Project Management Quiz

What is the purpose of a Change Control Board in project management?

• To formally approve project schedules

• To manage project budgets

• To review and assess changes to the project

• To distribute project deliverables

Which estimating technique aggregates the estimates of lower-level components of the work breakdown structure?

• Analogous Estimating

• Bottom-Up Estimating

• Baseline Estimating

• Backward Pass

What does the term "Actual Cost (AC)" refer to in project management?

• The budgeted cost for work scheduled

• The estimated cost at completion

• The total cost at project completion

• The actual cost incurred for the work performed during a specific time period

What is described by a Communications Management Plan?

• The procedures for managing project risks

• How information will be administered and distributed

• The schedule for project completion

• The guidelines for project quality control

What is the function of a Configuration Management System in project management?

• To track and control budget changes

• To monitor and control changes to project artifacts and monitor

• To manage team communications

• To establish project baselines

What is the purpose of a Cost Management Plan in project management?

• To define how costs will be reported and controlled

• To outline the project's quality management processes

• To provide a timeline for project deliverables

• To establish communication protocols within the team

Which method is used to estimate the minimum project duration and enhance scheduling flexibility?

• Critical Chain Method

• Decomposition

• Earned Value Management

• Defect Repair

What does the Cost Performance Index (CPI) measure?

• The efficiency of budgeted resources expressed as the ratio of earned value to actual cost

• The total cost forecast of the project at the end based on current spending

• The amount of budget shortfall or surplus at a given time

• The number of work periods required to complete an activity

What is the primary focus of Earned Value Management?

What is the function of the Critical Path in project management?

• It is the sequence of activities with no float that determines the shortest project duration

• It is a method to modify nonconforming products

• It is used to estimate the total cost of the project at completion

• It is a technique for dividing project deliverables into smaller parts