IPM101B_CQ1v4.0

What is the primary purpose of project management?

• To apply knowledge, skills, tools, and techniques to project activities

• To ensure projects are completed on time

• To increase project costs

• To manage financial resources only

Which of the following is NOT an advantage of using formal project management?

• Higher profit margins

• Improved customer relations

• Increased project costs

• Better internal coordination

What defines the boundaries of work in project management?

• Quality

• Cost

• Time

• Scope

What does the term 'scope creep' refer to?

• Underestimating project costs

• Delays in project completion

• Adding unauthorized features

• Missing agreed-upon elements

Which of the following is a key component of the Triple Constraint?

• Scope

• Stakeholders

• Quality

• Resources

What is the role of a project manager in relation to the Triple Constraint?

• To balance competing goals

• To focus solely on scope

• To ignore competing goals

• To prioritize cost over time

Which of the following is NOT a characteristic of a project?

• Unique purpose

• Permanent

• Temporary

• Requires resources

Which knowledge area is NOT considered a core knowledge area in project management?

• Human Resources

• Time

• Scope

• Cost

Which of the following is a facilitating knowledge area in project management?

• Quality

• Risk

• Time

• Scope

Which of the following is a characteristic of effective project managers?

• Inflexibility

• Strong leadership skills

• Lack of communication skills

• Poor time management