Understanding Project Management Basics

What are the four key elements involved in project management?

• Resources, money, time, and quality

• Resources, money, time, and scope

• Resources, money, quality, and scope

• Resources, quality, time, and scope

Which of the following is the first step in project management?

• Planning

• Execution

• Initiation

• Closure

In project management, which element is concerned with the financial aspect?

• Resources

• Money

• Time

• Scope

What is the primary focus during the planning step of project management?

• Completing the project

• Defining the project scope and objectives

• Allocating resources

• Closing the project

Which step in project management involves the actual work being done to complete the project?

• Initiation

• Planning

• Execution

• Closure

What is the final step in the project management process?

• Initiation

• Planning

• Execution

• Closure

Which element of project management is concerned with the boundaries and deliverables?

• Resources

• Money

• Time

• Scope

During which step of project management are resources typically allocated?

• Initiation

• Planning

• Execution

• Closure

Which element of project management involves scheduling and deadlines?

• Resources

• Money

• Time

• Scope

What is the purpose of the closure step in project management?

• To initiate the project

• To plan the project

• To execute the project

• To formally close the project and review its success