Hybrid Project Management - Quiz 2

What is the primary goal of the PM² methodology?

• To create a highly detailed and rigid project plan
• To provide an effective and efficient approach to managing projects
• To maximize project profitability above all else
• To focus only on IT projects

Which of the following is NOT one of the four phases in PM²?

• Initiating
• Planning
• Integrating
• Closing

What is the primary role of the Project Steering Committee (PSC) in PM²?

• To manage project deliverables
• To oversee project governance and strategic decision-making
• To replace the project manager in case of absence
• To execute project tasks

Which document serves as the main reference for managing project scope in PM²?

• Business Case
• Project Charter
• Project Handbook
• Work Breakdown Structure (WBS)

Which PM² phase includes the creation of the Project Handbook?

• Initiating
• Planning
• Executing & Monitoring
• Closing

What is the focus of risk management in PM²?

• Eliminating all risks
• Identifying, analyzing, and mitigating risks proactively
• Ignoring minor risks to avoid project delays
• Assigning all risks to external contractors

What is the purpose of stakeholder management in PM²?

• To ensure stakeholders have limited influence on the project
• To manage stakeholder expectations and engagement effectively
• To remove unnecessary stakeholders
• To prioritize project execution over stakeholder needs

Who is responsible for approving project closure in PM²?

• The Project Manager
• The Business Manager
• The Project Owner and Steering Committee
• The Solution Provider