What is the main goal of a project?

• To perform routine operations

• To produce a unique product, service, or result

• To manage daily tasks

• To oversee business operations

Which of the following is a characteristic of a project?

• Permanent

• Limited in time

• Requires no resources

• Ongoing operational tasks

What does CAPEX stand for?

• Capital Expansion

• Capital Expenditure

• Capacity Expenditure

• Capacity Expansion

Which document defines the project at a high level?

• Project Scope Statement

• Project Charter

• Stakeholder Register

• Risk Register

What is a stakeholder?

• Only the project manager

• A person, group, or organization with interest in the project

• Only the project team

• An external consultant

Which of the following is NOT a phase of the project life cycle?

• Initiation

• Planning

• Execution

• Termination

What is the purpose of a Gantt chart?

• To track the progress of a project

• To manage project costs

• To identify project risks

• To document project requirements

What is a WBS (Work Breakdown Structure)?

• A hierarchical decomposition of the total scope of work

• A list of project risks

• A budget plan

• A project schedule

What does SMART stand for in project objectives?

• Specific, Measurable, Achievable, Relevant, Time-bound

• Strategic, Manageable, Attainable, Realistic, Timely

• Simple, Motivational, Accurate, Reasonable, Timed

• Specific, Manageable, Achievable, Realistic, Tracked

What is risk management?

• The process of identifying, assessing, and controlling project risks

• The process of managing project scope

• The process of allocating project resources

• The process of managing stakeholder communication