PFQ LO#4.1

What is the term 'deployment baseline' used to define?

• The initial project budget
• The project's schedule
• The point of comparison for project performance
• The project's final deliverable

Answer explanation

The correct answer is "The point of comparison for project performance." Relevant Passage: "Deployment baseline: The point of comparison for project performance."

How do deployment baselines differ between linear and iterative life cycles?

• They are more flexible in linear life cycles
• They are set once and do not change in iterative life cycles
• They can be adjusted at the end of each iteration in iterative life cycles
• They do not exist in iterative life cycles

Answer explanation

The correct answer is "They can be adjusted at the end of each iteration in iterative life cycles." Relevant Passage: "Deployment baselines differ between linear and iterative life cycles... can be adjusted at the end of each iteration in iterative life cycles."

Who are the stakeholders of a project management plan?

• Only the project manager
• Only the project team
• The project sponsor, project team, end users, and other key stakeholders
• The project manager and the sponsor only

Answer explanation

The correct answer is "The project sponsor, project team, end users, and other key stakeholders." Relevant Passage: "Stakeholders of a project management plan include the project sponsor, project team, end users, and other key stakeholders."

What is the primary purpose of a business case?

• To detail the project timeline
• To justify the investment and gain commitment from the host organisation
• To assign tasks to team members
• To track project progress

Answer explanation

The correct answer is "To justify the investment and gain commitment from the host organisation." Relevant Passage: "The purpose of a business case is to: justify the investment and gain commitment from the host organisation in terms of funding."

Who is responsible for creating the outline business case in the concept phase?

• Project Manager
• Project Sponsor
• Project Team Members
• End Users

Answer explanation

The correct answer is "Project Sponsor." Relevant Passage: "Concept phase... Creates an outline business case to justify investment."

What is 'benefits management'?

• The process of managing project risks
• The identification, definition, planning, tracking, and realisation of benefits
• The evaluation of project costs
• The allocation of project resources

Answer explanation

The correct answer is "The identification, definition, planning, tracking, and realisation of benefits." Relevant Passage: "Benefits management is a process that supports... identification, definition, planning, tracking and realisation of benefits."

Which estimating method involves comparing with similar past projects?

• Analytical
• Analogous
• Parametric
• Predictive

Answer explanation

The correct answer is "Analogous." Relevant Passage: "Typical estimating methods (including analytical, analogous, parametric)."

What is the purpose of the estimating funnel?

• To narrow down the project scope
• To increase project funding
• To improve the accuracy of estimates over time
• To manage project resources

Answer explanation

The correct answer is "To improve the accuracy of estimates over time." Relevant Passage: "The purpose of the estimating funnel is to improve the accuracy of estimates over time."

Why is it important to establish success criteria at the start, during, and at the handover of a project?

• To ensure project tasks are completed on time
• To keep stakeholders happy
• To measure project performance and ensure objectives are met
• To track project expenses

Answer explanation

The correct answer is "To measure project performance and ensure objectives are met." Relevant Passage: "Success criteria are concerned with the satisfaction of stakeholder needs for the deployment of a project... to measure project performance and ensure objectives are met."

What is one of the benefits of project progress reporting?

• It eliminates the need for stakeholder meetings
• It provides a basis for project cancellation
• It keeps stakeholders informed and engaged
• It increases project costs

Answer explanation

The correct answer is "It keeps stakeholders informed and engaged." Relevant Passage: "The purpose and benefits of project progress reporting... keeps stakeholders informed and engaged."