6.8 Understanding Project Management Concepts

What is the first phase of the project life cycle?

• Planning

• Execution

• Initiation

• Closure

Which of the following best defines project management?

• The process of creating a new product or service

• The application of knowledge, skills, tools, and techniques to project activities to meet project requirements

• The act of managing a team

• The process of selling a product

Which of the following is NOT a project management process?

• Initiating

• Planning

• Marketing

• Executing

What is the final phase of project management?

• Execution

• Monitoring and Controlling

• Closure

• Planning

In SCRUM, who is responsible for maximising the value of the product?

• Scrum Master

• Product Owner

• Development Team

• Stakeholders

Which of the following is a key principle of Agile?

• Comprehensive documentation

• Following a strict plan

• Customer collaboration over contract negotiation

• Process over people

What does PRINCE2 stand for?

• Projects IN Controlled Environments

• Projects IN Creative Environments

• Projects IN Collaborative Environments

• Projects IN Complex Environments

What is the first step in the DMAIC process?

• Measure

• Analyse

• Define

• Improve

In the DMADV process, what does the 'V' stand for?

• Validate

• Verify

• Value

• Visualise

Which phase of the project life cycle involves the creation of a project charter?

• Planning

• Initiation

• Execution

• Closure