Project Management Quiz

What are the phases of the project lifecycle?

• Initiation, planning, execution, monitoring/control, and close/review

• Design, development, testing, deployment, and maintenance

• Analysis, design, implementation, testing, and evaluation

• Concept, development, testing, launch, and feedback

What is the role of contingency planning in project management?

• To prepare for positive and negative risks

• To allocate resources efficiently

• To schedule project tasks

• To manage team communication

What is the role of sponsors in a project?

• To provide financial support

• To manage daily tasks

• To design project plans

• To execute project tasks

Which of the following is NOT a task in the critical path shown in the diagram?

• Build roof

• Install carpeting

• Dig foundation

• Build walls

What is the purpose of breaking a project into tasks in CPM?

• To reduce project costs

• To estimate each task's duration

• To increase team size

• To simplify project design

What information can you find in a Gantt chart regarding tasks?

• Task start and finish times

• Task color codes

• Task budget

• Task location

In a RACI chart, what does the "R" stand for?

• Responsible

• Accountable

• Consulted

• Informed

What is the impact of real-time dashboards on staffing?

• Increases the number of staff needed

• Reduces the number of staff involved in data collection

• Has no impact on staffing

• Requires additional training for all staff

How do real-time dashboards affect cost management?

• They increase costs due to complexity

• They have no effect on cost management

• They lead to cost savings through better resource management

• They require additional financial investment

What is a benefit of real-time data analysis?

• It provides outdated information

• It gives businesses an edge over their competition

• It requires more manual intervention

• It slows down decision-making processes