Understanding IT Project Management

What is the primary purpose of a feasibility study in IT project management?

• To determine the project's budget

• To assess the project's viability and potential for success

• To create a detailed project schedule

• To identify the project team members

Which of the following is NOT a typical phase in the project management lifecycle?

• Initiation

• Execution

• Termination

• Closure

In project planning, what is the main purpose of a Gantt chart?

• To allocate resources

• To track project risks

• To visually represent the project schedule

• To document project requirements

What is a common method used to identify potential risks in a project?

• SWOT analysis

• PERT chart

• Fishbone diagram

• Gantt chart

Which of the following best describes the term "project requirements"?

• The financial resources needed for the project

• The tasks and activities to be completed

• The criteria and conditions that must be met for project success

• The team members involved in the project

What is the primary goal of the project monitoring process?

• To develop a project plan

• To ensure the project stays on track and within budget

• To identify new project opportunities

• To close the project

Which of the following is a key component of the project initiation phase?

• Creating a detailed project schedule

• Conducting a feasibility study

• Monitoring project progress

• Closing project contracts

What is the main difference between a risk and an issue in project management?

• Risks are positive, issues are negative

• Risks are potential future events, issues are current problems

• Risks are internal, issues are external

• Risks are unavoidable, issues can be resolved

Which document outlines the scope, objectives, and participants in a project?

• Project charter

• Risk register

• Gantt chart

• Feasibility report

What is the purpose of a risk register in project management?

• To list all project tasks

• To document and track potential project risks

• To allocate project resources

• To schedule project meetings