Project Management Module 4

What are some traditional project management methods mentioned in the passage?

• Waterfall, Agile, and Scrum

• Lean, Six Sigma, and Kanban

• PRINCE2, PMBOK, and Critical Path Method

• All of the above

According to the passage, PMBOK is not technically considered as:

• a standard

• a guideline

• a methodology

• a framework

What is the purpose of PERT as described in the passage?

• To estimate project timelines

• To allocate resources efficiently

• To manage project risks

• To improve team communication

PERT was developed for which project and when?

• In 1958 for the Polaris missile project

• In 1960 for the Apollo space program

• In 1955 for the Manhattan Project

• In 1965 for the Vietnam War effort

The Critical Path Method (CPM) is used in project management to:

• Identify the longest path of planned activities to the end of the project

• Allocate resources efficiently

• Manage project costs

• Improve team communication

What is Critical Chain Project Management (CCPM) and how does it differ from CPM?

• CCPM focuses on resource management and buffers, while CPM focuses on task order and timing.

• CCPM and CPM are identical in approach and methodology.

• CCPM is used only in software projects, while CPM is used in construction.

• CCPM eliminates the need for project scheduling, unlike CPM.

The Waterfall Method is a model used in which type of development?

• Software development

• Hardware development

• Both software and hardware development

• None of the above

CCPM applies the theory of constraints to project management by focusing on what key aspect?

• Resource optimization

• Time management

• Cost reduction

• Quality improvement

PRINCE2 is a project management methodology that focuses on what aspect?

• Processes and control

• Team collaboration

• Customer satisfaction

• Resource allocation

According to the Merriam-Webster Dictionary, how is 'complex' defined?

• A combination of interconnected parts

• A simple structure

• An unrelated group of items

• A single element