategy, Change management process, Project closure criteria

• Risk assessment, Stakeholder analysis, Quality control measures, Communication plan

• Project manager responsibilities, Team member roles, Budget, Timeline

• Objectives, Scope, Schedule, Price, Key assumptions, Acceptance

What is included in the business case document?

• Stakeholder communication plan

• Project schedule and resource allocation

• Business need and cost-benefit analysis

• Quality assurance metrics and performance indicators